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Equality, Growth, and the Myopic Society
Gill, Richard T
The Public interest, 1997-07, Vol.128 (128), p.110-117
[Periódico revisado por pares]
New York: National Affairs, inc
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Título:
Equality, Growth, and the Myopic Society
Autor:
Gill, Richard T
Assuntos:
20th century
;
Academic Achievement
;
Boats
;
Creative Activities
;
Economic Development
;
Economic Growth
;
Economic Policy
;
Economic Progress
;
Economic theory
;
Economics
;
Equality
;
Future
;
Futures (of Society)
;
GDP
;
Government (Administrative Body)
;
Gross Domestic Product
;
Incentives
;
Income distribution
;
Income Inequality
;
Income taxes
;
Investment
;
Living Standards
;
Priorities
;
Social Inequality
;
Social policy
;
Society
;
Standard of living
;
Studies
;
Subsidies
;
U.S.A
;
United States
;
United States of America
É parte de:
The Public interest, 1997-07, Vol.128 (128), p.110-117
Notas:
ObjectType-Article-2
ObjectType-Feature-1
content type line 24
SourceType-Magazines-1
ObjectType-Article-1
SourceType-Scholarly Journals-1
ObjectType-Feature-2
content type line 23
Descrição:
In the 1990s, the overall government involvement in the US economy has been well over 30%, and much of this has been explicitly redistributional. Total federal spending on means-tested and social-insurance programs rose from 4.3% of US GDP in 1967 to 9.2% in 1990. Two questions are considered: 1. How is the priority now given to the goal of economic equality related to the priority given to that other great economic goal of long-run growth? 2. How is the shift in priorities to be explained, and what are its possible policy consequences? There is evidence that the US and other countries have been creating societies where immediate benefits are increasingly purchased at the cost of long-run well-being. The US has accumulated vast fiscal deficits. The same is true for most European countries where the welfare programs and deficits are larger. The problem is that the combination of increasing life expectancies, high past fertility, and low current fertility is certain to produce considerable future strain on social security and health-care systems.
Editor:
New York: National Affairs, inc
Idioma:
Inglês
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