income redistribution


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income redistribution

a policy concerned with altering the pattern of the PERSONAL DISTRIBUTION OF INCOME in an economy, mainly with social rather than economic objectives in mind. The general aim of such a policy is to achieve a more equitable distribution of income as between the various sections of the community so as to ensure that everybody is provided with some minimum STANDARD OF LIVING. The transfer of income from one section of the community to another is achieved primarily by the use of a PROGRESSIVE TAXATION system and a variety of welfare provisions (subsidized housing, old age pensions, etc).

See ABILITY-TO-PAY PRINCIPLE OF TAXATION, REDISTRIBUTION-OF-INCOME PRINCIPLE OF TAXATION, WEALTH TAX.

References in periodicals archive ?
The effects of taxes on income redistribution, growth, stability, and allocation of resources are way beyond their concerns.
we need an income redistribution policy to define how the total cost can be shared.
This finding implies that, under the conditions analyzed in this problem, there is no reason to restrict income redistribution objectives to the federal government.
What if market-fundamentalist politics specifically prohibits the income redistribution or regional, industrial and education subsidies that could compensate those who suffer from free trade and labor-market "flexibility"?
What if market-fundamentalist politics specifically prohibits the income redistribution or regional, industrial, and education subsidies that could compensate those who suffer from free trade and labour-market "flexibility"?
Andersson said health care and education, regardless of wealth, are the keys to a successful economy, noting income redistribution can render populist movements ineffective.
9) Meltzer and Richard argue that the higher taxes used to finance income redistribution have the effect of reducing work effort and that, in an economy in which individuals differ in productivity, those higher taxes yield greater inequality.
Most of all, the anti-tax activists have objected to the welfare state: the income redistribution that results when taxes on the rich finance social policies for the poor.
In a study published in the January issue of AJPH, researchers used life tables to look at coefficients of longevity in equality for all people, as well as for those who survived to be at least 10 years old, with market income inequality and income redistribution.
The net result will almost certainly fast-track global growth, as the beneficiaries of this huge income redistribution are mostly lower- and middle-class families that spend all they earn.
The results show that income redistribution with zakat does not hold back economic growth.
But the role of the Government should be to intervene in the market as a regulator and work towards income redistribution in order to have an impact on reducing poverty," Kalonji said.