Redistribution or Inclusion?

Shifts in the distribution of income away from labor and toward capital, which have boosted corporate profits as a share of production.

Does redistribution hamper growth?

China could usefully explore shifting part of the burden from labor toward property, capital gains, and inheritance taxes.

For these groups, globalization amounted to redistribution.

Of course, monetary policy also has redistributive effects. Think about the different effects of interest rates on debtors versus creditors.

Second, eliminate the redistribution implicit in the system.

Given productivity constraints, redistribution is only palliative, not curative.

The redistribution implicit in many pension systems is often far from clean.'' Many systems entail politically motivated privileges for powerful lobbies.

Capitals of Capital

Capital flight

Before the crisis hit, however, redistribution of wealth (and the tax and social security payments that make it possible) was considered the biggest obstacle to economic efficiency.

It's an investment.

Global income redistribution by the rich countries should be viewed as a matter not of charity, but of enlightened self interest.

Financial capital can cross borders far more easily, and physical capital can relocate almost as quickly.

The portion of capital inflows that is not re exported represents net capital inflows. This finances domestic spending on foreign goods.

The portion of capital inflows that is not re exported represents net capital inflows.

When Capital Markets Fail

But how much capital is enough?

Social redistribution can be effected through fiscal measures rather than by direct intervention in the labor market. That s how it was done in the early days of the welfare state.

Social redistribution can be effected through fiscal measures rather than by direct intervention in the labor market.

Availability of capital is not the explanation.

They are a kind of social capital.

Europe s Chimerical Capital Markets Union

More capital is always good.

व श व क प ज क र ख फ र ट यर क ओर

Simply put, when the state seizes the incentives and drivers of capital investment, owners of capital go on strike.

Because capitalism redistributes aggressively, it is vital that there be trust, transparency and accountability.

The fourth option is to impose capital controls on inflows (or liberalize controls on outflows). Leaving aside the issue of whether or not such controls are leaky, evidence suggests that controls on inflows of short term hot money do not affect the overall amount of capital inflows.

Taxes on inflows can play a similar role, as can minimum stay periods for capital inflows.

Why does no one want capital inflows?

Plentiful international capital is also making a difference.

Information technologies are a cost effective form of capital.

Common Sense on Capital Controls

Both had resisted capital market liberalization.

The Case for Re Regulating Capital Accounts

Domestic capital markets were non existent.

Talent versus Capital in the Twenty First Century

He has over a million dollars in assets.

Acquiring government power through possession of capital and converting it into unjust economic rents must be curtailed.

Capital controls have real costs, even if they fail to stanch inflows.

But the funding for expanding these efforts will rest largely on provincial officials, who will be reluctant to compel local cadres to disrupt production and lay off even more workers.

Any redistribution, indeed, should be transparent, and take place via taxation and non pension related transfers.

Yes, the principle of regulating bank capital seems sensible. Borrowing increases risk in any business you can t go bankrupt if you have no debt.

Those who can export capital will do so.