Wealth and financial transition taxes can help finance the shifts we need

Politicians on the left are thinking big on tax reform: a 70 percent rate on incomes over $10 million, a wealth tax on the super-rich, estate taxes as high as 77 percent.   In December 2018 when the CBO released its list of options for cutting the federal deficit it looked at a financial transactions tax, “FTT” for short. The United States had one from 1914 until 1965; it could …

What States Can Do to Reduce Poverty and Inequality through Tax Policy

What States Can Do to Reduce Poverty and Inequality through Tax Policy, Sarah Anderson and Chuck Collins, Inequality.org March 4, 2019 States have an opportunity to act to close the loopholes that hide and protect the wealth of the top 1%, remedy the impact of the new federal tax law that lowers taxes on the wealthy, and make critical investments in …

Taxing Wall Street Transactions – $1 on a $1000 trade

Progressive Tax Takes Aim at Wall Street Transactions, Financial Crashes, Eoin Higgins, Common Dreams, March 05, 2019  National Nurses United for an International Day of Action, Lafayette Square, Washington, D.C. (Photo: Flickr Glyn Lowe Photo Works, @glynlowe). Democrats on Tuesday proposed a tax on Wall Street transactions which could stop another financial crash and bring in $777 billion over the next decade.  “The …

Re-imagining governance. We must insist on representatives who will share governing power. Co-governance means that elected officials are actively working with our communities—not corporate lobbyists—to draft policies and to move them forward together. 

Whom candidates surround themselves with and listen to is crucial. Progressives should look at the structure of candidates’ campaigns: Who is funding them? Who are their advisors? Are they investing in real conversations with voters? We must insist on representatives who will share governing power. Co-governance means that elected officials are actively working with our communities—not corporate lobbyists—to draft policies …

The Economy for the Common Good: A Workable, Transformative Ethics-Based Alternative, by Christian Felber

By Christian Felber, Vienna University of Economics and Business and Gus Hagelberg, Coordinator for International Expansion of the ECG more, February 27, 2017,  MONEY & BANKING, DEMOCRACY & GOVERNANCE This paper by Christian Felber and Gus Hagelberg, published alongside three others, is one of many proposals for a systemic alternative we have published or will be publishing here at the Next System Project. You can read it …

Offshore Finance: How Capital Rules the World: The Rise Of Offshore Finance Is Not Solely About Capital Moving To Banks In Exotic Islands, It Is Also About The Creation Of A Two-Tier Global System.

OffShore Finance: How Capital Rules The World, By Reijer Hendrikse, and Rodrigo Fernandez, ROAR Magazine, February 10, 2019 Capitalism only triumphs when it becomes identified with the state, when it becomes the state. — Fernand Braudel Following the election of Donald Trump and claims of Russian meddling during his campaign, a privatization deal of Russia’s state-owned oil company Rosneft caught the media’s attention: despite …

Simply saying ‘no’ to its headquarters isn’t enough – Amazon should be investigated for abusing monopoly power

Amazon deserves more than rejection from New York. It should be punished Matt Stoller, The Guardian, 16 Feb 2019 This week, Amazon abandoned a plan to open a second “headquarters” in New York City, after citizens rebelled against the idea of paying almost $3bn in subsidies and tax incentives to one of the world’s biggest corporations. But simply saying “no” to Amazon’s coercive terms …