A good life for the 99% isn’t a pipe dream: it can be done. Here’s how
Our plan is radical – but by transforming how we live on a finite planet, nearly everyone gains
A good life for the 99% isn’t a pipe dream: it can be done. Here’s how A new report proposes a radical global transformation by 2100, achieving high levels of wellbeing and economic convergence while maintaining planetary habitability. This requires fast decarbonization, a shift to sufficiency, and a drastic reduction in inequality, with the poorest half of humanity seeing their share of global wealth rise significantly. The transition is financed through new global institutions and taxes, ultimately leading to gains for almost everyone, with nearly 90% of the world’s population doubling their income and over 99% coming out ahead when leisure and a habitable planet are considered.
- A future with high wellbeing, doubled incomes, and halved working hours is achievable on a sustainable planet.
- Key conditions for this transition include fast decarbonization, a shift towards sufficiency, and drastic reduction of inequality.
- The Global Justice Report quantifies a plan integrating redistribution, financial reform, energy transition, and consumption shifts.
- By 2100, average per capita income would converge globally, working hours would halve, and global heating would be limited to 1.8C.
- Inequality would significantly decrease, with the poorest half gaining substantial wealth share and the billionaire class’s share shrinking.
- Financing involves a global justice fund, a world sovereign fund, a global wealth tax, and a global income tax.
- The plan aims for a gain for almost everyone, redistributes power in global institutions, and addresses trade imbalances.
- This vision is materially possible, supported by historical precedents, but requires political choice and coalition-building.
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