. Youth seek $50M wealth tax for social safety nets
. Canvass $2 trillion digital access plan
Victor Uzoho
To mark International Youth Day (IYD), the World Economic Forum’s Global Shapers Community, today, unveiled a Youth-Driven Recovery Plan, which it describes as the world’s most geographically diverse.
This is because more than two million young people participated in the Davos, Switzerland Lab Dialogues to share their views on what will become the next normal for society, government and business.
In its assessment of the dialogues, WEF declared that “Overall, they (youth) hold more faith in governance by robots than humans and view corruption, climate change and stale political leadership as the most urgent risks.”
They therefore called for a $50 million global wealth tax to protect social safety nets, and ambitious plans to digitally connect the world by 2025, through a $2 trillion digital access plan to close the gap, especially in a socially distancing world that increasingly relies on virtual interactions.
About 40 policy recommendations were created from the surveys to help policy-makers integrate the voices of young people and shape a more equal future.
The Recovery Plan also calls for stricter environmental policies, financial safeguards, increased access to technology and investment in programmes to support more young people getting into politics.
These ideas from future global leaders are poised to become the “next normal”, which were collated through youth surveys and workshops in 150 cities and over 180 countries.
“The idea that we need to rebuild differently after COVID-19 is widely shared. We need a society, economy and international community designed to care for all people, especially youth, who are the most important and most affected part of our global future. They are also the people who have the most innovative ideas and energy to shape a better world,” said Wadia Ait Hamza, Head of the Global Shapers Community.
Plan highlights
In line with the United Nations Intergovernmental Panel on Climate Change (UN IPCC) Report, the youth want to see a halt on all new coal, oil and gas exploration and development to limit global warming to the 1.5°C limit set out in the Paris Agreement.
They also call on financial institutions to avoid bankrolling or underwriting companies that seek to start new fossil-fuel exploration and development, and on firms to actively replace corporate board directors who are unwilling to wind down fossil fuels or transition to green energy sources.
They are extremely worried about their financial future, and the social safety nets would help to avoid austerity measures that disproportionately burden youth and the working poor.
Almost half of the young people surveyed said they feel inadequately skilled and close to a quarter said they would risk falling into debt if faced with an unexpected medical expense.
Young people champion an open internet but are concerned about misuse. Half of the world’s population still lacks access to the web and many contend with internet blackouts.
Young people believe we have a serious crisis in politics. They believe that the fractures that have come to bear in society are manifestations of an underlying political problem. Concerns about corruption and stale political leadership have become urgent priorities for young people if they are to keep faith in the political system. The survey found that young people would be more likely to trust a system run by artificial intelligence than humans.
To fix the problem, they call for greater investment in programmes that help young progressive voices join the government and become influential policymakers.
The idea that we need to rebuild differently after COVID-19 is widely shared. We need a society, economy and international community designed to care for all people, especially youth, who are the most important and most affected part of our global future.
The Davos Lab Survey shows that physical safety ranks as the greatest safety concern among young people, a potential function of the increased use of surveillance technology and militarized policing against activists and people of colour.
Recommendations
To turn these recommendations into realities, dialogues were run by participants on what youth activism could look like. They created principles to guide their actions and activism for a more inclusive post-pandemic future. The culmination of these dialogues is presented in a Millennial Manifesto.
The Millennial Manifesto is the world’s first attempt at redefining the parameters and efficacy of youth activism in a post-COVID world marked by greater examples of systemic inequalities.
“As uprooting systemic problems are particularly difficult for young people wrestling with challenges related to experience and credibility, this Millennial Manifesto acts as a guide providing timeless principles to sharpen their activism,” Hamza said.
The Youth Recovery Plan is an initiative of the WEF Global Shapers Community, a network created to ensure that the next generation – people between the ages of 20 and 30 – are empowered to help shape our common future. They are active in more than 450 cities in 150 countries around the world, and together they implement local and global projects to improve the state of the world.
