Another Subject that won't go away!
The news today is telling us again that the richest 1% now have as much wealth as the rest of the world put together, according to Oxfam.
For months now I have been seeing and passing on articles by Robert Reich, Bernie Sanders, Jeremy Corbyn and Bryan Gould, all talking about the great and growing inequalities in wealth and income across our countries. And some of the "1%", like Gareth Morgan, have been commenting on how ridiculous they see the position too: one billionaire admitted he pays 11% of his income in tax.
So the politicians of this group want to improve the effectiveness of the wealth-equalisation tax systems in their countries.
But an even greater problem, as I see it, is the disparities in wealth across the world. More and more every day the world is being thrown together in one big heap! With cheap travel, fast internet, and frequent sporting links for a start, we are all being forced to realise we are all in this boat together; there is no Planet B.
So we need to start thinking about a system to equalise wealth and income across the world, not just within the boundaries of our artificial nations. Something like a world tax which skims a cent or two off each transaction and enables the poorest nations to use a much larger share of the resulting funds for development projects that improve their long-term conditions. Something at arms length from existing governments and run by widely-representative councils.
Of course such a system needs protection by good quality transparent legal and administrative support, and so on and on. But surely with plenty of computer power it should not be impossible!
What do you think?
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