Three Policies That Could Reduce Economic Inequality
A country can reduce economic inequality by ensuring that all workers contribute to retirement savings accounts. Over time, these savings can help workers build assets and improve their financial security. A strong stock exchange is also important. It can allow pension funds to invest in businesses, giving more workers an indirect stake in the country’s productive economy. Finally, public policy should encourage broad ownership of businesses and productive assets. Together, these measures could move an economy toward a more inclusive distribution of wealth.
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