What is progressive prosperity?
Progressive Prosperity is a practical policy set that will significantly reduce extreme economic inequality and the resultant financial hardship suffered by millions everyday. It is based on the strategy of “Income for Me/Wealth for We. We each keep more of the income we earn from our work and we share more equitably the wealth we create jointly.
This is achieved by raising the minimum wage to a real living wage, cutting income taxes for lower earners combined with tax on assets, land and corporate profits.
The result is higher disposable income for lower earners, higher spending in the economy, more jobs, greater economic growth. Accumulated wealth is then invested in the nation: housing, education, health, and infrastructure. Reduced inequality will improve social outcomes and lead to a more prosperous society. Progressive prosperity causes no hardship and gives everyone a better opportunity for a fulfilled and happy life.