aPublic Distribution System of Essential Commodities as a Social Safety Net A Study of the District of Allahabad‚ Uttar Pradesh Final Report Submitted by Bhaskar Majumder To Planning Commission Government of India New Delhi G ovind B allabh P ant S ocial S cience Institute Jhusi‚ Allahabad Phone: 667214‚ Fax: 667207 E-mail: majumderb@rediffmail.com reach@gbpssi.com Contents Chapter Contents Research Team Preface Location Map List of Boxes List of Tables List of Figures Executive
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population had significantly increased. Statistics also show that by 2007‚ approximately 35% of the wealth was maintained by the top 10%‚ leaving about 27% of wealth to the bottom 90% of the population. This is about an 8% gap in between. The last time income inequality was this high was in the 1920’s‚ but back then only 20% of wealth was gained from work. Today the top 10% gains at least 60% of their wealth from work‚ rather than inheritance. As economies throughout the world mature‚ income inequality
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minimum wage as ways to narrow the wealth gap” (Frank). Frank’s statement gives a different perspective on this topic. The fact that he adds a “millionaire survey” that was performed by CNBC news shows that some upper-class millionaires also believe that there should be higher taxes because higher taxes will result in a more efficient way of distributing money throughout society. Also‚ in the same article‚ he adds that many millionaires actually find the inequality of wealth a problem when he notes‚ “Despite
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like Africa and Asia‚ natural resources were abundant‚ so colonizers felt as if taking these goods were not a disservice to the natives‚ but rather they were spreading the wealth to themselves. For example‚ the Spanish robbed the Americas of their “gold‚ spices‚ cotton palm oil their timber”(p39) all while redirecting the wealth back to Europe. Many colonizers failed to realize the century long ramifications they would create. Conversely‚ the natives were extremely aware that they were oppressed
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illustrates the degree of equality (or inequality) of distribution of income in an economy. It plots the cumulative percentage of income received by cumulative shares of the population and includes a straight line to illustrate perfect income equality. Thus‚ the closer the Lorenz curve is to the straight line‚ the greater the equality in income distribution‚ while‚ the further away it is from the straight line‚ the more unequal the distribution of income. In the diagram above‚ the ratio of the
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Century to Chinese economic After reading the book named Capital in 21 centuries‚ which written by Thomas Piketty and be called as the most important economics book of the year—and maybe of the decade. In this book‚ he focused on the wealth and income inequality‚ and wealth inequality can be summed up by r (return on capital‚ includes profits‚ dividends‚ interest‚ rents and other income from capital) > g(economic growth‚ which measured in income or output.). In his method‚ income inequality as A characteristic
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com/2009120972… Their metaphysics tell them that wealth is unlimited and can be tapped at will; they fail to realize wealth is made‚ and wealth-making becomes broken when too much is taken too fast and for the wrong reasons--but they blame the wealth-makers who fail to continue to make wealth‚ all the time wondering where the "unlimited" wealth is going--people must be hoarding it! Evidence of this is when Obama told Joe the Plumber he wanted to ’redistribute wealth’‚ and then denied he was a socialist--except
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barons” (business men who used illegal business practices to become wealthy and powerful). The richest Americans control seventy five percent of the nation wealth that they are considered as “robber barons”. “Captains of Industry” shows us that these rich people use their wealth positively‚ but robber barons show the audience that they use their wealth for power. Workers hired by capitalists and their management organizations are treated badly. In "document A"‚ it is a picture of a group of workers carrying
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negatively affect the citizens of the United States as well as those in other countries. The first is income inequality; "This describes the gap in how much individuals earn from the work they do and the investments they make." Secondly‚ there is wealth inequality which "measures the difference in how much money and other assets individuals have accumulated." (Matthews‚ 2014). There are a variety of opinions on how to address these issues. Some of these ideas include the government requiring large
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can experience different transitional cycle of trades. There will be gains and losses perceived for some input factors from the redistribution of wealth. Many economists in today’s business world agree that globalization provides benefit to individual economies around the world by making markets more efficient‚ increasing competition and spreading wealth more equally around the world. However‚ still many others assume that the costs associated with globalization outweigh the benefits‚ which has caused
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