And nearly everyone agrees that the answer to more mobility is education, not income redistribution.
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Accepting income redistribution in principle still leaves many questions about how it should work in practice.
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It spends a lot on income redistribution, so poverty is low and income compressed.
This would convert what was meant to be a pension insurance program into an overt income redistribution program.
This issue is back in the headlines this week as the government unveiled a long-delayed income redistribution plan.
Democracies tend to evolve two political parties, a party of economic growth and a party of income redistribution.
But even on purely economic grounds, death taxes are spectacular failures as revenue raisers or a tool of income redistribution.
If the American electorate decides that income redistribution is the best that is available during an election season, they will vote Democrat.
The Republican Party will either deliver economic growth, or the electorate will turn to the Democrats for income redistribution to ease the pain.
Only a few can be net beneficiaries of income redistribution.
Instead, it is the much more Machiavellian question of how to build a case for income redistribution, which is altogether the wrong question to be asking in a free society.
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Capitalist development, not income redistribution, brought that change.
If not, they will vote for income redistribution, in an effort to assure that everyone survives so that they can enjoy the fruits of economic growth, if and when political leaders emerge who understand how to produce it.
More importantly, continued policy focus on income redistribution perpetuates the idea that income inequality is the root of middle class economic problems, rather than the effect, allowing for the continued avoidance of the deep-rooted structural issues in the U.S. economy.
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Secondly, this market income number does not include the income redistribution that is already done in the US. Sure, this is much less than in mahy other countries but adding Medicaid, Section 8, SNAP, the EITC, together we get to what, 5-7% of GDP or so?
Income-redistribution programs that became widespread in the 1960s and 1970s had a much smaller influence than market forces.
This theory explains some cross-country differences, but it would also predict increased support for redistribution as income inequality widens.
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Globalisation is causing the biggest shift in relative prices (of labour, capital, commodities and goods) for a century, and this in turn is causing a significant redistribution of income.
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The result will be a dramatic redistribution of income, a rapid erosion of the West's relative economic clout and, for many Western citizens, an end to the cosy expectations of ever rising living standards.
He finds that the redistribution of both income and employment (through shorter working hours) is essential to the project.
Welfare programmes and redistribution of land and income have brought him fervent support among poorer voters but alienated wealthier Venezuelans.
While a bucket strategy may be more time intensive, it may also structure a regular retirement income plan check-up through the redistribution.
Its authors note that those near but not at the bottom of the income distribution are often deeply ambivalent about greater redistribution.
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Most of the people making the argument against income inequality are folks who were in favor of greater redistribution before the crisis, folks who see a moral argument for greater equity irrespective of the economics, and for whom the economics is just a new arrow in the quiver.
Poverty is not merely a matter of minimum income thresholds or insufficient resources, nor must it be remedied only through charity or wealth redistribution schemes.
The U.S. and Sweden, countries with very different systems of redistribution, along with the U.K. and Canada show the largest increase in the share of income for the top 1%.
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