Posts tagged with Sachs

Perhaps 4% of extra GDP could be collected as of 2015 mainly by taxing the rich (2 percent), tightening corporate taxation (1 percent), taxing financial transactions, and taxing carbon emissions (0.5 percent). Introducing VAT (value-added tax - a consumption tax) would raise even more revenues and could be phased in over several years. The point is that there are lots of options, and most of them could be concentrated near the top of the income distribution, where they belong.
Jeffrey Sachs - The Price of Civilization

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There is now a systematic global comparison of scholastic performance of fifteen-year-olds carried out every three years as part of the Program for International Student Assessment (PISA), currently covering sixty-five countries. The 2009 results are chastening. On the one hand, the United States ranked only fifteenth in reading, twenty-third in science, and thirty-first in mathematics. On the other hand, Shanghai, China, ranked number one in all three categories, and the fast-rising developing economies of Asia (including South Korea, Singapore, and Hong Kong) all ranked in the top ten, dramatically outperforming the United States. This is perhaps the starkest wake-up call in recent memory about our lagging educational performance and its implications for the future, yet it made hardly a blip in the U.S. media.
Jeffrey Sachs - The Price of Civilization

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Mindfulness of nature, therefore, is not a tree hugger’s plea but a practical imperative for twenty-first century survival. Our peril is unprecedented, and human knowledge, values, and social institutions are far behind the curve. The global economy has suddenly become so large - $70 trillion a year and doubling in size roughly every twenty years - that the earth’s air, water, land, and climate are all under threat. Our global response to date has been so obtuse, so absurd, so shortsighted that it almost seems that humanity has a death wish. This ignorance and shortsightedness can lead us to disaster. Of course, more than a death wish has been at play; the greed of powerful vested interests has been far more consequential than public confusion and shortsightedness.
Jeffrey Sachs - The Price of Civilization

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When libertarians deride the idea of social fairness as just one more nuisance, they unleash greed. The kind of unconstrained greed that is now loose in America is leading not to real liberty but corporate criminality and deceit; not to democracy but to politics dominated by special interests; not to prosperity but to income stagnation for much of the population and untold riches at the very top. Fortunately, most Americans disagree with the harshness and extremism of the libertarian philosophy. Nonetheless, wealthy libertarians can gain the upper hand in real political decision making through massive lobbying, propaganda campaigns, and heavy campaign financing.
Jeffrey Sachs, The Price of Civilization

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