«These processes increased inequality by operating on both
ends of the wealth distribution, increasing the holdings of the rich while decreasing the holdings of the poor,» the researchers write.
Stockton, California is expected to become the first US city to launch an experiment in universal basic income, a system
of wealth distribution in which people receive a set amount of money just for being alive...
According to research funded by the Russell Sage Foundation, the inflation - adjusted net worth of the typical household, one at the median
point of wealth distribution, was $ 87,992 in 2003.
But the point is that in addition to the obvious pressures of population growth, strategies of development that ignore existing injustice in
patterns of wealth distribution enlarge the problems of severe poverty rather than mitigating them.
«Remember that longevity isn't uniform across the population,» says Wade Pfau, a professor of retirement income at the American College of Financial Services in Bryn Mawr, Pa. «For those at the higher
end of wealth distribution, with better education, income, and health care, longevity has been increasing by about two years every decade.
Kevin Milligan says the case for raising the annual TFSA limit is shaky as the benefit will be mostly to high wealth households rather than those at the middle or
bottom of the wealth distribution.
«Those at the higher end
of wealth distribution, with better education, income, and health care, can expect to live three or four years longer.»
I'm not saying it should be today — just that it's a reminder that clearly we as a society have run up against
some of these wealth distribution outcomes before.