Redistribution of income and wealth in the context of "Social democracy"

⭐ In the context of Social Democracy, redistribution of income and wealth is considered…

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⭐ Core Definition: 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.

Understanding of the phrase varies, depending on personal perspectives, political ideologies and the selective use of statistics. It is frequently used in politics, to refer to perceived redistribution from those who have more to those who have less. Rarely, the term is used to describe laws or policies that cause redistribution in the opposite direction, from the poor to the rich.

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👉 Redistribution of income and wealth in the context of Social democracy

Social democracy is a social, economic, and political philosophy within socialism that supports political and economic democracy and a gradualist, reformist, and democratic approach toward achieving social equality. In modern practice, social democracy has taken the form of democratic socialism, a robust welfare state, policies promoting social justice, market regulation, and a more equitable distribution of income.

Social democracy maintains a commitment to representative and participatory democracy. Common aims include curbing inequality, eliminating the oppression of underprivileged groups, eradicating poverty, and upholding universally accessible public services such as child care, education, elderly care, health care, and workers' compensation. Economically, it supports income redistribution and regulating the economy in the public interest.

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Redistribution of income and wealth in the context of 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, assigns elements of the population to carry it out, collects the goods and services thus created, and redistributes them to the producers.

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Redistribution of income and wealth in the context of Subsidy

A subsidy, subvention or government incentive is a type of government expenditure which redistributes from tax payers to individuals, households, or businesses.Subsidies take various forms, such as direct government expenditures, tax incentives, soft loans, price support, and government provision of goods and services. For instance, the government may distribute direct payment subsidies to individuals and households during an economic downturn in order to help its citizens pay their bills and to stimulate economic activity.

Although commonly extended from the government, the term subsidy can relate to any type of support – for example from NGOs, or international organizations. Subsidies come in various forms including: direct (cash grants, interest-free loans) and indirect (tax breaks, insurance, low-interest loans, accelerated depreciation, rent rebates). Furthermore, they can be broad or narrow, legal or illegal, ethical or unethical. The most common forms of subsidies are those to the producer or the consumer.

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Redistribution of income and wealth in the context of Equality of outcome

Equality of outcome, equality of condition, or equality of results is a Communistic concept which is central to some far-left political ideologies and is used in some political discourse, often in contrast to the term equality of opportunity. It describes a state in which all people have approximately the same material wealth and income, or in which the general economic conditions of everyone's lives are alike, regardless of intelligence or ability.

Achieving equal results generally entails reducing or eliminating material inequalities between individuals or households in society and usually involves a transfer of income or wealth from wealthier to poorer individuals, or adopting other measures to promote equality of condition.

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Redistribution of income and wealth in the context of Nestor Makhno

Nestor Ivanovych Makhno (Ukrainian: Нестор Іванович Махно, pronounced [ˈnɛstor iˈwɑnowɪtʃ mɐxˈnɔ]; 7 November 1888 – 25 July 1934), also known as Bat'ko Makhno (Ukrainian: Бáтько Махно́ [ˈbɑtʲko mɐxˈnɔ], lit.'Father Makhno'), was a Ukrainian anarchist revolutionary and the commander of the Revolutionary Insurgent Army of Ukraine during the Ukrainian War of Independence. He established the Makhnovshchina (loosely translated as "Makhno movement"), a mass movement by the Ukrainian peasantry to establish anarchist communism in the country between 1918 and 1921. Initially centered around Makhno's home province of Katerynoslav and hometown of Huliaipole, it came to exert a strong influence over large areas of southern Ukraine, specifically in what is now the Zaporizhzhia Oblast of Ukraine.

Raised by a peasant family and coming of age amid the fervor around the 1905 Revolution, Makhno participated in a local anarchist group and spent seven years imprisoned for his involvement. With his release during the 1917 Revolution, Makhno became a local revolutionary leader in his hometown and oversaw the expropriation and redistribution of large estates to the peasantry. In the Ukrainian Civil War, Makhno sided with the Soviet Russian Bolsheviks against the Ukrainian nationalists and White movement, but his alliances with the Bolsheviks did not last. He rallied Bolshevik support to lead an insurgency, defeating the Central Powers' occupation forces at the Battle of Dibrivka and establishing the Makhnovshchina. Makhno's troops briefly integrated with the Bolshevik Red Army in the 1919 Soviet invasion of Ukraine, but split over differences on the movement's autonomy. Makhno rebuilt his army from the remains of Nykyfor Hryhoriv's forces in western Ukraine, routed the White Army at the Battle of Perehonivka, and captured most of southern and eastern Ukraine, where they again attempted to establish anarchist communism.

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Redistribution of income and wealth in the context of Robin Hood

Robin Hood is a legendary heroic outlaw originally depicted in English folklore and subsequently featured in literature, theatre, and cinema. According to legend, he was a highly skilled archer and swordsman. In some versions of the legend, he is depicted as being of noble birth, and in modern retellings he is sometimes depicted as having fought in the Crusades before returning to England to find his lands taken by the Sheriff of Nottingham. In the oldest known versions, he is instead a member of the yeoman class. He is traditionally depicted dressed in Lincoln green. Today, he is most closely associated with his stance of "robbing the rich to give to the poor".

Through retellings, additions, and variations, a body of familiar characters associated with Robin Hood has been created. These include his lover, Maid Marian; his band of outlaws, the Merry Men; and his chief opponent, the Sheriff of Nottingham. The Sheriff is often depicted as assisting Prince John in usurping the rightful but absent King Richard, to whom Robin Hood remains loyal. He became a popular folk figure in the Late Middle Ages, and his partisanship of the common people and opposition to the Sheriff are some of the earliest-recorded features of the legend, whereas his political interests and setting during the Angevin era developed in later centuries. The earliest known ballads featuring him are from the 15th century.

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Redistribution of income and wealth in the context of Centrism

Centrism is the range of political ideologies that exist between left-wing politics and right-wing politics on the left–right political spectrum. It is associated with moderate politics, including people who strongly support moderate policies and people who are not strongly aligned with left-wing or right-wing policies. Centrism is commonly associated with liberalism, radical centrism, and agrarianism. Those who identify as centrist support gradual political change, often through a welfare state with moderate redistributive policies. Though its placement is widely accepted in political science, radical groups that oppose centrist ideologies may sometimes describe them as leftist or rightist.

Centrist parties typically hold the middle position between major left-wing and right-wing parties, though in some cases they will hold the left-leaning or right-leaning vote if there are no viable parties in the given direction. Centrist parties in multi-party systems hold a strong position in forming coalition governments as they can accommodate both left-wing and right-wing parties, but they are often junior partners in these coalitions and are unable to enact their own policies. These parties are weaker in first-past-the-post voting than proportional representation systems. Parties and politicians have various incentives to move toward or away from the centre, depending on how they seek votes. Some populist parties take centrist positions, basing their political position on opposition to the government as opposed to left-wing or right-wing populism.

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Redistribution of income and wealth in the context of Degrowth

Degrowth is an academic and social movement aimed at the planned and democratic reduction of production and consumption as a solution to social-ecological crises. Commonly cited policy goals of degrowth include reducing the environmental impact of human activities, redistributing income and wealth within and between countries, and encouraging a shift from materialistic values to a convivial and participatory society. According to degrowth theorists, degrowth is a multi-layered concept that combines critiques of capitalism, colonialism, patriarchy, productivism, and utilitarianism, while envisioning more caring, just, convivial, happy, and democratic societies.

Degrowth is critical of the concept of growth in gross domestic product as a measure of human and economic development. It argues that modern capitalism's unitary focus on growth causes widespread ecological damage and is unnecessary for the further increase of human living standards.

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