By redistributive policies, we really mean our progressive tax system and social insurance policies, like transfers towards lower income households, including food stamps or cash transfers.
But for some of these foundational Democratic values of housing equality, progressive taxation and education equality, Democrats don't actually embody their values very well.
Income taxes in the US are already somewhat progressive, which means that there are tax brackets that require the rich to pay a higher percent of income.
Was it for: a) offering microfinance to low-income businesses, b) starting the first business to earn ? 1m in under a week, or c) developing a progressive model of taxation?
" It is time for a wealth tax in America." Democrats believe in a progressive tax system, where the rich pay a larger share of their income than the poor.
The panic of 1907 was a proximate reason for the creation of the Federal Reserve and the beginnings of the progressive taxation of income in America, as well as an expansion of antitrust law.
A progressive tax was laid upon incomes beginning with four per cent on incomes in the lower ranges and rising to sixty-three per cent of that part of any income above $2,000,000.