Hi Darius, thanks for the comment! I think you’re right that we too often focus on the problem rather than solution, but there are actually many things that can be done to rectify the situation.
Recently a global wealth tax has been proposed which looks at least like a step in the right direction, but it’s only a start (and a feeble one at that).
Democracies and political systems around the world have become compromised by the moneyed interests. They no longer serve the mass of people, yet instead cater to the whims of corporations and the global elite. To me, this is the core of the problem and to truly create greater wealth equality, that needs to be addressed first.
A number of other things can also be implemented asap, however, such as:
- A wealth cap of perhaps 50 million or so, any more than that should be taxed.
- Clamping down on tax evasion and so-called economic “free zones” where the wealthy can hide their money, such as Switzerland and Panama.
- Bolstering welfare systems, to make housing, employment, health care and education human rights and integral to the social contract.
- Creating not a minimum wage but a living wage — which enables the individual to provide for all basic needs.
- Establishing a worldwide minimum tax for multinats that’s in the 40 or 50 percentile.
- Severely prosecute companies who damage the environment or contribute to global warming.
These are just some ideas and I believe that politicians are well aware what needs to be done. It’s just a matter of political will.
Protests and labour movements (such as nationwide strikes) would help to force their hand.
