Global campaign to redistribute wealth and reduce inequality
- Shared Prosperity Campaign
Recently, Chinese President Xi Jinping has said that the current effort started by his government for shared prosperity will be continued for a long time.
This major shared prosperity initiative will help make Chinese society more equitable, with a mix of policy measures, market forces and philanthropic practices to end the country’s wide and persistent wealth discrimination.
- Wealth Redistribution Council
- Recently, the Prime Minister of Japan has unveiled a council. It will help in developing strategies for tackling wealth inequalities and ensuring redistribution of wealth among households.
- Under this, the focus will be on building a chain of development and distribution to rebuild a broader middle class.
Source – The Hindu