State & local tax codes can do a lot to reduce inequality. But they add to the growing income inequality problem. These regressive tax codes also result in higher tax rates on communities of color, further worsening racial income and wealth divides. itep.org/fairness-matte…

The White House knows that the global south has a point ft.com/content/6482a6… via @ft

2/2 'In particular, the World Bank should be doing more to support countries in raising taxes progressively and investing in public services, rather than pouring energy into boosting private finance,' said Oxfam Washington DC's Kate Donald.

worldbank.org/en/news/statem…

Now available to watch. Our Oxfam International panel on remaking global economic governance for a post-neoliberal era. With Rana Foroohar Adriana Erthal Abdenur and Ndongo Samba Sylla/nssylla.bsky.social youtube.com/watch?v=n6SERM…

Rich countries espouse active industrial policy at home while continuing to impose outdated policies abroad.

Rana Foroohar's opinion piece in today's Financial Times is a must-read.

ft.com/content/6482a6…

The wealth of the 400 richest Americans was equivalent to 2% of US GDP in 1982 (first year of the Forbes ranking) and now reaches 17% of GDP

Massive faculty walkout at Columbia University opposing the university’s decision to call in NYPD on Palestine solidarity protests:

Amazing combination- Brazil's Finance Minister, bringing taxing the rich to the G20 agenda for the first time, with Bernie Sanders and Ilhan Omar championing this in the USA- a tax Joe Biden has also called for. The US needs to back the Brazil proposal to tax the rich at the G20.

I signed this statement from Columbia University faculty condemning in the strongest possible terms the University's suspension of students engaged in peaceful protest and their arrest by the NYPD. We demand suspension and charges be dismissed immediately and expunged:

.Ishaan Tharoor has written an excellent piece in the The Washington Post summarising the anger & frustration of the Global South with the West’s domination & weaponisation of institutions of global economic governance.

It's been just about a year since New York's legislature passed the Build Public Renewables Act through the budget, tasking the New York Power Authority to help the state meet its climate goals.

They've asked McKinsey to tell them how to do it: newrepublic.com/article/180775…

The 'new' Washington consensus looks a lot like the old one.🔥Ishaan Tharoor:

Grieve Chelwa on how IMF policies risk another lost generation

Ndongo Samba Sylla/nssylla.bsky.social on IFIs' destructive obsolescence

Adriana Erthal Abdenur on rich cos pushing industrial policy at home & austerity abroad
washingtonpost.com/world/2024/04/…

Columbia has always had an incredible history of students fighting for a more just world and it’s good to see that tradition continue. As NYPD surrounds young activists, I hope their concerns are heard by school administrators and they not be criminalized. In solidarity ✊🏽

I attended Columbia University Law School and currently teach human rights advocacy here. Deeply ashamed of this institution today.

Greatest appreciation to Bernie Sanders.

Backs the Brazilian G20 Presidency proposal to tax the super-rich internationally, alongside Minister Fernando Haddad.

Utmost respect to Senator and to Rep. Ilhan Omar for their leadership. Proud for Oxfam International to be part of this.

We can do this.

Good to see this, but I would add a CRUCIAL point 11:

DROP harmful loan conditions that emphasize “fiscal consolidation” (austerity), to free up fiscal and policy space for investment in people & climate

Jayati Ghosh Radhika Balakrishnan david_mcnair Alexandros Kentikelenis Oxfam Washington DC

PRESS CONFERENCE

17 April, 3-3.45pm (EDT)
HQ2-10B-248

Leading economists will answer questions from journalists about the G20 Brasil's global plan to tax the super-rich.

With Joseph E. Stiglitz, Esther Duflo, Jose Antonio Ocampo, Gabriel Zucman and Icrict.

#IMFMeetings #WBGMeetings

Extreme wealth concentration cannot be dismissed! Join us tomorrow to discuss 'The Path for Taxing the Super-Rich: Towards a Progressive Global Taxation Agenda', at the Spring Meetings 2024.

📅 17 April - 4 pm
📍 IMF Headquarters HQ2-03B-768B
📺 Zoom: tinyurl.com/3trp2av9

'The #US told countries: 'you can't have industrial policies.' But we had very strong industrial policies. We developed a strong pharma industry, we promoted the financial sector. We did what we told other countries not to do,' said Joseph E. Stiglitz.

#RemakeGlobalEcon