spotCampaigns

spotOrganisations

triangleArguments for socialism

spotPeople

spotInternational

spotEvents

spotAround the UK


All keywords


All Arguments for socialism subcategories:

* Arguments for socialism

Capitalism

Globalisation Anticapitalism

Marxism


Arguments for socialism keywords:

Banking crisis (15)

Banks (291)

Clause 4 (1)

Clause four (6)

Consciousness (11)

Democracy (190)

Minimum wage (312)

Nationalisation (206)

New workers parrty (6)

Northern Rock (34)

Party funding (1)

Photographs (4)

Planning (86)

Podcasts (5)

Socialism 2007 (17)

Socialism 2008 (13)

Solidarity Scotland (1)

Solidarity (390)

The Socialist (1184)

Them & Us (25)

Trade union organisation (7)

Vaccine (16)

What we saw (38)

Workers (1914)

Workers press (1)

Working class (854)

Nationalise


Highlight keywords  |Print this articlePrint this article
From: The Socialist issue 1129, 14 April 2021: Time to fight back! Vote socialist on 6 May

Search site for keywords: Rich - Tax - Nationalise - Wealth - Global - Capitalist

How to deal with the tax-dodging mega-rich? Nationalise!

Photos: reynermedia, Steve Jurvetson, Scott Lewis, all CC

Photos: reynermedia, Steve Jurvetson, Scott Lewis, all CC   (Click to enlarge)

Amy Sage, Bristol north Socialist Party

Global media company Forbes recently published its 'World's Billionaires List'. When compared with Unicef's prediction that 140 million children will fall below the poverty line as a result of the pandemic, the global inequality it reveals is beyond staggering.

While millions have been pushed into poverty and destitution, the likes of corporate bosses Jeff Bezos, Elon Musk and Mark Zuckerberg have seen their personal wealth surge over the past year - adding $5 trillion to their bulging pockets.

And it's not only the wealth of those existing billionaires that has expanded, the list itself has grown by nearly 500.

The capitalist media like to venerate these people, describing those such as anti-union Amazon boss Bezos as 'innovative' or as a 'good business man', while ignoring the fact that delivery drivers for his own company were being forced to urinate into plastic bottles because of pressure to meet deadlines.

What Forbes doesn't mention is the millions of workers who are exploited by these so-called 'self-made' billionaires in order to allow the latter to achieve their obscene levels of wealth, some of which are comparable to the wealth of entire countries!

Capitalist politicians, perhaps afraid that such stark inequality may spark anger among the working class, threatening their position, have responded with no more than token efforts to redistribute wealth.

US president Joe Biden, for instance, has proposed a global minimum tax which would end the '30-year race to the bottom on corporate tax rates' and help fund basic services and investment through increased tax revenues.

This proposal would be targeted at the largest and most profitable 100 companies in the world in an attempt to stop them from shifting their profits to low-tax countries, regardless of where their sales are actually made.

But even if a global tax rate were introduced, it would not be nearly enough to address the inequalities that have been highlighted and exacerbated by the coronavirus.

What we really need is these mega-corporations to be fully nationalised and brought under the democratic control of the working class, so that those who actually produce these enormous levels of wealth decide what should be done with it.

Just imagine what could be achieved for all if the wealth of the mega-rich on the Forbes' list was in our control!

Donate to the Socialist Party

Finance appeal

The coronavirus crisis has laid bare the class character of society in numerous ways. It is making clear to many that it is the working class that keeps society running, not the CEOs of major corporations.

The results of austerity have been graphically demonstrated as public services strain to cope with the crisis.

The government has now ripped up its 'austerity' mantra and turned to policies that not long ago were denounced as socialist. But after the corona crisis, it will try to make the working class pay for it, by trying to claw back what has been given.

  • The Socialist Party's material is more vital than ever, so we can continue to report from workers who are fighting for better health and safety measures, against layoffs, for adequate staffing levels, etc.
  • When the health crisis subsides, we must be ready for the stormy events ahead and the need to arm workers' movements with a socialist programme - one which puts the health and needs of humanity before the profits of a few.
Inevitably, during the crisis we have not been able to sell the Socialist and raise funds in the ways we normally would.
We therefore urgently appeal to all our viewers to donate to our Fighting Fund.

Please donate here.

All payments are made through a secure server.

My donation

 

Your message: 

 







Join the Socialist Party
Subscribe to Socialist Party publications
Donate to the Socialist Party
Socialist Party Facebook page
Socialist Party on Twitter
Visit us on Youtube

LATEST POSTS

CONTACT US

Phone our national office on 020 8988 8777

Email: [email protected]

Locate your nearest Socialist Party branch Text your name and postcode to 07761 818 206

Regional Socialist Party organisers:

Eastern: 079 8202 1969

East Mids: 077 3797 8057

London: 075 4018 9052

North East: 078 4114 4890

North West 079 5437 6096

South West: 077 5979 6478

Southern: 078 3368 1910

Wales: 079 3539 1947

West Mids: 024 7655 5620

Yorkshire: 078 0983 9793

ABOUT US

ARCHIVE

Alphabetical listing


June 2021

May 2021

April 2021

March 2021

February 2021

January 2021

2020

2019

2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

1999