Redistributive
in sentence
104 examples of Redistributive in a sentence
Today’s unacceptably high inequality demands interventions to improve education and health, as well as
redistributive
taxation of the kind that Hughes recommends; but it also requires us to tolerate some income disparities to keep people and economies working.
Beyond communication, therefore, lies a genuine need for
redistributive
policies, which are fundamentally not win-win.
Emerging and advanced economies must pursue more inclusive and
redistributive
growth models, while developing countries must improve the reach and quality of public services.
For example, the
redistributive
impact of taxation and the quality of public spending in Asia, Africa, and Latin America can be significantly improved.
The typical approach to tackling inequality –
redistributive
tax-and-transfer fiscal policies – can be controversial and divisive, owing to perceived tradeoffs between economic growth and greater equality.
To be sure,
redistributive
fiscal policies often will remain necessary.
But it is a tricky business to make the state powerful enough to play its role as guardian effectively, but not so overweening as to become a
redistributive
or patronage state.
The ECB lacks the democratic legitimacy to take such far-reaching decisions, with potentially substantial
redistributive
effects, which implies an even greater risk to monetary-policy independence.
Inequality must be tackled at the root, which means that it requires an ex ante solution such as education, not strictly ex post measures such as
redistributive
taxation.
Many economists argue that the key to success on this front is to adopt
redistributive
policies, typically via the tax system.
The same exercise, which treats pensions as deferred consumption and therefore abstracts from the
redistributive
role of pensions among the older populations of the advanced economies, yields a drop of seven points in the United States and a bit more than nine points in the European Union.
Income distributions are influenced by taxation and fiscal policy, which usually have
redistributive
effects, directly and through the provision of social services and insurance.
This, in turn, requires the forced redenomination of prices, wages, and financial contracts, which can create serious disruptions, owing to heavy and asymmetrical balance-sheet effects, as well as a massive
redistributive
impact.
From there it is easy to make the leap to the position that - so long as
redistributive
taxes don't slow economic growth - when inequality rises, it is the government's duty to tax the rich and transfer money to the poor to offset the rise.
One candidate for the Senate in the recent US elections, Erskine Bowles of North Carolina (a former chief of staff to President Clinton) was judged bold and foolhardy not for proposing
redistributive
tax increases, but simply for placing a higher priority on the federal government paying for prescription medicines than on a further cut in the highest marginal tax rate.
Without migration, the
redistributive
policies on which European welfare states depend will be unable to withstand the current rate of aging.
At the same time, because the EU is both a source of wealth creation, through market integration, and of
redistributive
effects among states, through competition in that market, its decisions’ increasingly majoritarian character requires some democratic notion of distributive fairness.
Meanwhile, the European Central Bank is constrained by doubts about the legality of its “outright monetary transactions” (OMT) scheme – sovereign-bond purchases that could result in a
redistributive
fiscal policy.
As a result, their
redistributive
effects are modest.
In fact, more, better-targeted
redistributive
policies, which account for the effects of selective upward social mobility and different rates of diffusion of behavioral change, are crucial to improving health outcomes in lower socioeconomic groups.
In many OECD countries,
redistributive
policies, like tax breaks and expansion of welfare benefits, have helped reduce inequality.
Even poor whites oppose
redistributive
policies, owing to racial distrust, if not downright animosity.
But too many resources are often allocated to palliative
redistributive
measures that address the consequences of exclusion rather than its causes.
But if political leaders fail to translate promising rhetoric into more
redistributive
policies that fundamentally reshape unequal power relationships, then citizens facing life-or-death situations may ask judges to require that governments do more to help them.
Europe’s lower levels of inequality are not a consequence of more
redistributive
tax policies.
Worse, since the 1980s, effective
redistributive
fiscal mechanisms in most advanced economies have been emasculated.
And he wrote with striking frankness that, although he rejected giving up his wealth unilaterally, “I have generally voted against my own economic interests when questions of
redistributive
taxation have come up.”
Yet for all its positive implications, the post-Cold War era also upended the Western social-democratic compact: the system of safety nets, regulations, universal public services,
redistributive
tax policies, and labor-market institutions that had long protected workers and the less fortunate.
Its
redistributive
institutions and welfare-state programs could not have survived without non-elites wielding political power.
It instituted government-administered old-age and disability pensions (Social Security), unemployment benefits, and
redistributive
taxation, and adopted various anti-poverty measures.
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