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Pitch

A global fund to tackle problems of world hunger, climate change, child mortality, existential extinction events, other unknown threats


Description

Summary

There are clearly massively pressing global issues that the human species needs to address but is failing to do so through a multitude of complex factors such as political will, complexity of governance structures, vested interests, apathy, lack of understanding / disbelief.

However, The biggest single factor that would help to make progress on the threats that our species faces is MONEY.

There is huge wealth disproportionately held by a small number of individuals and each year businesses continue to generate healthy return on investments - for those same individuals.

If there was a global 1% tax on companies net earnings (over a certain size) this would generate enough money to fund a significant number of initiatives without having to navigate politics and fund raising challenges.

The Gross World Product is circa $100 trillion, assume net earnings of 10%, i.e. $10 trillion then 1% = $100 billion (annually) - a not insignificant figure if pointed at a focussed set of objectives.

The cost would as far as possible be spread evenly across those that could afford the small incremental tax increase

Challenges:

Fund administration and allocation, corruption potential, collection of money - cryptocurrency ?

Early adoption ideally by key global brands


Is this proposal for a practice or a project?

Not sure


What actions do you propose?

This idea needs ground up support by enough people to make it onto the agenda of WTO / United Nations / G20


Who will take these actions?

Everyone reading this?


Where will these actions be taken?

Globally


In addition, specify the country or countries where these actions will be taken.

No country selected


Country 2

No country selected


Country 3

No country selected


Country 4

No country selected


Country 5

No country selected


Impact/Benefits


What impact will these actions have on greenhouse gas emissions and/or adapting to climate change?

Would depend on how the fund was spent


What are other key benefits?

Whatever $100bn annually gets you!


Costs/Challenges


What are the proposal’s projected costs?

I have no idea


Timeline

Piece of string


About the author(s)


Related Proposals


References