Bericht

The ownership society: Social security is only the beginning ...

As his new term begins, President George W. Bush has been trying to focus his domestic agenda on what he calls the ownership society, a sweeping vision of an America in which more citizens would hold significant assets and be free to make their own choices about providing for their health care and retirement, and educating their children. L. Randall Wray, who has written for the Levy Institute on many topics, evaluates the premises and logic of this program in this new public policy brief. Wray points out that much of the history of the Western world since the advent of liberalism has been marked by a gradual rise in the power of those who lack property. Some of the milestones in this progression include universal suffrage, regulation of business, and progressive taxation. Bush's ownership society proposals, according to Wray, would result in a partial reversal of the progress of the last 250 years. The reason is that, while Bush's plans would undoubtedly increase the choices and power of those who have property, they would fail to democratize ownership. Many gains to the wealthy would come at the expense of the poor, the sick, and the elderly.

ISBN
1931493472
Language
Englisch

Bibliographic citation
Series: Public Policy Brief ; No. 82

Classification
Wirtschaft
Subject
Wirtschaftsreform
Staatliche Einflussnahme
Sozialreform
Gesetzliche Rentenversicherung
Soziale Sicherung
Gesundheitsreform
Rentenreform
USA

Event
Geistige Schöpfung
(who)
Wray, L. Randall
Event
Veröffentlichung
(who)
Levy Economics Institute of Bard College
(where)
Annandale-on-Hudson, NY
(when)
2005

Handle
Last update
10.03.2025, 11:45 AM CET

Data provider

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Object type

  • Bericht

Associated

  • Wray, L. Randall
  • Levy Economics Institute of Bard College

Time of origin

  • 2005

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