Difference between revisions of "Income Redistribution"

Latest revision as of 20:52, November 17, 2008

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Income redistribution

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-'''Income redistribution''' can be either the act of an individual's voluntary [[charitable]] giving or government mandated  compulsory transfer of [[asset]]s and [[income]] from one group of citizens to another group.
+#REDIRECT [[Income redistribution]]
-Most [[conservative]]s accept and advocate voluntary charitable giving as necessary to alleviate social problems, and believe government should not interfere, but rather should encourage personal involvement and personal giving to the underprivileged, elderly, disabled, and other hardship cases.  Also, many conservatives view some forms of government mandatory compulsory giving as an impingement on personal rights, unjust expropriation of property, fosters irresponsible social conduct and a disincentive for personal involvement to alleviate social problems.
-[[Liberal]]s generally support income redistribution based on their belief that individual charitable giving cannot be relied upon and tends to advocate some degree of compulsory redistribution of resources as necessary.
-Examples of government programs performing compulsory income redistribution include [[welfare]] and [[progressive taxation]]. There is strong evidence that increased redistribution of wealth results in better outcomes for health, happiness and crime - as for instance in the Scandinavian countries, which have highly progressive tax regimes. Professor Richard Layard has argued that "in societies where income differences between rich and poor are smaller, the statistics show not only that community life is stronger and people are much more likely to trust each other; but also there is less violence – including substantially lower homicide rates – health is better and life expectancy several years longer, prison populations are smaller; birth rates among teenagers are lower, levels of educational attainment among school children tend to be higher; and there is more social mobility. In all cases, where income differences are narrower, outcomes are better."[http://www.epolitix.com/EN/MPWebsites/Clare+Short/d3785575-2c3d-4112-8234-a56172981f30.htm]
-==External Links==
-*[http://www.independent.org/newsroom/article.asp?id=1155 Nineteen Neglected Consequences of Income Redistribution], Robert Higgs, ''The Independent Institute'', December 5, 1994
-*[http://www.cato.org/pubs/journal/cj1n2/cj1n2-2.pdf Taxation and Income Redistribution: An Unsympathetic Critique of Practice and Theory], Richard B. McKenzie, ''The CATO Journal'', Accessed December 24, 2007
-[[Category:Economics]]

Difference between revisions of "Income Redistribution"

Latest revision as of 20:52, November 17, 2008

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