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Redistribution of income and wealth is the transfer of income and wealth (including physical property) from some individuals to others through a social mechanism such as taxation, welfare, public services, land reform, monetary policies, confiscation, divorce or tort law. [1]
Redistributive change is a legal theory of economic justice in the context of U.S. law that promotes the recognition of poverty as a classification, like race, ethnicity, gender, and religion, that should likewise draw extra scrutiny from the courts in matters pertaining to civil rights. [1] The theory was discussed in academia in the wake of ...
Policy addresses the intent of the organization, whether government, business, professional, or voluntary. Policy is intended to affect the "real" world, by guiding the decisions that are made. Whether they are formally written or not, most organizations have identified policies. [4] Policies may be classified in many different ways.
Public policy responses addressing causes and effects of income inequality include: progressive tax incidence adjustments, strengthening social safety net provisions such as Aid to Families with Dependent Children, welfare, the food stamp program, Social Security, Medicare, and Medicaid, increasing and reforming higher education subsidies ...
Redistribution (Australia), the legal process in Australia whereby electoral boundaries are moved; Redistribution (election), the changing of political borders; Redistricting, the redistribution of political borders in the United States
In their groundbreaking 1998 study "The Paradox of Redistribution and Strategies of Equality", Walter Korpi and Joakim Palme constructed a model to test the redistributive efficiency of targeted and universal social welfare policies on reduction of poverty and income inequality. [13]
There has been discussion of whether predistribution is practical. BBC Political Correspondent Ian Watson argues that a predistributive policy might, for instance, require a business (when bidding for a government contract) to pay the living wage rather than the national minimum wage, something that might be difficult during times of austerity although Watson's argument has been countered by ...
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