“The left should opt for an eco-fiscal policy, designed to dismantle rentier capitalism. It should accept that high progressive income tax is out of date. It should make clear that income and consumption taxes are mainly for public services and infrastructure, including transport, defence, housing, schools and other social needs. Beyond that, the aim should be to restructure fiscal policy as a means of common justice.”
About Guy Standing
Guy Standing is professorial research associate at SOAS University of London and honorary co-president of the Basic Income Earth Network (BIEN), an international NGO which promotes basic income. He is author of The Precariat: The New Dangerous Class (2011) and Plunder of the Commons: A Manifesto for Sharing Public Wealth (2019).