Progressive Wealth Redistribution Policy
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A Progressive Wealth Redistribution Policy is an government policy intended to achieve progressive wealth redistribution (to equalize wealth distribution).
- AKA: Income Distribution.
- Context:
- It can (typically) provide provide guidelines (be a policy to) a Wealth Redistribution System.
- It can be used to adjust for a Negative Outcome of a Laissez-faire Economic Policy.
- It can (typically) reallocate wealth from Wealthier Households to Poorer Households.
- It can (typically) involve a Public Finance Policy, such as a Taxation Policy.
- Example(s):
- Counter-Example(s):
- See: Laissez-faire Economic Policy, Socialist Economic Policy.
References
2012
- http://en.wikipedia.org/wiki/Redistribution_of_income_and_wealth
- Redistribution of income and wealth or redistribution of wealth is the transfer of income, wealth or property from some individuals to others caused by a social mechanism such as taxation, monetary policies, welfare, charity, divorce or tort law.[1] The desirability and effects of redistribution are actively debated on ethical and economic grounds. The subject includes analysis of its rationales, objectives, means, and policy effectiveness.[2]
- ↑ "Redistribution". Stanford Encyclopedia of Philosophy. Stanford University. 2 July 2004. http://plato.stanford.edu/entries/redistribution/. Retrieved 13 August 2010. ""The social mechanism, such as a change in tax laws, monetary policies, or tort law, that engenders the redistribution of goods among these subjects""
- ↑ F.A. Cowell ([1987] 2008). "redistribution of income and wealth,"The New Palgrave Dictionary of Economics, 2nd Edition, TOC.
- http://en.wikipedia.org/wiki/Redistribution_%28economics%29
- QUOTE: Redistribution of wealth is the transfer of income, wealth or property from some individuals to others caused by a social mechanism such as taxation, monetary policies, welfare, nationalization, charity, divorce or tort law.[1] The desirability and effects of redistribution are actively debated on ethical and economic grounds. "All demographic groups — even those not usually associated with wealth redistribution such as Republicans and the wealthy — desired a more equal distribution of wealth than the status quo."[2]
- ↑ "Redistribution". Stanford Encyclopedia of Philosophy. Stanford University. 2 July 2004. http://plato.stanford.edu/entries/redistribution/. Retrieved 13 August 2010. ""The social mechanism, such as a change in tax laws, monetary policies, or tort law, that engenders the redistribution of goods among these subjects""
- ↑ Norton, M. I., & Ariely, D., "Building a Better America – One Wealth Quintile at a Time", Perspectives on Psychological Science, January 2011 6: 9-12
- http://singularityhub.com/2012/06/27/why-i-believe-that-this-will-be-the-most-innovative-decade-in-history/
- QUOTE: … I don’t believe that the future holds shortages and stagnation; it is more likely to be one in which we debate how we can distribute the abundance and prosperity that we’ve created. … My worry: will humanity evolve fast enough to fulfill its increasing responsibilities?