Chapter

Social policy and the wealthy

Karen Rowlingson and Stephen Mckay

in Wealth and the Wealthy

Published by Policy Press

Published in print December 2011 | ISBN: 9781847423085
Published online May 2012 | e-ISBN: 9781447305620 | DOI: http://dx.doi.org/10.1332/policypress/9781847423085.003.0007
Social policy and the wealthy

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This chapter discusses three main areas of policy: equal opportunity policy, taxation policy and original income and wealth policy. All three are needed in order to reduce the gap between rich and poor to more justifiable levels. The chapter also discusses what level of inequality the authors might aim to achieve given that they, like most members of the general public, accept that some degree of inequality is justifiable as a reward for hard work and effort. However, the chapter argues that, at present, those who have the highest levels of income and wealth have not necessarily achieved this through individual merit, and even if they had, the nature of the effort rewarded and the level of the rewards at the top cannot be justified on the grounds of relatively limited differences in effort or skill.

Keywords: equal opportunities; taxation policy; original income policy; original wealth policy

Chapter.  12802 words.  Illustrated.

Subjects: Social Stratification, Inequality, and Mobility

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