The Biden administration has pushed for a global minimum corporate tax. This is a good step toward ending the race to the bottom. But we must think even bigger: a global minimum wage, which would strengthen the rights of workers around the world, providing millions more with the chance for a decent, dignified life and diminishing the ability of multinational corporations to exploit the world’s neediest populations. To help poor countries raise their living standards as they integrate into the global economy, the United States and other rich countries should significantly increase their investments in sustainable development. For the American people to thrive, others around the world need to believe that the United States is their ally and that their successes are our successes. Biden is doing exactly the right thing by providing $4 billion in support for the global vaccine initiative known as COVAX, by sharing 500 million vaccine doses with the world, and by backing a WTO intellectual property waiver that would enable poorer countries to produce vaccines themselves. China deserves acknowledgment for the steps it has taken to provide vaccines, but the United States can do even more. When people around the world see the American flag, it should be attached to packages of lifesaving aid, not drones and bombs. Creating true security and prosperity for working people in the United States and China alike demands building a more equitable global system that prioritizes human needs over corporate greed and militarism. In the United States, handing billions more in taxpayer dollars to corporations and the Pentagon while inflaming bigotry will not serve these goals.

What It Means

This is a placeholder explanation generated by the low-overhead model. It interprets "The Biden administration has pushed for a global minimum corporate tax. This is a good step toward ending the race to the bottom. But we must think even bigger: a global minimum wage, which would strengthen the rights of workers around the world, providing millions more with the chance for a decent, dignified life and diminishing the ability of multinational corporations to exploit the world’s neediest populations. To help poor countries raise their living standards as they integrate into the global economy, the United States and other rich countries should significantly increase their investments in sustainable development. For the American people to thrive, others around the world need to believe that the United States is their ally and that their successes are our successes. Biden is doing exactly the right thing by providing $4 billion in support for the global vaccine initiative known as COVAX, by sharing 500 million vaccine doses with the world, and by backing a WTO intellectual property waiver that would enable poorer countries to produce vaccines themselves. China deserves acknowledgment for the steps it has taken to provide vaccines, but the United States can do even more. When people around the world see the American flag, it should be attached to packages of lifesaving aid, not drones and bombs. Creating true security and prosperity for working people in the United States and China alike demands building a more equitable global system that prioritizes human needs over corporate greed and militarism. In the United States, handing billions more in taxpayer dollars to corporations and the Pentagon while inflaming bigotry will not serve these goals." in the context of "" to mean that wisdom is timeless.