Wealth and the Distribution of Wealth across Nations

Wealth and the Distribution of Wealth across Nations -...

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Wealth and the Distribution of Wealth across Nations I. One of the primary obligations of any nation is the creation of wealth When nations fail, it is often because they have not been successful in generating the wealth needed to sustain the country. II. A second obligation is to design policies that distribute that wealth across the population. This includes both tax and social welfare policies. III. Nations make a lot of different decisions about distribution and welfare Examples: A. Communism B. Socialism C. Unregulated capitalism with little or no social welfare system or concern about the distribution of income and wealth. D. Moderately regulated capitalism with a modest welfare system, and little interest in the distribution of income and wealth.
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E. Regulated capitalism with a limited but important welfare state and some concern about the distribution of income and wealth. F. Regulated capitalism with an extensive welfare state and policies designed to narrow the income and wealth gap
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