“The capture of our global economy by a privileged few has reached heights once considered unimaginable. The failure to stop billionaires is now spawning soon-to-be trillionaires. Not only has the rate of billionaire wealth accumulation accelerated —by three times— but so too has their power."
— Jim Clarken, Oxfam Ireland CEO
Oxfam Ireland is urging the next Government to:
We propose a flat rate of 1.5% on all net wealth above €4.6 million or a progressive tax of 2% on net wealth above €4.6 million, 3% on net wealth above €46 million and 5% on wealth above €923 million. Oxfam estimates that such a tax, if fully implemented, could yield between €4 - 9 billion a year for the Irish exchequer.
Lead efforts for a more multilateral world by advocating for debt cancellation, democratisation of international institutions like the UN, the World Bank and the IMF and regulate corporations to ensure living wages and fair-trade practices.
Commit to climate justice by ramping up our domestic climate action and providing greater financial support for countries in the global south experiencing climate breakdown and related hunger and conflict.
“The capture of our global economy by a privileged few has reached heights once considered unimaginable. The failure to stop billionaires is now spawning soon-to-be trillionaires. Not only has the rate of billionaire wealth accumulation accelerated —by three times— but so too has their power."
