Global resources dividend

The global resources dividend (GRD) is a method of tackling global poverty advanced by the philosopher Thomas Pogge. He presents it as an alternative to the current global economic order. Under the scheme nations would pay a dividend (tax) on any resources that they use or sell, resulting in a sort of "tax on consumption" Pogge's scheme is motivated by the positive duty to alleviate poverty, but also on the negative responsibility of the rich not to use institutions that perpetuate economic inequality. Pogge estimates that a dividend of just 1% could raise $300 billion each year; this would equal $250 for each individual in the worlds poorest quintile.

Global resources dividend

The global resources dividend (GRD) is a method of tackling global poverty advanced by the philosopher Thomas Pogge. He presents it as an alternative to the current global economic order. Under the scheme nations would pay a dividend (tax) on any resources that they use or sell, resulting in a sort of "tax on consumption" Pogge's scheme is motivated by the positive duty to alleviate poverty, but also on the negative responsibility of the rich not to use institutions that perpetuate economic inequality. Pogge estimates that a dividend of just 1% could raise $300 billion each year; this would equal $250 for each individual in the worlds poorest quintile.