- Jul 2023
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oxfamilibrary.openrepository.com oxfamilibrary.openrepository.com
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- for: inequality, wealth tax, climate justice, earth system justice
- policy paper
- title
- Survival of the Richest
- source
- Oxfam
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date
- Jan 2023
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Executive Summary
- Since 2020, the richest 1% have captured almost two-thirds of all new wealth
- nearly twice as much money as the bottom 99% of the world’s population.
- Billionaire fortunes are increasing by $2.7bn a day,
- even as inflation outpaces the wages of at least 1.7 billion workers, more than the population of India.7
- Food and energy companies more than doubled their profits in 2022,
- paying out $257bn to wealthy shareholders,
- while over 800 million people went to bed hungry
- Only 4 cents in every dollar of tax revenue comes from wealth taxes and
- half the world’s billionaires live in countries with no inheritance tax on money they give to their children.
- A tax of up to 5% on the world’s multi-millionaires and billionaires could raise $1.7 trillion a year,
- enough to lift 2 billion people out of poverty, and fund a global plan to end hunger.
- Since 2020, the richest 1% have captured almost two-thirds of all new wealth
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- Jun 2022
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Local file Local file
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Numerous studies have shown thatthe fiscal state’s rise in power made a major contribution to the pro-cess of economic development. The new receipts did in fact make itpossible to finance expenditures that proved indispensable not onlyfor reducing inequalities but also for encouraging growth. These ex-penditures included a massive and relatively egalitarian investmentin education and health care (or, at least, a much more massive andegalitarian investment than any previous); expansion of transporta-tion and other community infrastructure; the replacement income,such as retirement pensions, necessary for supporting an aging popu-lation; and reserves, such as unemployment insurance, for stabilizingthe economy and society in the event of a recession.1
See especially P. Lindert, Growing Public: Social Spending and Economic Growth since the Eighteenth Century (Cambridge: Cambridge University Press, 2004).
Ample evidence has shown that increasing taxes in Western countries along with the states' power to use it during the majority of the 1900s not only reduced inequalities but encouraged growth.
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In France, a wealthyvoter giving 7,500 euros (the current ceiling) to his preferred politicalparty has a right to a tax deduction of 5,000 euros, financed by the restof the taxpayers.
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In concreteterms, a state that levies taxes amounting to only 1 percent of the na-tional income has very little power and capacity to mobilize society.
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- Jan 2022
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www.npr.org www.npr.org
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Chappell, B. (2022, January 13). Quebec’s “unvaxxed tax” has people rushing to get vaccinated. NPR. https://www.npr.org/2022/01/13/1072775645/quebec-covid-19-unvaccinated-tax
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nationalpost.com nationalpost.com
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Is mandatory COVID vaccination legal? Here’s what Canada’s charter says. (n.d.). Calgaryherald. Retrieved January 14, 2022, from https://nationalpost.com/news/canada/is-mandatory-covid-19-vaccination-constitutional
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- Nov 2021
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www.theatlantic.com www.theatlantic.com
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Nuance and ambiguity are essential to good fiction. They are also essential to the rule of law: We have courts, juries, judges, and witnesses precisely so that the state can learn whether a crime has been committed before it administers punishment. We have a presumption of innocence for the accused. We have a right to self-defense. We have a statute of limitations.
Great quote by itself.
How useful is the statute of limitations in cases like slavery in America? It goes against a broader law of humanity, but by pretending there was a statue of limitations for going against it, we have only helped to institutionalize racism in American society. The massive lack of a level playing field makes it all the harder for the marginalized to have the same freedoms as everyone else.
Perhaps this is why the idea of reparations is so powerful for so many. It removes the statue of limitations and may make it possible to allow us to actually level the playing field.
Related:
Luke 12:48 states, "From everyone who has been given much, much will be demanded; and from the one who has been entrusted with much, much more will be asked." Is this simply a statement for justifying greater taxes for the massively wealth?
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- Sep 2021
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www.propublica.org www.propublica.org
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Is the fact that these exist a function of how quiet and unknown these can be within a small subset of select society? Because the're not more common or commonly known, the average person isn't aware (not helped by the complexity of the details) on a daily basis and thus they can continue on helped by politicians in power who can be lobbied (or otherwise captured).
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- Jan 2021
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covid-19.iza.org covid-19.iza.org
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FitzRoy. F., Jin. J., (2020). Reforming Tax and Welfare: Social Justice and Recovery after the Pandemic. Institute of Labor Economics. Retrieved from: https://covid-19.iza.org/publications/pp157/
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- Jul 2020
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www.commonwealthfund.org www.commonwealthfund.org
- Apr 2019
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www.fatherly.com www.fatherly.com
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the legislation all but ensures that paying taxes remains a giant, expensive pain in the ass for most workers and insulates Intuit, which runs TurboTax, and H&R Block from the potential harmful effects of competent governance to their bottom line.
Not sure how accurate this characterization is, but it does seem that Intuit has been lobbying to keep things less than straightforward for taxpayers for some time. Unfortunate. https://www.latimes.com/business/hiltzik/la-fi-mh-these-taxprep-companies-lobby-hard-to-keep-tax-day-a-torture-for-you-20150414-column.html https://en.wikipedia.org/wiki/TurboTax (see controversies)
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