income redistribution

(redirected from Wealth redistribution)

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 ?
If one thinks of education this way, of putting monetary value on educational investments, the first overall impact to document would be the wealth redistribution it is causing across the world.
He maintained that deepening of Nigeria's capital market will enhance wealth redistribution and deliberately allow it to trickle down to the ordinary people as against the practice where multinational corporations repatriate their profits 100 percent to their own countries without investing a dime back to the Nigerian economy.
Bergamini added in a statement to the media at the headquarters of the EU delegation in Tunis "the Tunisian government's commitments are there for more tax efficiency, better economic efficiency for the benefit of growth and wealth redistribution.
I'm afraid that the internet scams have become the new channel for wealth redistribution from the East to West.
Sachs noted, greater investment in education, and more effective wealth redistribution strategies, are the key areas that Indonesia's government must focus on.
The two main endowments for redistribution are wealth and education: wealth redistribution in the form of inheritance tax and distribution of corporate shares to workers; and redistribution of education in the form of equal access to the best schools and the equalization of the quality of education across schools.
com)-- Azim Nakhooda, a founding partner and principal of Cedar Brook Group, one of the region's largest independent wealth management firms, analyzed data regarding the concept of wealth redistribution and suggests it's bad for Americans.
Those who defend government planning and wealth redistribution always insist that their failures are due either to inexpert planners or to sabotage by their political foes.
Neither could he expect much from the big funders, wary as they are of the Left's agenda for wealth redistribution and social justice.
Thanks to investments in social programs and wealth redistribution policies over the past 15 years, approximately 72 million Latin Americans were lifted out of poverty and a further 94 million moved into the middle class, Telesur reported.
A third reason for Germany's opposition to the TTIP is that the country is already engaged in a battle for wealth redistribution.
tax system is progressive, those overcharges result in progressive wealth redistribution (at least on the payer side).