shirabe.org
#143,456
Meaning
  1. 1
    English · JMdict
    redistribution of wealth
  2. 2
    English · Wikipedia

    Redistribution of income and redistribution of wealth are respectively the transfer of income and of wealth (including physical property) from some individuals to others by means of a social mechanism such as taxation, charity, welfare, public services, land reform, monetary policies, confiscation, divorce or tort law. The term typically refers to redistribution on an economy-wide basis rather than between selected individuals, and it always refers to redistributions from those who have more to those who have less. Redistribution tax policy should not be confused with predistribution of wealth, where the lower and middle classes pay higher net effective tax percentage rates, as the elite pay regressive tax rates. Itemized deductions, often called tax loopholes, tend to perpetuate predistrubution preferences in lieu of implementing a neutral tax system, such as a flat tax. Many alternate taxation proposals have been floated without the political will to alter the status quo. The proposed "Buffett Rule" is a hybrid taxation model, a compromise of opposing systems, intended to minimize the favoritism of the special interest tax design. The effects of a redistribution system are actively debated on ethical and economic grounds. The subject includes analysis of its rationales, objectives, means, and policy effectiveness. A 2003 survey among 264 members of the American Economic Association found that 71.2% of them support redistribution, while 20.4% oppose it, and 7.2% had mixed feelings.

    Read full article on Wikipedia · CC-BY-SA

Forms
Save this word to start reviewing it with spaced repetition. Save word

Grammar codex

What the coloured tags mean

Hiragana

ひらがな

The rounded, flowing kana. Hiragana writes native Japanese words, grammar endings, and anything without (or alongside) kanji — it's the first script you learn. Each character stands for one syllable.

Example

ねこ — cat