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TAX THE RICH: Report Says Wealthy Must Pay Bill to Avert Social Collapse

The Club of Rome, represented by Johan Rockstrom, Director of the Potsdam Institute for Climate Impact Research, Sandrine Dixson-Decleve, Co-President of the Club of Rome, and Jorgen Randers, co-author of "Limits to Growth", from left, presents the new report "Earth For All" on concrete ways out of the climate crisis to the German Federal Press Conference in Berlin, Germany, Tuesday, Aug.30, 2022. (Wolfgang Kumm/dpa via AP)

The author of an influential report 50 years ago challenging the idea of unlimited economic growth said Tuesday that rising inequality coupled with climate change could lead to social collapse in some countries unless wholesale changes are made — paid for by the world’s richest nations.

Jørgen Randers, a Norwegian academic who co-wrote the 1972 book “Limits to Growth” published by the Club of Rome think tank, said governments are increasingly struggling to get popular support for necessary measures to tackle global warming because many current policies disproportionately burden lower income groups that are already struggling financially.

“If the decline in well-being is allowed to last long enough I expect societal breakdown in vulnerable nations and a dangerous decline in the ability of governments to handle the situation,” he told reporters in Berlin at the launch of a new study by the group, titled “Earth4All.”

With studies showing that the wealthiest 10% of humanity are responsible for about half the world’s emissions, the new report argues that it is the rich who need to step up to fix the problem.

“Unless the rich pay the bill we will not get the broad voter support for the strong collective action that is needed to increase the well-being of the global majority,” said Randers.

Johan Rockström, who heads the Potsdam Institute for Climate Impact Research and co-authored the latest report, said billions of people are already at risk from climate change worldwide, citing the current deadly floods in Pakistan. This could rapidly worsen if planetary tipping points are crossed — such as if Atlantic Ocean currents slow, he said.

Countries such as Germany, which has a high degree of economic inequality, should therefore lead the way in showing that it’s possible to shift to a low-carbon economy without hurting those who are already financially vulnerable, he said.

The report’s authors said declining prosperity is seen not just in developing countries, but across Europe and the United States as well, warning that this could spill over into frustration which might cripple governments.

Their suggestions include raising taxes on the wealthiest 10% of individuals and companies for a fund to ease extreme poverty, empower women, improve the global food system and phase out fossil fuels use.

(AP)



2 Responses

  1. Seriously? This kook is not ashamed to show his face?! And AP and YWN are not ashamed to quote him and promote him as if he were someone of importance?! The Club of Rome report from 1972 is infamous! It’s held up as the prime example of what a load of ridiculous nonsense looks like when it’s dressed up as science. It’s the counter-example in lessons on “How not to make yourself look like an idiot”. And now we’re supposed to be interested in what this clown has to say?!

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