Elements of Systemic Change
In 2000, the sales of the top 200 corporations were 18 times the combined yearly income of the 1.2 billion people living in 'severe' poverty.
- Replace money indicators with life indicators as the measure of progress.
- Create and apply appropriate tools for making investment decisions based on returns to living capital rather than returns to financial capital.
- Roll back concentrations of economic power and the division between workers and owners by implementing a progressive wealth tax on people and corporations, democratizing the ownership of economic assets, and placing strict limits on inheritance to implement a modern version of the Jubilee that redistributes assets to restore social balance at the end of each lifetime.
- Locate responsibility for setting economic rules and priorities in democratically accountable institutions of government at the most local level feasible in order to maximize opportunity for full public participation.
- Limit political participation to real people, which means barring corporations of all types from political participation. End the practice of allowing corporate tax deductions for advertising and lobbying expenses.
- Enforce cost internalization through regulations, service fees, and legal liability of individual and institutional investors for harms caused by for-profit corporations they own.
- Discourage financial speculation by confiscatory taxation of short-term capital gains and all gains from purely speculative buying and selling of financial assets.
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