Imagine a world in which nearly 90% of the population earns twice as much, while working half as many hours as they do today. One in which the poorest half's share of global wealth increases, while billionaires' share decreases. All while capping global warming at 1.8 'C above pre-industrial levels by 2100. That's the vision laid out by researchers at the Paris-based World Inequality Lab in their Global Justice Report, a modelling study released last month1. The report proposes financing the plan through global taxes on the very rich, with revenues going into a fund to support health, education and the shift to sustainable development, including transitioning from fossil fuels to renewable energy. It also proposes the creation of a new international currency to end some of the financial advantages that wealthy countries enjoy at the expense of poor ones. Another report, presented to the United Nations last month, goes further. The Roadmap for Eradicating Poverty Beyond Growth2 calls...
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