George Soros is the view that all our constructs have some flaw or another. Hence communism, as well as free enterprise, is deficient. But these flaws can be cured by taking a few elements from the other one.
He is looking at a global welfare structure. There need to be collective interests which should transcend all state boundaries. This way the sovereignty of states will get subordinated under the realms of international law as well as other international institutions. He also noticed that the greatest opposition coming to this idea is from the United States of America.
George Soros knows that the United States is basically determining the policies for the world. This is where American leadership has to take into account others as well by respecting their interests too. This is the only way to retain the dominant position that is currently being enjoyed by America. Read his profile at Forbes.
George Soros calls for an increase in foreign influence in various matters of American political life. He believes in a concept of global governance rather than the constitutional sovereignty of various independent nations. This is required as the problems of the world are too challenging, complex as well as deep-rooted. Hence any single country cannot address these effectively on its own. There has to be a set of supranational laws as well as institutions. The authority of these has to override any particular government.
George Soros believes that taxes must be inherently desirable during good times as well as bad times. Even during a prolonged downturn, lawmakers should not allow for tax cuts as that would only make the recession deepen still further. He is consistent with his funding priorities that he has been pursuing through his Open Society Institute. The organizations that are bankrolled by Open Society Institute favor high taxes in order to help a government-run welfare state to expand still further.
Soros is against any proposals to lower or even do away with the estate tax as it is not interfering with the creation of wealth. Besides, it helps to enhance social equality.
George Soros is an avid supporter of cap-and-trade. This is a tax based policy proposal that will reduce Americans’ consumption of fossil fuels like coal, oil, as well as natural gas. This would boost the nation’s transition towards alternate forms of energy like wind power and solar power. Under these cap-and-trade regulations, those companies would be subject to taxes that exceed their limit for CO2 emissions as specified by the government.
George Soros is following his concepts through Open Society Institute. These are aimed at democracies that are accountable to their citizens. They have to be based on a principle of global justice for all, anywhere in the world!
Visit his profile on twitter.com.