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Donald Trump and Angela Merkel will join 2,500 world leaders, business executives and charity bosses at the World Economic Forum (WEF) in Davos, Switzerland which kicks off on 23 January. High on the agenda once again will be the topic of inequality, and how to reduce the widening gap between the rich and the rest around the world.
The WEF recently warned that the global economy is at risk of another crisis, and that automation and digitalisation are likely to suppress employment and wages for most while boosting wealth at the very top.
But what ideas should the great and good gathered in the Swiss Alps be putting into action? We'd like to know what single step you think governments should prioritise in order to best address the problem of rising inequality. Below we've outlined seven proposals that are most often championed as necessary to tackle the issue – but which of them is most important to you?
- Provide free and high quality education
- Raise the minimum wage
- Raise taxes on the rich
- Fight corruption
- Provide more social protection for the poor
- Stop the influence of the rich on politicians
- Provide jobs for the unemployed
Do you think these ideas are enough, or are there any better ideas to close this wealth gap ? You too can participate and vote for the idea that, you think, works best.
(Score: 3, Insightful) by Whoever on Sunday January 21 2018, @12:38AM
Lots of wealthy people choose to live in high-tax jurisdictions. Usually because those places are much better places to live.
People with money are usually prepared to spend it to improve their lives. There are , of course, exceptions, but there is a great scope to increase taxes on the wealthy with no downside, in the USA.
Tax rates on the wealthy are low in the USA. What percentage of tax does Mitt Romney pay on his income? You want to find someone not paying their dues: look at Mitt. He is the one of the people who are really sponging off society, not the millions of poor people.