Proposals to solve inequality
Sir Tony Atkinson recently wrote a book listing proposals to solve inequality, I thought I’d type it up for y’all to add something practical and positive to the debate on equality :)
Proposal 1: The direction of technological change should be an explicit concern of policy-makers, encouraging innovation in a form that increases the employability of workers and emphasises the human dimension of service provision.
Proposal 2: Public policy should aim at a proper balance of power among stakeholders, and to this end should (a) introduce an explicitly distributional dimension into competition policy; (b) ensure a legal framework that allows trade unions to represent workers on level terms; and (c) establish, where it does not already exist, a Social and Economic Council involving the social partners and other nongovernmental bodies.
Proposal 3: The government should adopt an explicit target for preventing and reducing unemployment and underpin this ambition by offering guaranteed public employment at the minimum wage to those who seek it.
Proposal 4: There should be a national pay policy, consisting of two elements: a statutory minimum wage set at a living wage, and a code of practice for pay above the minimum, agreed as part of a ‘national conversation’ involving the Social and Economic Council
Proposal 5: The government should offer via national savings bonds a guaranteed positive real rate of interest on savings, with a maximum holding per person
Proposal 6: There should be a capital endowment (minimum inheritance) paid to all at adulthood
Proposal 7: A Public Investment Authority should be created, operating a sovereign wealth fund with the aim of building up the net worth of the state by holding investments in companies and in property
Proposal 8: We should return to a more progressive rate structure for the personal income tax, with marginal tax rates increasing by ranges of taxable income, up to a top rate of 65%, accompanied by a broadening of the tax base
Proposal 9: The government should introduce the personal income tax and Earned Income Discount, limited to the first band of earnings
Proposal 10: Receipts of inheritance and gifts inter vivos should be taxed under a progressive lifetime capital receipts tax
Proposal 11: There should be a proportional, or progressive, property tax based on up-to-date property assessments
Proposal 12: Child Benefit should be paid for all children at a substantial rate and should be taxed as income
Proposal 13: A participation income should be introduced at a national level, complementing existing social protection, with the prospect of an EU-wide child basic income
Proposal 14 (alternative to 13): There should be a renewal of social insurance, raising the level of benefits, and extending their coverage
Proposal 15: Rich countries should raise their target for Official Development Assistance to 1% of Gross National Income