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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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Social policy and the wealthy

Social policy and the wealthy

Chapter:
(p.187) Seven Social policy and the wealthy
Source:
Wealth and the Wealthy
Author(s):

Karen Rowlingson

Stephen Mckay

Publisher:
Policy Press
DOI:10.1332/policypress/9781847423085.003.0007

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

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