Public policies shape the distribution of wealth from "summary" of The Economics of Poverty and Discrimination by Bradley R. Schiller
Public policies play a critical role in shaping the distribution of wealth within a society. These policies can have a significant impact on how resources are allocated among different individuals and groups, ultimately influencing the overall level of economic inequality.
One way in which public policies influence the distribution of wealth is through the tax system. Tax policies determine how much individuals and businesses are required to contribute to government coffers, which in turn affects how much disposable income they have available for consumption or investment. Progressive tax systems, for example, impose higher tax rates on those with higher incomes, redistributing wealth from the rich to the poor.
In addition to taxes, government spending programs also play a key role in shaping the distributio...
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