Inequality, public wealth, and the federal shareholder

Giacomo G. Corneo

Current trends in the distribution of wealth trigger a social divide and threaten democracy. I propose to counter this evolution by enhancing the role of public capital as a redistribution and empowerment device. The governance of public capital requires two novel institutions: a socially responsible Sovereign Wealth Fund and a Federal Shareholder. This paper offers an account of their design and sources of financing.

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Year of publication:	April 2016
Authors:	Corneo, Giacomo
Publisher:	München : CESifo, Center for Economic Studies & Ifo Institute
Subject:	public ownership \| redistribution \| Umverteilung \| Redistribution \| Vermögensverteilung \| Wealth distribution \| Staatsfonds \| Sovereign wealth fund

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Extent:	1 Online-Ressource (circa 20 Seiten)
Series:	CESifo working papers. - München : [Verlag nicht ermittelbar], ISSN 2364-1428, ZDB-ID 2065232-X. - Vol. no. 5861
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Other identifiers:	hdl:10419/141838 [Handle]
Classification:	H00 - Public Economics. General ; H50 - National Government Expenditures and Related Policies. General
Source:	ECONIS - Online Catalogue of the ZBW

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