Editorial: Global Justice Report proposes taxing extreme wealth to fund climate equality and public abundance
By
Editorial
The bagel they save for the regulars. Don't skim, savour.
Summary
The article discusses the Global Justice Report from Thomas Piketty's World Inequality Lab, which argues that humanity can raise living standards, reduce inequality, and keep global heating within 2°C by taxing extreme wealth and replacing consumer excess with social and economic security. The editorial acknowledges the hopeful vision but notes it runs counter to current political trends like anti-migrant demagoguery, fossil-fuel revivalism, and billionaire capture of political systems.
Key quotes
· 3 pulledHumanity can raise living standards, reduce inequality and keep global heating within a 2C rise, according to a sweeping vision for planetary survival
In an age of ecological dread, that is a bracingly hopeful claim
Anti‑migrant demagoguery, fossil-fuel revivalism, attacks on multilateralism and billionaire capture all militate against the redistributive state capacity that the report requires
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