Reduce inequality Closing the wealth gap through fair distribution

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Extreme inequality is neither natural nor inevitable. This policy seeks to redistribute wealth, land, and power, ensuring no one hoards what should be shared.

Policy Objective - Closing the wealth gap through fair distribution

Extreme inequality is neither natural nor inevitable. This policy seeks to redistribute wealth, land, and power, ensuring no one hoards what should be shared.

Inequality Policy Instruments 👇

Remember: Policy instruments are the means by which governments can achieve the degrowth goals/objectives we urgently need!

💡 Translation: Those with the most should contribute the most.

📈 Raise income, wealth, and capital gains taxes on the ultra-rich.

✈ Tax frequent flyers, luxury consumption, and high energy/resource users.

🏦 Introduce a global corporate minimum tax to stop multinationals from exploiting low-tax countries.

🌍 Crack down on tax havens and financial loopholes that allow the wealthy to evade responsibility.

💡 Translation: The richest shouldn’t make hundreds of times more than the poorest.

💰 Cap maximum incomes through high tax rates (e.g., 94% over $200,000, as during WW2).

🏢 Enforce wage ratios (e.g., the highest-paid employee can only earn 10x more than the lowest-paid).

⚖ Redirect tax revenue to marginalised and impoverished communities.

💡 Translation: Land and resources must be shared, not hoarded.

🌍 End unequal ecological exchange, ensuring the global south leads the transition.

💵 Cancel odious debt and introduce debt moratoriums for exploited nations.

🌱 Redistribute land to indigenous peoples, landless workers, and peasant communities.

🏭 Implement cap-and-dividend schemes to fairly distribute resource wealth.

⚖ Fund reparations for colonial and ecological destruction.

💥 A just society requires dismantling wealth hoarding and redistributing resources to those from whom they were stolen.