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Redistribution Of Income And Wealth
Redistribution of income and wealth is the transfer of income and wealth (including physical property) from some individuals to others through a social mechanism such as taxation, 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. Interpretations of the phrase vary, depending on personal perspectives, political ideologies and the selective use of statistics. It is frequently used in politics, where it is used to refer to perceived redistribution from those who have more to those who have less. Occasionally, however, the term is used to describe laws or policies that cause redistribution in the opposite direction, from the poor to the rich. The phrase is often coupled with the term ''class warfare'', with high-income earners and the wealthy portrayed as victims of unfairness and discrimination. Redistribution tax policy sho ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Income
Income is the consumption and saving opportunity gained by an entity within a specified timeframe, which is generally expressed in monetary terms. Income is difficult to define conceptually and the definition may be different across fields. For example, a person's income in an economic sense may be different from their income as defined by law. An extremely important definition of income is Haig–Simons income, which defines income as ''Consumption + Change in net worth'' and is widely used in economics. For households and individuals in the United States, income is defined by tax law as a sum that includes any wage, salary, profit, interest payment, rent, or other form of earnings received in a calendar year.Case, K. & Fair, R. (2007). ''Principles of Economics''. Upper Saddle River, NJ: Pearson Education. p. 54. Discretionary income is often defined as gross income minus taxes and other deductions (e.g., mandatory pension contributions), and is widely used as a basi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic System
An economic system, or economic order, is a system of Production (economics), production, resource allocation and Distribution (economics), distribution of goods and services within a society or a given geographic area. It includes the combination of the various institutions, agencies, entities, decision-making processes, and patterns of Consumer, consumption that comprise the economic structure of a given community. An economic system is a type of social system. The mode of production is a related concept. All economic systems must confront and solve the four fundamental economic problems: * What kinds and quantities of goods shall be produced: This fundamental economic problem is anchored on the theory of pricing. The theory of pricing, in this context, has to do with the economic decision-making between the production of capital goods and consumer goods in the economy in the face of scarce resources. In this regard, the critical evaluation of the needs of the society based on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pope Francis
Pope Francis ( la, Franciscus; it, Francesco; es, link=, Francisco; born Jorge Mario Bergoglio, 17 December 1936) is the head of the Catholic Church. He has been the bishop of Rome and sovereign of the Vatican City State since 13 March 2013. Francis is the first pope to be a member of the Society of Jesus, the first from the Americas, the first from the Southern Hemisphere, and the first pope from outside Europe since Pope Gregory III, Gregory III, a Syrian who reigned in the 8th century. Born in Buenos Aires, Argentina, Bergoglio worked for a time as a Bouncer (doorman), bouncer and a janitor as a young man before training to be a chemist and working as a technician in a food science laboratory. After recovering from a severe illness, he was inspired to join the Jesuits, Society of Jesus (Jesuits) in 1958. He was ordained a Catholic priest in 1969, and from 1973 to 1979 was the Jesuit provincial superior in Argentina. He became the archbishop of Buenos Aires in 1998 and was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pope Pius XI
Pope Pius XI ( it, Pio XI), born Ambrogio Damiano Achille Ratti (; 31 May 1857 – 10 February 1939), was head of the Catholic Church from 6 February 1922 to his death in February 1939. He was the first sovereign of Vatican City from its creation as an independent state on 11 February 1929. He assumed as his papal motto "Pax Christi in Regno Christi," translated "The Peace of Christ in the Kingdom of Christ." Pius XI issued numerous encyclicals, including '' Quadragesimo anno'' on the 40th anniversary of Pope Leo XIII's groundbreaking social encyclical ''Rerum novarum'', highlighting the capitalistic greed of international finance, the dangers of socialism/ communism, and social justice issues, and '' Quas primas'', establishing the feast of Christ the King in response to anti-clericalism. The encyclical ''Studiorum ducem'', promulgated 29 June 1923, was written on the occasion of the 6th centenary of the canonization of Thomas Aquinas, whose thought is accla ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pope Leo XIII
Pope Leo XIII ( it, Leone XIII; born Vincenzo Gioacchino Raffaele Luigi Pecci; 2 March 1810 – 20 July 1903) was the head of the Catholic Church from 20 February 1878 to his death in July 1903. Living until the age of 93, he was the second-oldest-serving pope, and the third-longest-lived pope in history, before Pope Benedict XVI as Pope emeritus, and had the fourth-longest reign of any, behind those of St. Peter, Pius IX (his immediate predecessor) and John Paul II. He is well known for his intellectualism and his attempts to define the position of the Catholic Church with regard to modern thinking. In his famous 1891 encyclical '' Rerum novarum'', Pope Leo outlined the rights of workers to a fair wage, safe working conditions, and the formation of trade unions, while affirming the rights of property and free enterprise, opposing both socialism and laissez-faire capitalism. With that encyclical, he became popularly titled as the "Social Pope" and the "Pope of the Workers", ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Catholic Social Teaching
Catholic social teaching, commonly abbreviated CST, is an area of Catholic doctrine concerning matters of human dignity and the common good in society. The ideas address oppression, the role of the state, subsidiarity, social organization, concern for social justice, and issues of wealth distribution. Its foundations are widely considered to have been laid by Pope Leo XIII's 1891 encyclical letter '' Rerum novarum'', which advocated economic distributism. Its roots can be traced to the writings of Catholic theologians such as St. Thomas Aquinas and St. Augustine of Hippo. It is also derived from concepts present in the Bible and cultures of the ancient Near East. According to Pope John Paul II, the foundation of social justice "rests on the threefold cornerstones of human dignity, solidarity and subsidiarity". According to Pope Benedict XVI, its purpose "is simply to help purify reason and to contribute, here and now, to the acknowledgment and attainment of what is just ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Distributism
Distributism is an economic theory asserting that the world's productive assets should be widely owned rather than concentrated. Developed in the late 19th and early 20th centuries, distributism was based upon Catholic social teaching principles, especially Pope Leo XIII's teachings in his encyclical ''Rerum novarum'' (1891) and Pope Pius XI in '' Quadragesimo anno'' (1931). It has influenced Anglo Christian Democratic movements, and has been recognized as one of many influences on the social market economy. Distributism views ''laissez-faire'' capitalism and state socialism as equally flawed and exploitative, favouring instead small independent craftsmen and producers, or if that is not possible, economic mechanisms such as cooperatives and member-owned mutual organisations as well as small to medium enterprises and large-scale competition law reform such as antitrust regulations. Christian democratic political parties such as the American Solidarity Party have advocated di ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
William Bradford (Plymouth Colony Governor)
William Bradford ( 19 March 15909 May 1657) was an English Puritan separatist originally from the West Riding of Yorkshire in Northern England. He moved to Leiden in Holland in order to escape persecution from King James I of England, and then emigrated to the Plymouth Colony on the ''Mayflower'' in 1620. He was a signatory to the Mayflower Compact and went on to serve as Governor of the Plymouth Colony intermittently for about 30 years between 1621 and 1657. His journal '' Of Plymouth Plantation'' covered the years from 1620 to 1646 in Plymouth. ''The fast and thanksgiving days of New England'' by William Deloss Love, Houghton, Mifflin and Co., Cambridge, 1895. Early life [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Plymouth Colony
Plymouth Colony (sometimes Plimouth) was, from 1620 to 1691, the first permanent English colony in New England and the second permanent English colony in North America, after the Jamestown Colony. It was first settled by the passengers on the '' Mayflower'', at a location that had previously been surveyed and named by Captain John Smith. The settlement served as the capital of the colony and developed as the town of Plymouth, Massachusetts. At its height, Plymouth Colony occupied most of the southeastern portion of Massachusetts. Many of the people and events surrounding Plymouth Colony have become part of American folklore, including the American tradition of Thanksgiving and the monument of Plymouth Rock. Plymouth Colony was founded by a group of Puritan Separatists initially known as the Brownist Emigration, who came to be known as the Pilgrims. It was the second successful colony to be founded by the English in the United States after Jamestown in Virginia, and it w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Palace Economy
A palace economy or redistribution economy is a system of economic organization in which a substantial share of the wealth flows into the control of a centralized administration, the palace, and out from there to the general population. In turn the population may be allowed its own sources of income but relies heavily on the wealth distributed by the palace. It was traditionally justified on the principle that the palace was most capable of distributing wealth efficiently for the benefit of society. The temple economy (or temple-state economy) is a similar concept. The concept of economic distribution is at least as old as the advent of the pharaohs. Anthropologists have noted many such systems, from those of tribesmen engaged in common subsistence economies of various sorts to complex civilizations, such as that of the Inca Empire, which assigned segments of the economy to specific villages. The essence of the idea is that a central administration plans production, assign ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Springer Science+Business Media
Springer Science+Business Media, commonly known as Springer, is a German multinational publishing company of books, e-books and peer-reviewed journals in science, humanities, technical and medical (STM) publishing. Originally founded in 1842 in Berlin, it expanded internationally in the 1960s, and through mergers in the 1990s and a sale to venture capitalists it fused with Wolters Kluwer and eventually became part of Springer Nature in 2015. Springer has major offices in Berlin, Heidelberg, Dordrecht, and New York City. History Julius Springer founded Springer-Verlag in Berlin in 1842 and his son Ferdinand Springer grew it from a small firm of 4 employees into Germany's then second largest academic publisher with 65 staff in 1872.Chronology ". Springer Science+Business Media. In 1964, Springer expanded its business internationally, o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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