World Inequality Lab report & vision

[MajorRewrite]

The World Inequality Lab has created a plan for achieving widespread prosperity while also greatly reducing environmental impact. It’s an interesting and hopeful vision for the future.

‘An equal and habitable world is possible’: academics set out sweeping vision for planetary survival

To achieve this, the authors envisage three steps: more than halving average working time from 2,100 hours a year to 1,000 hours, roughly equivalent to a two-and-a-half-day working week; encouraging people to eat less red meat, which is the main driver of deforestation and ecological destruction; and refocusing the economy toward low-consumption activities by more than doubling education spending to €8,400 (£7,250) a person and healthcare spending to €14,400.

Tackling inequality is a central goal. Under the plan, the average per capita gross national income across the world would be €5,000 a month by the end of the century – an increase for almost everyone, with the greatest gains in the global south. The exception would be the mega-rich, who would be highly taxed because they are most responsible for the climate crisis. The share of global wealth held by billionaires, who make up only 0.001% of the world population, would fall from 6% to 0.05%, while the bottom 50% would see their share of wealth increase from 2% to 30%.

Piketty said recent history showed the goals of the report were plausible. Countries such as Sweden and Norway were once extremely divided economically but had made rapid progress in reducing inequality because of government policies and a refocusing of investment toward education and health, while working hours in Europe have halved since the 19th century, which is in line with the goal envisaged in the report.

The World Inequality Conference starts today in Paris.

An editorial by the authors of the report.
Link to the official report.

 

[Chilllax]

Somewhat related is this, based on the work done by Prof.Forrester.
https://en.wikipedia.org/wiki/The_Limits_to_Growth
Less positive of an outlook relative to the conference report.

 

[BoredDirtyCommie]

Sounds reasonable and slightly Socialist. I like it.

 

[Lazaran]

The World Inequality Lab has created a plan for achieving widespread prosperity while also greatly reducing environmental impact. It’s an interesting and hopeful vision for the future.

‘An equal and habitable world is possible’: academics set out sweeping vision for planetary survival







The World Inequality Conference starts today in Paris.

An editorial by the authors of the report.
Link to the official report.

Very pragmatic…

totally realistic…

quite doable…



Republicans will win again in November.

"The left" will see to that ^.



We. Told. Them. So.