Global campaign to redistribute wealth and reduce inequality

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
  1. 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.
  2. Under this, the focus will be on building a chain of development and distribution to rebuild a broader middle class.

Source – The Hindu

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