Posted on 10/05/2021 8:12:27 AM PDT by Oldeconomybuyer
PARIS (AP) — U.S. Secretary of State Antony Blinken called Tuesday on the world’s most developed countries to take on and counter widening gaps between the rich and poor.
He told the Organization for Economic Cooperation and Development in Paris that the coronavirus and climate change have exacerbated inequality between and within nations and that action must be taken to reverse the trend.
In addition to tackling those two threats, he told an OECD conference on climate and security that curbing corporate tax avoidance and ending discrimination against women and minorities are critical to improving global living conditions.
Blinken said the Biden administration is committed to addressing the root causes of inequity and inequality. His comments came as President Joe Biden is struggling to win congressional approval of major initiatives aimed at doing that.
“The data are crystal clear: both the pandemic and the climate crisis are hitting underserved populations in our societies hardest,” Blinken said. He urged members of the OECD, which was spawned from the post-WWII Marshall Plan that rebuilt much of war-ravaged Europe, to look at their own culpability for the situation.
To combat that, he said establishing a global corporate minimum tax rate would “avoid a self-defeating race to the bottom” that has arisen with countries competing to offer the lowest tax rates, which in turn has enabled large corporations “to avoid paying their fair share.”
That, Blinken said, would potentially restore an estimated $100 billion to $240 billion in lost revenue to government coffers yearly that could be invested in education, health care and environmentally friendly infrastructure.
(Excerpt) Read more at apnews.com ...
This guy couldn’t rally a Girl Scout troop to sell cookies.
Some folks are mental giants. Some are giant mentals.
Wait. Inequality or inequity? Hard to keep from getting corn fused these days.
yeah the US and Europe has been doing this nonsense since the end of WW2. Despite trillions of dollars wasted, we suppose to do more of it.
These Leftist clowns utterly refuse to ever learn everything. It political dogma uber alles with them always.
Handouts do not work. Investments do but to these clowns, investing is “neo colonialism”.
China, however, has no such intellectually infantile pretensions governing their actions.
Makes me think of all those woke companies, using slave labor to produce their product and make huge profits, while paying their executive staff millions upon millions.
I wonder if a few of those organizations are getting just the smallest bit uncomfortable contemplating the communist alligator coming to eat them? It may not be today, but eventually a “true believer” won’t be satisfied with the cozy relationship between Dems and big business.
Inequality........ God forbid that anyone should have more than anyone else, except them, of course............
He’s a communist.
I love the way these bleeding heart elitists always promote the redistribution of OTHER people’s wealth, while they shelter and guard their own.
Idiots are as idiots do.
Problem is, the Democrats have an unbreakable monopoly on the species.
All the disparate crises that the world has faced over the past 70 years apparently have the same root cause: the American Middle Class. Weakening and destroying it seems to be the single path to Paradise.
Blinken rallies no one. The AP wishes..
Partisan Media Shill alert.
It’s unfair that some of the peasants aren’t as miserable as the others.
Equal misery for all!
https://www.youtube.com/watch?v=wOC_dcuJO48
Song about ‘Winken Blinken’... Skip the first few Hannity minutes to get to the song...
If the “developing world” has a single brain cell between them, there is no way they will believe such a *goniff*.
The more the elites talk about inequality, the greater the gap gets between rich and poor.
This is _not_ a coincidence.
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