A report by a group of international leftist economists calling for an end to global growth was part-funded by the British taxpayer. Of course it was…
Thomas Piketty, increasingly deranged ‘inequality economist’ and darling of social democrats everywhere, penned The Global Justice Report this month which called for GDP per capita in wealthy countries to be capped at roughly $69,000, far below America’s current $94,430 but ironically above Britain’s $61,006. It also called for a global wealth tax, an international three-day work week and reduce construction activity by 70% manufacturing by 87& and leisure-sector activity by 58%…
The report and its many authors were funded by the World Inequality Lab, which receives funding from UK Research and Innovation’s Economic and Social Research Council (up to 4%). It is also part-funded by the United Nations Development Programme, to which the British taxpayer is a contributor…
A World Inequality Lab report prior to that one calls for a global tax on the carbon held in all private assets and a ban on any investment at all in fossil fuels. Piketty’s effort is meanwhile receiving the heavy PR treatment in the Guardian and so on. Chainsaw…
Speaking at his speech on how to achieve “progressive capitalism” Wes Streeting fired a dig and Andy Burnham:
“Bond markets are not bond villains and fiscal rules matter.”