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 ?
It's called income redistribution and it would represent a major assault against poverty.
Within the context of the English system the NSA has highlighted to the Secretary of State the considerable income redistribution that will occur in the uplands.
Simultaneously balancing environmental goals with income redistribution is a difficult and often contradictory task that requires an appreciation for small victories, alongside a critical view of the big picture of food security.
As more people become the "owners" of their capital assets--through personal savings and hands-on investing in stocks and bonds--their views on such issues as taxation, government regulations, and income redistribution will differ from those living from paycheck to paycheck.
This means there is a very important role for academic research in trying to evaluate rigorously the plethora of income redistribution programs that currently exist in Europe, improve their design, reform the wasteful ones and promote those that are cost-effective.
Traditional liberal or social democratic policies have proved inadequate to deal with this transformation, relying as they do on heavy-handed state regulation, excessive state spending, and inefficient income redistribution policies (see Anthony Giddens's seminal 1999 book The Third Way: The Renewal of Social Democracy for perhaps the best--if at times maddeningly vague--statement of this case).
Income redistribution is important (I never said it wasn't), but the inequalities of capitalism are multidimensional, and it is a mistake for the Left to reduce it all to income.
Despite his explicit request that the book not be read as a plea for more income redistribution, it is hard to read it as anything else.
Their suggested solutions include community unionism with income redistribution as the goal; socialization of the economic surplus, which involves redistribution by means other than wage income and welfare (Guy Standing); amendments to pay equity and labor legislation to assist part-time and female workers (Patricia McDermott); and the right to not work, including such measures as sabbaticals, early retirement, time banks, and job sharing (Guy Standing; Armine Yalnizyan).
minimum taxes and income redistribution. We have to decide how much more investment we need and then decide how we're going to pay for it.
The results show that income redistribution in favour of the low-income households would increase the demand for basic necessities like wheat, pulses, edible oils, etc., while the demand for certain other commodities would decrease.
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.