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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]
The Alliance for Progress saw the start of long-range reform, with some improvements in land use and distribution, slightly improved tax laws and administration, the submission of detailed development programmes to the OAS, the creation of central planning agencies, and greater local efforts to provide housing, education, and financial ...
Contemporary examples include attempts to deprive people of land in places like Nandigram in India and eMacambini in South Africa. Privatization is the process of transferring public assets from the state to the private companies. Productive assets include natural resources, such as earth, forest, water, and air.
Land reform may consist of a government-initiated or government-backed property redistribution, generally of agricultural land.Land reform can, therefore, refer to transfer of ownership from the more powerful to the less powerful, such as from a relatively small number of wealthy or noble owners with extensive land holdings (e.g., plantations, large ranches, or agribusiness plots) to ...
Land in Bolivia was unequally distributed – 92% of the cultivable land was held by large estates – until the Bolivian national revolution in 1952. Then, the Revolutionary Nationalist Movement government abolished forced peasantry labor and established a program of expropriation and distribution of the rural property of the traditional landlords to the indigenous peasants.
In the framework of American federalism, states generally have wide latitude to enact policies within their borders, including state taxation and labor laws.Among the factors that may increase inequality in a state are regressive state tax policies [2] (taxation has played a growing role in diminishing inequality since the 1980s), [3] tax incentives for large companies, [4] corruption, [5 ...
In economics, distribution is the way total output, income, or wealth is distributed among individuals or among the factors of production (such as labour, land, and capital). [1] In general theory and in for example the U.S. National Income and Product Accounts , each unit of output corresponds to a unit of income.
In economics, land comprises all naturally occurring resources as well as geographic land. Examples include particular geographical locations , mineral deposits , forests, fish stocks, atmospheric quality, geostationary orbits , and portions of the electromagnetic spectrum .