Irenaeus, Siteadmin, Check users, oversight, Administrators
351,435
edits
Changes
Jump to navigation
Jump to search
Line 1:
Line 1: + + +
Income redistribution (view source)
Revision as of 19:06, October 20, 2018
, 19:06, October 20, 2018no edit summary
'''Income redistribution''' can be either the act of an individual's voluntary [[charity|charitable]] giving or government mandated compulsory transfer of [[asset]]s and [[income]] from one group of citizens to another group.
'''Income redistribution''' can be either the act of an individual's voluntary [[charity|charitable]] giving or government mandated compulsory transfer of [[asset]]s and [[income]] from one group of citizens to another group.
In 2018, ''Business Insider'' indicated:
{{Cquote|Currently, the top 1% of people own nearly half of the world's household [[wealth]]. According to Credit Suisse's 2018 global wealth report, "the richest decile (top 10% of adults) owns 85% of global wealth, and the top percentile alone accounts for almost half of all household wealth (47%)." This is especially true in the US, which has more members of the 1% than any other country. Credit Suisse defines membership in the top 10% as having $93,170 or more in net assets, while the top 1% has $871,320.<ref>[https://www.businessinsider.com/climate-change-plan-billionaires-share-money-2018-10 A scientist who predicted a grim 'Hothouse Earth' says the world’s billionaires need to give up their money to save us], Business Insider, 2018</ref>}}
==Background==
==Background==