Global campaign to redistribute wealth and reduce inequality

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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

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