Inequality, Public Wealth, and the Federal Shareholder

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:	2016
Authors:	Corneo, Giacomo
Publisher:	Munich : Center for Economic Studies and ifo Institute (CESifo)
Subject:	public ownership \| redistribution

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Series:	CESifo Working Paper ; 5861
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	857342568 [GVK] hdl:10419/141838 [Handle] RePec:ces:ceswps:_5861 [RePEc]
Classification:	H00 - Public Economics. General ; H50 - National Government Expenditures and Related Policies. General
Source:	EconStor

Persistent link: https://www.econbiz.de/10011480444