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The Socialist Party stands for a fundamental transformation of the economy, focusing on production for need not profit. So-called fair trade is meaningless as long as the world economy is dominated by a few massive corporations. Only a global transformation from capitalism to democratic socialism will provide the conditions for international peace, justice, and economic cooperation based on the large-scale transfer of resources and technology from the developed to the developing countries. 1. We demand the immediate withdrawal of the United States from the North American Free Trade Agreement (NAFTA) and the Central American Free Trade Agreement (CAFTA), and oppose the creation of a widened Free Trade Area of the Americas (FTAA). 2. We call for worker and community ownership and control of corporations within the framework of a decentralized and democratically determined economic. 3. We call for a minimum wage of $15 per hour, indexed to the cost of living. 4. We call for a full employment policy. We support the provision of a livable guaranteed annual income. 5. We call for all financial and insurance institutions to be socially owned and operated by a democratically-controlled national banking authority, which should include credit unions, mutual insurance cooperatives, and cooperative state banks. In the meantime, we call for re-regulation of the banking and insurance industries. 6. We call for a steeply graduated income tax and a steeply graduated estate tax, and a maximum income of no more than ten times the minimum. We oppose regressive taxes such as payroll tax, sales tax, and property taxes. 7. We call for the restoration of the capital gains tax and luxury tax on a progressive, graduated scale. 8. We call for compensation to communities-- and compensation, re-training, and other support service for workers-- affected by plant and military base closings as stop-gap measures until we reach our goal of creating a socialist society totally separate from the global capitalist economy. 9. We oppose the International Monetary Fund, the World Bank, and the World Trade Organization as instruments of capitalist oppression throughout the world. 10. We demand cancellation of Third World debt. 11. We call for a National Pension Authority to hold the assets of private pension funds, and a levy against corporate assets for any pension fund deficits. 12. We call for increased and expanded welfare assistance and increased and expanded unemployment compensation at 100% of a worker's previous income or the minimum wage, whichever is higher, for the full period of unemployment or re-training, whichever is longer. 13. We support a program of massive federal investment in both urban and rural areas for infrastructure reconstruction and economic development. 14. We support tax benefits for renters equal to those for homeowners. 15. We call for the elimination of subsidies and tax breaks that benefit corporations and all other forms of corporate welfare.
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Socialist Party
USA 339 Lafayette St. #303 New York, NY 10012 |