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Wealth and the WealthyExploring and Tackling Inequalities Between Rich and Poor$
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Karen Rowlingson and Stephen McKay

Print publication date: 2011

Print ISBN-13: 9781847423085

Published to Policy Press Scholarship Online: May 2012

DOI: 10.1332/policypress/9781847423085.001.0001

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Towards a comprehensive policy on assets

Towards a comprehensive policy on assets

(p.145) Six Towards a comprehensive policy on assets
Wealth and the Wealthy

Karen Rowlingson

Stephen Mckay

Policy Press

Having provided empirical evidence on wealth and the wealthy, the last two chapters of the book review the policy implications of recent trends in this field. This chapter calls for a fundamental review of policies towards assets to take into account the appropriate balance between: assets, incomes and services; accumulation and decumulation of assets; and different forms of assets (housing, pensions and savings). It also considers the goal of asset policy and whether it is to reduce poverty and/or inequality, or to help people achieve financial security and/or to make citizenship a more meaningful concept. The respective roles of the state, the individual, the employer and the private sector more generally also need to be considered.

Keywords:   asset-based welfare, housing policy, pension policy, capital taxation

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