- Aug 2023
what I'm advocating here isn't radical redistribution it's merely more 00:13:08 redistribution in a and structurally dependable manner that is fair that is inclusive and that allows for the poor and improvised Nations to be granted excess not just a vital strategic resources that are very much needed in 00:13:21 maintaining the quality of life at own citizens but also more importantly the ropes to climb the ladder
- for: W2W, TPF, stats, inequality, wealth redistribution, wealth tax, quote, quote - wealth tax, quote - inequality, stats, stats - inequality, stats - wealth tax
- An annual wealth tax of just 5% on multi-millionaires and billionaires
- could raise US $1.7 trillion a year
- enough to lift 2 billion people out of poverty
- author Institute for Policy (2023)
- that breaks down to approximately $US 1,000 per person for 2 billion people from the 1% elites
- this is pretty reasonable
- W2W can begin with this simple VOLUNTARY ASK
- if the multi-millionaires and billionaires do just this consistently, then it is so little from their coffers and they could avoid a wealth tax by simply stepping up voluntarily
- Could W2W motivate them to?
- Mar 2023
The black line in Fig. 5 shows that redistribution is not enough; if everyone’s emissions are equalized at escape from poverty levels, then we would still overshoot the climate boundaries
- First stage of characterizing the Safe and Just Corridor
- The black line in Fig. 5 shows that
- redistribution is not enough
- if everyone’s emissions are equalized at escape from poverty levels, then
- we would STILL overshoot the climate boundaries (annotator's emphasis)
- hypothetical pressure from 62% of humanity that is lacking humane access to resources is equal to the pressure exerted by 4% of the elits of humanity
- Jan 2023
there are some sources of energy which which create a negative value because of 00:48:39 of of global climate change and climate working and warming and you know all the negative external effect of using some energy so we have some to make some of the energy uh sources just illegal you know we have to keep some of the oil in the ground we have to stop looking for new oil and gas so you know so the solution to some of the of the energy questions we have is just to to 00:49:04 to make illegal you know the use of certain energy and to to to move to other energy so that's part of the answer now if we if we have done that and we deal with with energy that don't have the the negative this much bigger negative impact on mankind than their positive productive impact then you know redistribution of wealth must be about all forms of wealth you know whether it's 00:49:32 rent or energy or financial assets or i was seeing you know we we need to have a permanent circulation of wealth and power so you know that's the way i i view you know taxation of wealth is will be a permanent you know progressive tax on net wealth which in effect will will will wipe out all the biggest uh wealth right away you know say up to 90 percent tax per year for you 00:49:59 know for for billionaires but among you know there will still be some people who want 100 000 dollars some people who earn 1 million or 2 million but there will be a permanent circulation of wealth holdings within within this limited uh wealth gap that that will still exist and this should be for all forms of wealth you know whether it's land or housing or whatever whatever the origin
!- Thomas Piketty : On redistribution of all forms of wealth - concerning energy, certain harmful forms of energy such as fossil fuels need to be phased out and made illegal due to their harmful effects - ALL forms of wealth, whether financial, energy, housing, needs to be progressively taxed and redistributed equitably. So a billionaire would pay 90 percent tax per year but there will still be a range of wealth...up to millionaires for instance.
- Jun 2022
need for transformative changes in consumption patterns is particularly pertinent for wealthier nations and the rising global middle-class, given higher per capita levels of material consumption and aspirational effects on others. In contrast, for the most disadvantaged people in the world, material consumption must increase to meet multiple SDGs including eradicating poverty and hunger (McMichael et al., 2007); this may also help reduce unsustainably high rates of population growth in many regions if coupled with education and empowerment of women
This already suggests a strategy. An education program that helps citizens to recognize the greater satisfaction from helping their fellow citizens can shift and reduce consumption patterns to be within planetary boundaries.
- Dec 2014
Creating a Workforce Housing Equity Fund: Tech companies taking advantage of tax breaks should pay into a Workforce Housing Equity Fund for building affordable housing as part of their Community Benefits Agreements.
Now we're talking. Welcome the new wealth, tax the hell out of it, and re-invest that in equitable developments.