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The William T. Grant Foundation is an American non-profit foundation that funds research in the social sciences, with a particular focus on reducing inequality in youth outcomes and improving the use of research evidence in public policy and practice settings.
A particular focus of his research has been school structure, educational inequality, and school reform. [3] In 2013 he became the president of the William T. Grant Foundation, which funds social science research meant to improve the lives of young people. [3]
Redistribution of income and wealth is the transfer of income and wealth (including physical property) from some individuals to others through a social mechanism such as taxation, welfare, public services, land reform, monetary policies, confiscation, divorce or tort law. [1]
In developmental economics, the Poverty-Growth-Inequality Triangle (also called the Growth-Inequality-Poverty Triangle or GIP Triangle) refers to the idea that a country's change in poverty can be fully determined by its change in income growth and income inequality. According to the model, a development strategy must then also be based on ...
Methods to reduce inequality and relative poverty include progressive taxation, which involves increasing tax rates on high-income earners, [207] [208] wealth taxes, which involve taxing a portion of an individual's net worth above a certain threshold, [209] [210] [211] reducing payroll taxes, which are taxes on employees and employers and ...
In 1906 the first "W. T. Grant Co. 25 Cent Store" (equal to $8.75 today) opened in Lynn, Massachusetts.Modest profit, coupled with a fast turnover of inventory, caused the stores to grow to almost $100 million (~$1.73 billion in 2023) annual sales by 1936, the same year that William Thomas Grant started the W. T. Grant Foundation.
Social inequality usually implies the lack of equality of outcome, but may alternatively be conceptualized as a lack of equality in access to opportunity. [1] Social inequality is linked to economic inequality, usually described as the basis of the unequal distribution of income or wealth.
In 1968, H. George Frederickson articulated "a theory of social equity" and put it forward as the 'third pillar' of public administration. [6] Frederickson was concerned that those in public administration were making the mistake of assuming that citizen A is the same as citizen B; ignoring social and economic conditions.