Inequality, Public Wealth, and the Federal Shareholder

Giacomo Corneo

No 5861, CESifo Working Paper Series from CESifo

Abstract: 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.

Keywords: public ownership; redistribution (search for similar items in EconPapers)
JEL-codes: H00 H50 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (2)

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Related works:
Working Paper: Inequality, Public Wealth, and the Federal Shareholder (2016)
Working Paper: Inequality, Public Wealth, and the Federal Shareholder (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:ces:ceswps:_5861

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