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Asset-based Egalitarianism
Asset-based egalitarianism is a form of egalitarianism which theorises that equality is possible by a redistribution of resources, usually in the form of a capital grant provided at the age of majority. Names for the implementation of this theory in policy include universal basic capital and stakeholding, and are generally synonymous within the equal opportunity egalitarian framework.Cunliffe, J & Erreygers, G (2004) The Origins of Universal Grants: An Anthology of Historical Writings on Basic Capital and Basic Income Historical development The idea has been around since Thomas Paine (January 29, 1737 – June 8, 1809) in his work '' Agrarian Justice'' 1795, and complemented his other thesis of basic income. Two independent schools of thought were developed on the subject, involving individuals from the American labor movement and scholars of the Belgian School. However, the same reasoning (given by both schools) behind the basic capital proposal is the redistribution of wealt ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Thomas Paine Rev1
Thomas may refer to: People * List of people with given name Thomas * Thomas (name) * Thomas (surname) * Saint Thomas (other) * Thomas Aquinas (1225–1274) Italian Dominican friar, philosopher, and Doctor of the Church * Thomas the Apostle * Thomas (bishop of the East Angles) (fl. 640s–650s), medieval Bishop of the East Angles * Thomas (Archdeacon of Barnstaple) (fl. 1203), Archdeacon of Barnstaple * Thomas, Count of Perche (1195–1217), Count of Perche * Thomas (bishop of Finland) (1248), first known Bishop of Finland * Thomas, Earl of Mar (1330–1377), 14th-century Earl, Aberdeen, Scotland Geography Places in the United States * Thomas, Illinois * Thomas, Indiana * Thomas, Oklahoma * Thomas, Oregon * Thomas, South Dakota * Thomas, Virginia * Thomas, Washington * Thomas, West Virginia * Thomas County (other) * Thomas Township (other) Elsewhere * Thomas Glacier (Greenland) Arts, entertainment, and media * ''Thomas'' (Burton novel) 1969 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wealth Tax
A wealth tax (also called a capital tax or equity tax) is a tax on an entity's holdings of assets. This includes the total value of personal assets, including cash, bank deposits, real estate, assets in insurance and pension plans, ownership of unincorporated businesses, financial securities, and personal trusts (a one-off levy on wealth is a capital levy).Edward N. Wolff, "Time for a Wealth Tax?"''Boston Review'', Feb–Mar 1996 (recommending a net wealth tax for the US of 0.05% for the first $100,000 in assets to 0.3% for assets over $1,000,000/ref> Typically, liabilities (primarily mortgages and other loans) are deducted from an individual's wealth, hence it is sometimes called a net wealth tax. Of 36 OECD countries, five had a personal wealth tax in 2017 (in 1990 there were 12 countries). One of its goals is to reduce the accumulation of wealth by individuals. Critics note that a wealth tax can have the unintended consequence of wealthy entrepreneurs and businesspeop ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Social Credit
Social credit is a distributive philosophy of political economy developed by C. H. Douglas. Douglas attributed economic downturns to discrepancies between the cost of goods and the compensation of the workers who made them. To combat what he saw as a chronic deficiency of purchasing power in the economy, Douglas prescribed government intervention in the form of the issuance of debt free money directly to consumers or producers (if they sold their product below cost to consumers) in order to combat such discrepancy. In defence of his ideas, Douglas wrote that "Systems were made for men, and not men for systems, and the interest of man which is self-development, is above all systems, whether theological, political or economic." Douglas said that Social Crediters want to build a new civilization based upon " absolute economic security" for the individual, where "they shall sit every man under his vine and under his fig tree; and none shall make them afraid." In his words, "what ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Property-owning Democracy
A property-owning democracy is a social system whereby state institutions enable a fair distribution of productive property across the populace generally, rather than allowing monopolies to form and dominate.Amrit Ron, "Visions of Democracy in 'Property-Owning Democracy': Skelton to Rawls and Beyond", ''History of Political Thought'' 29, no. 1 (2008), 168–187, . This intends to ensure that all individuals have a fair and equal opportunity to participate in the market. It is thought that this system is necessary to break the constraints of welfare-state capitalism and manifest a cooperation of citizens, who each hold equal political power and potential for economic advancement.Alan Thomas, ''Republic of Equals: Predistribution and Property-Owning Democracy'' (Oxford: Oxford University Press, 2016). This form of societal organisation was popularised by John Rawls, as the most effective structure amongst four other competing systems: laissez-faire capitalism, welfare-state cap ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Citizens Dividend
Citizen's dividend is a proposed policy based upon the Georgist principle that the natural world is the common property of all people. It is proposed that all citizens receive regular payments (dividends) from revenue raised by leasing or taxing the monopoly of valuable land and other natural resources. History A concept akin to a citizen's dividend was known in Classical Athens. In 483 BC, a massive new seam of silver was found in the Athenian silver mines at Laurium.PlutarchThemistocles 4/ref> The dispersal of this provoked great debate. The statesman Aristides proposed the profit from this should be distributed among the Athenian citizens.Holland, pp. 219–222 However he was opposed by Themistocles, who proposed the money be spent building warships for the Athenian navy. In the end, Themistocles' policy was the one adopted. In the United Kingdom and United States, the idea can be traced back to Thomas Paine's essay, '' Agrarian Justice'', which is also considere ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Baby Bonds
Baby bonds are a government policy in which every child receives at birth a publicly funded trust account, potentially with more generous funding for lower-income families. Economists William Darity and Darrick Hamilton proposed the policy in 2010 as a mechanism to reduce the racial wealth gap in the United States. A 2019 analysis of the proposal by Naomi Zewde projects that baby bonds would reduce the median racial wealth gap between white and black young Americans from a factor of 16 to a factor of 1.4. One example is the now-defunct child trust fund in the United Kingdom. In American English, the term "baby bond" can alternatively refer to a bond with a par value of $1,000 or less. In the United Kingdom In Hungary In Hungary, babies born after December 31, 2005 receive a tax-free savings bond with a value of approximately 40,000 forints ($185 in 2005), which is kept in a special bank account until the child turns 18. Children in need receive an additional payment a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deferred Gratification
Delayed gratification, or deferred gratification, is the resistance to the temptation of an immediate pleasure in the hope of obtaining a valuable and long-lasting reward in the long-term. In other words, delayed gratification describes the process that the subject undergoes when the subject resists the temptation of an immediate reward in preference for a later reward. Generally, delayed gratification is associated with resisting a smaller but more immediate reward in order to receive a larger or more enduring reward later. A growing body of literature has linked the ability to delay gratification to a host of other positive outcomes, including academic success, physical health, psychological health, and social competence. A person's ability to delay gratification relates to other similar skills such as patience, impulse control, self-control and willpower, all of which are involved in self-regulation. Broadly, self-regulation encompasses a person's capacity to adapt the self a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Time Preference
In economics, time preference (or time discounting, delay discounting, temporal discounting, long-term orientation) is the current relative valuation placed on receiving a good or some cash at an earlier date compared with receiving it at a later date. Time preferences are captured mathematically in the discount function. The higher the time preference, the higher the discount placed on returns receivable or costs payable in the future. One of the factors that may determine an individual's time preference is how long that individual has lived. An older individual may have a lower time preference (relative to what they had earlier in life) due to a higher income and to the fact that they have had more time to acquire durable commodities (such as a college education or a house). Example A practical example: Jim and Bob go out for a drink but Jim has no money so Bob lends Jim $10. The next day Jim visits Bob and says, "Bob, you can have $10 now, or I will give you $15 when I get p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Head Start (positioning)
A head start is a start in advance of the starting position of others in the competition, or simply toward the finish line or desired outcome. Depending on the situation, a head start may be inherent, obtained by special privilege, earned through one's accomplishments, or granted mercifully by an opponent. While not guaranteeing success, a head start will increase such chances. In sports In competitive sports, such as a race, a head start refers to a start ahead of other competitors, allowing a shorter distance to the finish line. The idea of a head start may seem unfair. But in some cases, a head start is an advantage that may be earned by one more of the competitors. Also, adults who are racing against children may provide children with a head start, knowing the children are slower, and wanting to allow them a chance to win. In multiple-event or multiple-day competitions, such as the modern pentathlon, the final event may use a head start where the leader of the competition ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territories, nine Minor Outlying Islands, and 326 Indian reservations. The United States is also in free association with three Pacific Island sovereign states: the Federated States of Micronesia, the Marshall Islands, and the Republic of Palau. It is the world's third-largest country by both land and total area. It shares land borders with Canada to its north and with Mexico to its south and has maritime borders with the Bahamas, Cuba, Russia, and other nations. With a population of over 333 million, it is the most populous country in the Americas and the third most populous in the world. The national capital of the United States is Washington, D.C. and its most populous city and principal financial center is New York City. Paleo-Americ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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