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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (194336)	12/2/2022 9:01:18 AM
From: marcher	1 Recommendation Recommended By Maurice Winn Respond to of 217792

more to understand about wealth/income inequity... neoliberal oecd position 2021: "...Policy makers have a range of instruments and tools at hand to increase the financial resilience of vulnerable households, and to limit the increasing wealth concentration at the top end of the distribution. A number of those are discussed in (OECD, 2021[4]; 2018[5]) and (Balestra et al., 2021[6]) and include measures along the following principles: Support vulnerable lower-income and lower-wealth households’ capacity to save and accumulate wealth: Develop attractive savings schemes for small savers. Where tax-preferred accounts are available to encourage household savings, ensure that these are targeted at lower-income lower-wealth households through deposit limits and/or capped (e.g. annual) contributions; Enhance the neutrality and progressivity of taxes on household savings by reducing the differences in tax treatment applying to different types of capital assets, e.g. by limiting tax exemptions on capital gains; ....Limit or cap mortgage interest deductibility, as such deductibility tends to provide greater benefits to wealthier households in absolute terms; ....Consider schemes of minimum capital endowments (“minimum inheritance”) for young adults, as a starting capital for funding education or starting a business. OECD WISE Centre Policy Insights Strengthen financial literacy by helping individuals and households navigate the challenges and opportunities of financial markets and promoting good budgeting, planning and saving practices; Review the design of asset tests in social insurance programmes, to avoid discouraging low-income households from accumulating wealth and thereby creating poverty traps; Design equitable homeownership support programmes for younger and lower-income households. Strengthen the progressivity of tax and spending and ensure that all wealthy households contribute to the financing of public services: Adequately tax personal capital income (dividends, interest, capital gains), which tends to be concentrated at the top of the income and wealth distribution and often benefits from preferential tax treatment; Consider making recurrent taxes on immovable property progressive, and ensure that they are levied on regularly updated property values; Consider making better use of well-designed inheritance and gift taxation, by scaling back regressive tax exemptions and reliefs, limiting opportunities for tax planning and avoidance, and taxing wealth transfers at progressive rates. This may require addressing political obstacles often associated with inheritance tax reforms by providing information on inherited wealth and inequality, the way inheritance taxes work and who they apply to; Possibly consider ways to tax beneficiaries on wealth transfers they receive over their life through a tax on lifetime wealth transfers; Where annual wealth taxes are levied, ensure that they are well-designed and effectively levied on the wealthiest households by having relatively high tax exemption thresholds, scaling back tax exemptions and reliefs that tend to be regressive, and addressing tax avoidance; Ensure the integrity of tax systems by limiting opportunities for aggressive tax planning and avoidance, and strengthen efforts to combat tax evasion. In particular, continue to make progress on international tax transparency through the exchange of information between tax administrations to combat offshore tax evasion..." oecd.org the genius victorian, charles dickens, wrote a bit about it back in the day... gutenberg.org and the victorian mary shelley warned prior to that: gutenberg.org lots to learn, always.