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Project Davos: What's the Single Best Way to Close the World's Wealth Gap?

posted by Fnord666 on Saturday January 20 2018, @10:26PM   Printer-friendly
from the eat-the-rich dept.

AnonTechie writes:

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

https://www.theguardian.com/inequality/2018/jan/19/project-davos-whats-the-single-best-way-to-close-the-worlds-wealth-gap

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.

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  • (Score: 0) by Anonymous Coward on Sunday January 21 2018, @12:38AM

    by Anonymous Coward on Sunday January 21 2018, @12:38AM (#625438)

    Wealth is not a bug, its a feature because the desire for it motivates a percentage of humans to do great things which helps all.
    The problem comes in what some do with their wealth.

    On the good side,
    Governments are especially fickle in using cash to help.
    Sometimes a wealthy individual can do much better.

    On the bad side,
    What you can get away with with wealth is the bug.
    You should not be able to use it to tilt the rules in your favor to make it harder for others to overtake you.
    This includes, especially buying political influence. (Or, in some cases, a whole country.)
    The worst may be everybody being equal under the law, but especially if you have cash.