Billionaire George Soros is well aware that all constructs are bound to have some flaw. The reason for this is that whether it is communism or free enterprise, it can still never be perfect. Thus these flaws need to be cured. All this can be achieved by using the good elements from them.George Soros believes that there must be a welfare structure that should exist at the global level. That becomes possible once collective interests appear that can transcend any state boundaries. This means that the states may be sovereign, but this needs to become subordinate in front of the international law. This means that international institutions must be made predominant here. In addition, George Soros maintains that the maximum opposition that has come to this idea is from the United States of America. George Soros maintains that the US is keen to determine policies that are applied to the whole world. Rather, America needs to start considering others besides respecting their interests too. This is something that America needs to do in order to retain the dominant position that it enjoys today.
He recommended that foreign influence must be enhanced to any matters which relate to political life in the United States. In this way, George Soros makes his stance on global governance clear. He prefers this over independent nations as they enjoy their constitutional sovereignty. He says that the current situation requires that the complex and challenging, and deep-rooted problems being faced today cannot be faced by a single country alone. These problems would require the creation of supranational laws. Next, institutions will have to be created whose authority is allowed to override any government anywhere in the world.He also maintains that taxes must be desirable in good as well as bad times. No tax cuts must be allowed by tax-makers even during a downturn. Else the recession will only go down deeper, and the situation will worsen.
The priorities of George Soros pertain to funding. He pursues this through Open Society Institute that has been founded by him. Several organizations have been funded by the Open Society Institute. They all are favoring high taxes. George Soros maintains that this is required in order to help the government to run a welfare state and expand it still further.He does not favor any proposals which lower or even remove estate tax. He says that this is not required as it will not interfere with the creation of wealth in any way. Rather, it would help to enhance social equality.George Soros is a big supporter of cap-and-trade. This is a tax based policy proposal that can help to reduce fossil fuels consumption by Americans in a big way.