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Proposal Details

Proposal ID931
Proposal2018 Platform Amendment Progressive Global Wealth Tax
PresenterPlatform Committee: Sponsored by GPUS Youth Caucus
Floor ManagerAndrea Merida
PhaseClosed
Discussion08/20/2018 - 09/16/2018
Voting09/17/2018 - 09/23/2018
ResultFailed
Presens Quorum33 0.6666
Consens Quorum51 0.6666 of Yes and No Votes

Background

Global problems require global solutions. Wealth inequality has reached crisis levels, and is likely to continue to worsen. A progressive global wealth tax on millionaires and billionaires solves the problem of offshore tax havens.

Proposal

Amend the introduction to Chapter IV. Economic Justice & Sustainability, section E. Fair Taxation by inserting the sentence:

“We call for a progressive global wealth tax on millionaires and billionaires, in order to reduce crisis-level wealth inequality and eliminate the problem of offshore tax havens.”

between the current sentences

“We call for progressive taxation, shifting tax from individuals to corporations, taxing “bads” not “goods,” taxing unearned income at the same rate as earned income, taxing speculation on Wall Street, and cutting corporate tax giveaways.”

and

“We will institute comprehensive tax reform to simplify the tax system. We will eliminate loopholes and other exemptions that favor corporate and wealthy interests over tax justice.”
 

Resources

Approval of this proposal will amend the 2018 GPUS Platform,

References

Capital in the 21st Century” - Thomas Piketty
“The Hidden Wealth of Nations: The Scourge of Tax Havens” - Gabriel Zucman
http://piketty.pse.ens.fr/files/Piketty2015NTJ.pdf

Contacts:
Platform Committee - Bruce Hinkforth, co-chair, bhinkforth@milwpc.com, 262-569-1370; Linda Cree, co-chair, creelinda@hotmail.com, 906-942-7076
Youth Caucus - Travis Christal, travischristal@gmail.com; Michael Dennis, michael@gp.org


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