Economic progressivism

Economic Progressivism

Economic progressivism

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Economic progressivism is the name given to the economic views of social democrats and progressives. These views are often rooted in a strong sense of social justice. At its most basic, economic progressivism supports a mixed economy an economy that features both a significant public sector and a strong private one.

Specific policies that fall under the category of economic socialism include: progressive taxes and income redistribution aimed at reducing inequalities of wealth, a comprehensive package of public services, universal health care, public education, social security, minimum wage laws, anti-trust laws, legislation protecting workers' rights and the rights of trade unions, and a welfare state. Economic progressivism is based on the idea of free and fair markets. In particular, progressives believe that current markets are unfair because they have large corporation and the wealthy. Most human characteristics (e.g., personality, IQ, physical traits and abilities) follow a normal distribution which suggests that a fair market should create a normal distribution of wealth. In most countries, income distribution among individuals and corporations is highly skewed toward the wealthy. Another example of this phenomenon are social mobility tables. In a fair market, a parent's socioeconomic status should not be a strong indicator of the child's success. However, most experts have noted an astonishing level of prediction based on parents socioeconomic status. Economic...
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