{"id":8902,"date":"2024-06-11T10:40:30","date_gmt":"2024-06-11T08:40:30","guid":{"rendered":"https:\/\/www.greens-efa.eu\/opinions\/?p=8902"},"modified":"2024-06-11T15:41:41","modified_gmt":"2024-06-11T13:41:41","slug":"end-economic-inequalities","status":"publish","type":"post","link":"https:\/\/www.greens-efa.eu\/opinions\/end-economic-inequalities\/","title":{"rendered":"End economic inequalities"},"content":{"rendered":"<div class=\"boxed\">\n<p>The economy belongs to everyone. We all participate in it and we are all obliged to pay our fair share. But not everyone is contributing: despite the cost of living crisis which is squeezing us all at the end of the month, billionaires have increased faster than ever and multinationals have raked in extreme profits at the expense of the most vulnerable. Yet their tax burden is close to zero.&nbsp;<\/p>\n<\/div><div class=\"boxed\">\n\n<\/div><div class=\"boxed\">\n<h2 class=\"has-medium-font-size wp-block-heading\">Give the billions back to the millions<\/h2>\n<\/div><div class=\"boxed\">\n\n<\/div><div class=\"boxed\">\n<p>We cannot afford an economy that favours billionaires, shareholders and multinationals over workers, families and the planet. Having fair societies where everyone contributes proportionately is not a dream, it can be a reality. All it takes is the political will to put the billions at the service of the millions. All we need to do is change the rules of the game. So that those who have the most, contribute the most.<\/p>\n<\/div><div class=\"boxed\">\n\n<\/div><div class=\"boxed\">\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n<\/div><div class=\"boxed\">\n\n<\/div><div class=\"boxed\">\n<figure class=\"wp-block-image size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.greens-efa.eu\/opinions\/wp-content\/uploads\/2024\/06\/Billions-to-millions-683x1024.jpg\" alt=\"Billions to millions visual \/ end economic inequalities\" class=\"wp-image-8910\" width=\"342\" height=\"512\" srcset=\"https:\/\/www.greens-efa.eu\/opinions\/wp-content\/uploads\/2024\/06\/Billions-to-millions-683x1024.jpg 683w, https:\/\/www.greens-efa.eu\/opinions\/wp-content\/uploads\/2024\/06\/Billions-to-millions-200x300.jpg 200w, https:\/\/www.greens-efa.eu\/opinions\/wp-content\/uploads\/2024\/06\/Billions-to-millions-768x1152.jpg 768w, https:\/\/www.greens-efa.eu\/opinions\/wp-content\/uploads\/2024\/06\/Billions-to-millions.jpg 827w\" sizes=\"auto, (max-width: 342px) 100vw, 342px\" \/><\/figure>\n<\/div><div class=\"boxed\">\n\n<\/div><div class=\"boxed\">\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n<\/div><div class=\"boxed\">\n\n<\/div><div class=\"boxed\">\n<h2 class=\"has-medium-font-size wp-block-heading\">Tax the rich<\/h2>\n<\/div><div class=\"boxed\">\n\n<\/div><div class=\"boxed\">\n<p>We can and we must start taxing the wealthiest individuals and shareholders. Workers cannot be the ones that pay the highest tax rates in our societies while those who have the most hide their wealth in tax havens or store it right in front of our eyes in mansions and luxury items.&nbsp;<\/p>\n<\/div><div class=\"boxed\">\n\n<\/div><div class=\"boxed\">\n<ul class=\"wp-block-list\"><li>We need the money to invest in a green future, one where both the planet and the people can thrive.<\/li><li>We need to invest in our public services, the pillars of our societies.<\/li><li>We cannot have an economy that is built to favour the top 0.5%.<\/li><li>The economy needs to work for the people and respect our planetary boundaries, not the other way around.<\/li><\/ul>\n<\/div><div class=\"boxed\">\n\n<\/div><div class=\"boxed\">\n<p>However, there is a lack of investment in the just green transition. And the recent <a href=\"https:\/\/etuc.org\/en\/pressrelease\/study-social-cost-austerity-rules\">reform of the EU\u2019s economic governance rules<\/a> will only make this worse. This means we need alternative strategies to channel investments, and a renewed focus on tax justice at EU level.<\/p>\n<\/div><div class=\"boxed\">\n\n<\/div><div class=\"boxed\">\n<p>It\u2019s time to make \u201c<a href=\"https:\/\/www.greens-efa.eu\/en\/article\/study\/tax-the-rich-from-slogan-to-reality\" target=\"_blank\" rel=\"noreferrer noopener\">tax the rich<\/a>\u201d go from slogan to reality. Because if the top 0.5% of the richest people in the EU paid just a small tax of 2%, we could get 213.3 BILLION euros a year. That is the equivalent of over 80% of our yearly energy bills. It\u2019s the salaries of over 7 million teachers across Europe or an increase of 20% of the healthcare spending. So instead of having CEOs lecture us about how we need to drop our coffees to be able to afford a home, how about we start making the economy a bit more fair by making those who have the most contribute their fair share?<\/p>\n<\/div><div class=\"boxed\">\n\n<\/div><div class=\"boxed\">\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n<\/div><div class=\"boxed\">\n\n<\/div><div class=\"boxed\">\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\"><div class=\"boxed\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-magenta-background-color has-background\">Download our study &#8211; Tax the rich: From Slogan to Reality<\/a><\/div>\n<\/div><\/div>\n<\/div><div class=\"boxed\">\n\n<\/div><div class=\"boxed\">\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n<\/div><div class=\"boxed\">\n\n<\/div><div class=\"boxed\">\n<blockquote class=\"instagram-media\" data-instgrm-permalink=\"https:\/\/www.instagram.com\/p\/CxZ-d3WogEB\/?utm_source=ig_embed&amp;utm_campaign=loading\" data-instgrm-version=\"14\" style=\" background:#FFF; 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flex-grow: 0; height: 14px; width: 60px;\"><\/div><\/div><\/div><div style=\"padding: 19% 0;\"><\/div> <div style=\"display:block; height:50px; margin:0 auto 12px; width:50px;\"><svg width=\"50px\" height=\"50px\" viewBox=\"0 0 60 60\" version=\"1.1\" xmlns=\"https:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"https:\/\/www.w3.org\/1999\/xlink\"><g stroke=\"none\" stroke-width=\"1\" fill=\"none\" fill-rule=\"evenodd\"><g transform=\"translate(-511.000000, -20.000000)\" fill=\"#000000\"><g><path d=\"M556.869,30.41 C554.814,30.41 553.148,32.076 553.148,34.131 C553.148,36.186 554.814,37.852 556.869,37.852 C558.924,37.852 560.59,36.186 560.59,34.131 C560.59,32.076 558.924,30.41 556.869,30.41 M541,60.657 C535.114,60.657 530.342,55.887 530.342,50 C530.342,44.114 535.114,39.342 541,39.342 C546.887,39.342 551.658,44.114 551.658,50 C551.658,55.887 546.887,60.657 541,60.657 M541,33.886 C532.1,33.886 524.886,41.1 524.886,50 C524.886,58.899 532.1,66.113 541,66.113 C549.9,66.113 557.115,58.899 557.115,50 C557.115,41.1 549.9,33.886 541,33.886 M565.378,62.101 C565.244,65.022 564.756,66.606 564.346,67.663 C563.803,69.06 563.154,70.057 562.106,71.106 C561.058,72.155 560.06,72.803 558.662,73.347 C557.607,73.757 556.021,74.244 553.102,74.378 C549.944,74.521 548.997,74.552 541,74.552 C533.003,74.552 532.056,74.521 528.898,74.378 C525.979,74.244 524.393,73.757 523.338,73.347 C521.94,72.803 520.942,72.155 519.894,71.106 C518.846,70.057 518.197,69.06 517.654,67.663 C517.244,66.606 516.755,65.022 516.623,62.101 C516.479,58.943 516.448,57.996 516.448,50 C516.448,42.003 516.479,41.056 516.623,37.899 C516.755,34.978 517.244,33.391 517.654,32.338 C518.197,30.938 518.846,29.942 519.894,28.894 C520.942,27.846 521.94,27.196 523.338,26.654 C524.393,26.244 525.979,25.756 528.898,25.623 C532.057,25.479 533.004,25.448 541,25.448 C548.997,25.448 549.943,25.479 553.102,25.623 C556.021,25.756 557.607,26.244 558.662,26.654 C560.06,27.196 561.058,27.846 562.106,28.894 C563.154,29.942 563.803,30.938 564.346,32.338 C564.756,33.391 565.244,34.978 565.378,37.899 C565.522,41.056 565.552,42.003 565.552,50 C565.552,57.996 565.522,58.943 565.378,62.101 M570.82,37.631 C570.674,34.438 570.167,32.258 569.425,30.349 C568.659,28.377 567.633,26.702 565.965,25.035 C564.297,23.368 562.623,22.342 560.652,21.575 C558.743,20.834 556.562,20.326 553.369,20.18 C550.169,20.033 549.148,20 541,20 C532.853,20 531.831,20.033 528.631,20.18 C525.438,20.326 523.257,20.834 521.349,21.575 C519.376,22.342 517.703,23.368 516.035,25.035 C514.368,26.702 513.342,28.377 512.574,30.349 C511.834,32.258 511.326,34.438 511.181,37.631 C511.035,40.831 511,41.851 511,50 C511,58.147 511.035,59.17 511.181,62.369 C511.326,65.562 511.834,67.743 512.574,69.651 C513.342,71.625 514.368,73.296 516.035,74.965 C517.703,76.634 519.376,77.658 521.349,78.425 C523.257,79.167 525.438,79.673 528.631,79.82 C531.831,79.965 532.853,80.001 541,80.001 C549.148,80.001 550.169,79.965 553.369,79.82 C556.562,79.673 558.743,79.167 560.652,78.425 C562.623,77.658 564.297,76.634 565.965,74.965 C567.633,73.296 568.659,71.625 569.425,69.651 C570.167,67.743 570.674,65.562 570.82,62.369 C570.966,59.17 571,58.147 571,50 C571,41.851 570.966,40.831 570.82,37.631\"><\/path><\/g><\/g><\/g><\/svg><\/div><div style=\"padding-top: 8px;\"> <div style=\" color:#3897f0; font-family:Arial,sans-serif; font-size:14px; font-style:normal; font-weight:550; line-height:18px;\">View this post on Instagram<\/div><\/div><div style=\"padding: 12.5% 0;\"><\/div> <div style=\"display: flex; flex-direction: row; margin-bottom: 14px; align-items: center;\"><div> <div style=\"background-color: #F4F4F4; border-radius: 50%; height: 12.5px; width: 12.5px; transform: translateX(0px) translateY(7px);\"><\/div> <div style=\"background-color: #F4F4F4; height: 12.5px; transform: rotate(-45deg) translateX(3px) translateY(1px); width: 12.5px; flex-grow: 0; margin-right: 14px; margin-left: 2px;\"><\/div> <div style=\"background-color: #F4F4F4; border-radius: 50%; height: 12.5px; width: 12.5px; transform: translateX(9px) translateY(-18px);\"><\/div><\/div><div style=\"margin-left: 8px;\"> <div style=\" background-color: #F4F4F4; border-radius: 50%; flex-grow: 0; height: 20px; width: 20px;\"><\/div> <div style=\" width: 0; height: 0; border-top: 2px solid transparent; border-left: 6px solid #f4f4f4; border-bottom: 2px solid transparent; transform: translateX(16px) translateY(-4px) rotate(30deg)\"><\/div><\/div><div style=\"margin-left: auto;\"> <div style=\" width: 0px; border-top: 8px solid #F4F4F4; border-right: 8px solid transparent; transform: translateY(16px);\"><\/div> <div style=\" background-color: #F4F4F4; flex-grow: 0; height: 12px; width: 16px; transform: translateY(-4px);\"><\/div> <div style=\" width: 0; height: 0; border-top: 8px solid #F4F4F4; border-left: 8px solid transparent; transform: translateY(-4px) translateX(8px);\"><\/div><\/div><\/div> <div style=\"display: flex; flex-direction: column; flex-grow: 1; justify-content: center; margin-bottom: 24px;\"> <div style=\" background-color: #F4F4F4; border-radius: 4px; flex-grow: 0; height: 14px; margin-bottom: 6px; width: 224px;\"><\/div> <div style=\" background-color: #F4F4F4; border-radius: 4px; flex-grow: 0; height: 14px; width: 144px;\"><\/div><\/div><\/a><p style=\" color:#c9c8cd; font-family:Arial,sans-serif; font-size:14px; line-height:17px; margin-bottom:0; margin-top:8px; overflow:hidden; padding:8px 0 7px; text-align:center; text-overflow:ellipsis; white-space:nowrap;\"><a href=\"https:\/\/www.instagram.com\/p\/CxZ-d3WogEB\/?utm_source=ig_embed&amp;utm_campaign=loading\" style=\" color:#c9c8cd; font-family:Arial,sans-serif; font-size:14px; font-style:normal; font-weight:normal; line-height:17px; text-decoration:none;\" target=\"_blank\" rel=\"noopener\">A post shared by Greens\/EFA-European Parliament (@greensefa)<\/a><\/p><\/div><\/blockquote> <script async=\"\" src=\"\/\/www.instagram.com\/embed.js\"><\/script>\n<\/div><div class=\"boxed\">\n\n<\/div><div class=\"boxed\">\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n<\/div><div class=\"boxed\">\n\n<\/div><div class=\"boxed\">\n<p>Sadly, even if it\u2019s common sense, not everyone is willing to prioritise the livelihoods and wellbeing of the majority. Even when the cost of living crisis and inflation rates were at their worst, a coalition of conservatives, far right and liberals voted against a call to have fair taxation systems to protect the most vulnerable during times of crises.<\/p>\n<\/div><div class=\"boxed\">\n\n<\/div><div class=\"boxed\">\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n<\/div><div class=\"boxed\">\n\n<\/div><div class=\"lazyblock-image-2uzuP5 wp-block-lazyblock-image\"><div class=\"color-def bg-orange-to-yellow skew-bg\" style=\"background-color: ;\"><\/div>\n<div class=\"boxed\">\n  <figure>\n    <div class=\"image-container\">\n      <img decoding=\"async\" src=\"https:\/\/www.greens-efa.eu\/opinions\/wp-content\/uploads\/2024\/06\/taxing-billionnaires-vote-card.png\" alt=\"\">\n      <div class=\"overlay-content\">\n        \n      <\/div>\n    <\/div>\n    <figcaption class=\"mt-1 small\"><\/figcaption>\n  <\/figure>\n<\/div><\/div><div class=\"boxed\">\n\n<\/div><div class=\"boxed\">\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n<\/div><div class=\"boxed\">\n\n<\/div><div class=\"boxed\">\n<h2 class=\"has-medium-font-size wp-block-heading\">We need fair economic rules<\/h2>\n<\/div><div class=\"boxed\">\n\n<\/div><div class=\"boxed\">\n<p>And the reason why there will continue to be a dire lack of public investment is because of the economic straitjacket the EU has put upon itself and all the national governments. Despite the clear failures of the old economic models of deficit and debt limits, the revised EU economic governance rules obey these outdated dogmas, entrenching them even further in what promises to be a harsher round of austerity than we have ever seen before.<\/p>\n<\/div><div class=\"boxed\">\n\n<\/div><div class=\"boxed\">\n<p>This happened because the greens and left were clearly outnumbered by the mainstream political groups, who, with the support of the Socialist and Democrats, had a wide majority to approve this disastrous reform, despite the warnings from economists and trade unionists about the negative impact this would have on our economies, our investment capacity, and our essential services.<\/p>\n<\/div><div class=\"boxed\">\n\n<\/div><div class=\"boxed\">\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n<\/div><div class=\"boxed\">\n\n<\/div><div class=\"lazyblock-image-6S4S0 wp-block-lazyblock-image\"><div class=\"color-def bg-orange-to-yellow skew-bg\" style=\"background-color: ;\"><\/div>\n<div class=\"boxed\">\n  <figure>\n    <div class=\"image-container\">\n      <img decoding=\"async\" src=\"https:\/\/www.greens-efa.eu\/opinions\/wp-content\/uploads\/2024\/06\/impose-austerity-votecard.png\" alt=\"\">\n      <div class=\"overlay-content\">\n        \n      <\/div>\n    <\/div>\n    <figcaption class=\"mt-1 small\"><\/figcaption>\n  <\/figure>\n<\/div><\/div><div class=\"boxed\">\n\n<\/div><div class=\"boxed\">\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n<\/div><div class=\"boxed\">\n\n<\/div><div class=\"boxed\">\n<p>Things have to change. <a href=\"https:\/\/www.greens-efa.eu\/opinions\/why-we-reject-the-new-economic-rules\/\">We need new economic rules<\/a>, ones that are fit for the future that we all deserve, ones that put people and planet at the forefront, ones that are made to last and not lurch from crisis into crisis.&nbsp;<\/p>\n<\/div><div class=\"boxed\">\n\n<\/div><div class=\"boxed\">\n<p>To achieve a fair economy we must raise our voices and stand together. We need to achieve an economy that works for us: young people, working families, small businesses. We need to build an economy that works for the people and the planet, not one that sides with billionaires and multinationals, whilst leaving everyone else unprotected.<\/p>\n<\/div><div class=\"boxed\">\n\n<\/div><div class=\"boxed\">\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n<\/div><div class=\"boxed\">\n\n<\/div><div class=\"lazyblock-border-box-ZaeqKx wp-block-lazyblock-border-box\"><div class=\"boxed\">\n  <div class=\"offset-border-bg skew\"><\/div>\n  <div class=\"content skew\">\n    <div class=\"skew-reset\">\n      \n<div class=\"boxed\">\n<h2 class=\"has-medium-font-size wp-block-heading\">This means:<\/h2>\n<\/div>\n\n<div class=\"boxed\">\n<ul class=\"wp-block-list\"><li>Taxing capital and shares at the same or higher rate than work.<\/li><li>Taxing billionaires.<\/li><li>Having more transparency so that no one can hide their wealth in tax havens.<\/li><li>Investing public money in the pillars of our societies and our public sector.<\/li><li>Investing public money to fight the climate emergency.<\/li><\/ul>\n<\/div>\n\n    <\/div>\n  <\/div>\n<\/div><\/div><div class=\"boxed\">\n\n<\/div><div class=\"lazyblock-box-ZNOG2i wp-block-lazyblock-box\"><div id=\"lazyblock-id-ZNOG2i\" class=\"boxed pull-sidebar\">\n  <div class=\"color-def content skew \" style=\"background-color: #00b400; max-width: 100%; \">\n    <div class=\"skew-reset\">\n      \n<div class=\"boxed\">\n<link href=\"https:\/\/actionnetwork.org\/css\/style-embed-whitelabel-v3.css\" rel=\"stylesheet\" type=\"text\/css\"><script src=\"https:\/\/actionnetwork.org\/widgets\/v5\/form\/stay-informed-get-the-latest-news-2?format=js&amp;source=gg\"><\/script><div id=\"can-form-area-stay-informed-get-the-latest-news-2\" style=\"width: 100%\"><!-- this div is the target for our HTML insertion --><\/div>\n<\/div>\n\n    <\/div>\n  <\/div>\n<\/div>\n<style type=\"text\/css\">\n  #lazyblock-id-ZNOG2i .content {\n\t  color: #fff;\n\t}\n<\/style><\/div>","protected":false},"excerpt":{"rendered":"<p>We must end economic inequalities and build an economy that favours workers, families and the planet over billionaires and multinationals. All it takes is the political will to put the billions at the service of the millions.<\/p>\n","protected":false},"author":8,"featured_media":8939,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"mp_greens_extranet_document_id":10426,"mp_greens_extranet_translation_id":0,"mp_greens_extranet_lang":"en","footnotes":""},"categories":[1],"tags":[],"class_list":["post-8902","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-allgemein"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>End economic inequalities<\/title>\n<meta name=\"description\" content=\"We must end economic inequalities and build an economy that favours workers, families and the planet over billionaires and multinationals.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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