Historically, the International Monetary Fund (IMF) argued for lower taxes for everyone, particularly those that need it the least: the wealthy. Due to increases in multiple forms of inequality since the last global recession the IMF has changed its tune. The institution now calls for countries around the world to implement a wealth tax while lessening the financial burden on workers through tax breaks. They argue that by doing so we can fend off a global depression.
For individuals, the IMF encouraged slashing payroll taxes as well as cash transfers to help those hardest hit with job losses or other circumstances.
The IMF’s recommendation for a wealth tax marks a stark turnaround for an institution that long pushed tax cuts as a central element of its policy menu for developing nations. It serves as a lender of last resort to countries in dire financial straits.
I live in Toronto where cars are king and everything else deserves to be banned from the road, heck we rip up bike lanes while other cities grow their bicycle networks (and we’re spending millions on a highway that gets fewer users than a bus route). Toronto has been shamefully slow in reusing streets for people during the COVID-19 pandemic. Cities around the world have closed streets to car traffic and made life better for people who need more physical space so the disease won’t spread as easily. In Toronto we’ve closed parks and told people to walk single file on sidewalks while car traffic is down by 70%. basically, shame on Toronto.
What are good cities doing about this? They’re banning cars and using streets as a public space instead of a strip of land dedicated to moving single occupant vehicles. Some cities are considering making these changes permanent as the quality of life benefit from banning automobiles is quick to see and fall in love with.
Like many others in New York City, I live in an apartment that’s about 250 square feet. It’s a lot harder for me to abide by the same orders as people in sprawling suburban McMansions. Our sole escape is the public spaces that typically fill beyond any ability to socially distance on warm days. When people are stuck at home, and so many other establishments are closed—our libraries, museums, gyms, pools, restaurants—the parks are already more crowded than usual. Even the Green-Wood Cemetery has threatened to close because of overcrowding by people in search of spaces to walk. The situation stands to create a viral tinderbox that will ignite New York in the heat of the summer. To propose that the solution is to limit the use of these already precious public spaces is the inverse of a solution.
…
Open the streets. Open at least half of them. If we do not have enough police to enforce temporary closure to traffic, then open them semipermanently with concrete barriers. Open other streets permanently. Dynamite the asphalt, sod the land, plant trees and flowers, and do not look back.
In 2009 we looked at how Bhutan uses Gross National Happiness instead of the bizarre Gross Domestic Product (GDP) measurement to see how “successful” the country is. The GDP doesn’t reflect lives lived since things like oil spills and other disasters actually make the GDP go up despite the damage done. GDP is disconnected from reality.
Now, in the UK people want the government to care more about health and well being before upping the GDP numbers.
“It’s clear the vast majority of the public think we should worry more about people’s health and wellbeing than economic growth,†said Fran Boait, the executive director of Positive Money. “The government must not be tempted to pursue policies that would boost GDP at the expense of lives, wellbeing and the environment.â€
In a report entitledThe Tragedy of Growth, backed by politicians from several parties, including Clive Lewis of Labour, the Green party MP Caroline Lucas, and the former Conservative environment minister Lord Deben, who chairs the committee on climate change, campaigners call for a shift away from GDP as the government’s core measure of success.
Amsterdam is embracing an ecological approach to their economy by looking at it as if it’s a doughnut. Of course, it’s not a literal snack they are using, it’s a metaphor to visualize how different aspects of life interact with each other in an economic model. Classical economic models assume there’s always an external source of input and an external output where waste can be dumped (like the sea, air, landfills, etc.); but ecological models take into consideration the whole economic system. As a result these doughnut models capture reality much better since it’s no longer possible to socialize the costs of waste from running a modern economy.
“Within these two boundaries, between the social foundation that is on the inside and the ecological ceiling, there is this doughnut-shaped space where it is possible to meet the needs of all within the means of the living planet,†says Ilektra Kouloumpi, a senior strategist at Circle Economy, a nonprofit that has been working with Raworth, along with the nonprofits Biomimicry 3.8 and C40 Cities, to help the Amsterdam government adopt the doughnut model to make policy decisions. “The overarching question is: How can our city be home to thriving people, in a thriving place, while respecting the well-being of all people and the health of the whole planet?â€
Amazon has grown from an online book retailer to the seller of all things and destroyer of established businesses. It also treats humans like robots and gives them no respect while also dismissing human concerns like good working conditions and a breathable atmosphere. The lengths of which Amazon has gone to disrespect workers, the environment, and a decent of morals has led Tim Bray to resign from the company. This is exceptional.
In an open letter posted on his website he outlines all the reasons he left. He ranges from Amazon’s horrendous treatment of workers to the company’s disrespect of environmental concerns. It’s a scathing letter written by a highly respected individual. It’s quite rare for somebody at this level of a company to resign in this fashion and hopefully others will follow his lead.
Amazon’s strategy throughout the coronavirus crisis has been to fire dissenters and disparage them both in the press and behind closed doors. There have been dozens of confirmed coronavirus cases at warehouses around the country, and workers have repeatedly said the company isn’t doing enough to protect them. Last week, Amazon ended a program that allowed workers to take unlimited unpaid time off if they fear getting sick from the coronavirus. Last Friday, Amazon workers together with Target, FedEx, Instacart, and Whole Foods workers, went on strike to protest their working conditions.
…
In his resignation letter, Bray said that “firing whistleblowers isn’t just a side-effect of macroeconomic forces, nor is it intrinsic to the function of free markets. It’s evidence of a vein of toxicity running through the company culture. I choose neither to serve nor drink that poison.â€
