The chapter deals with the practical problems that legislators and administrators wrestle with in designing broad-based taxes such as income, wealth, sales, and value added taxes.
It supported the creation of wealth and a broad-based infrastructure, allowing a majority of Americans to participate.
Second, we call on business leaders to develop new organizational models and approaches that not only enhance productivity and generate wealth but also create broad-based opportunity.
Tackling them means shifting America's economic model — tilting the playing field away from consumption toward production; away from entitlement spending and more toward investment in infrastructure, skills and technology; mitigating those forces that concentrate wealth and nurturing instead a broad-based opportunity society.
To the contrary, it requires that Democrats develop a narrative about how political opportunists have used race and gender to divide us, to demonize government in the eyes of many working-class whites, and to prevent us from joining together in a broad-based coalition to fight widening inequalities of income, wealth, and political power.
Besides ameliorating social ills such as wealth inequality and a lack of economic mobility, broad-based wage growth can "boost macroeconomic growth and stability in the medium run by closing the chronic shortfall in aggregate demand," the report said.
In the second half of the 20th century, nonprofit organizations that relied heavily on donated revenues increasingly turned to high-wealth individuals for major gifts, in comparison to broad-based funding mechanisms seen in previous decades (such as the March of Dimes campaign to end polio).
The chaos and policy shifts of the period wiped out much of the world's previously accumulated wealth and set the stage for a burst of rapid, broad-based growth.
It's a good idea to price externalities and support broad-based research, and it's probably a good idea to also continue developing fossil fuel assets the wealth such development generates enhances our ability to invest now and consume later.
Fear of inflation and broad-based aversion to debt also help to explain a striking divergence in the perception of Germany's wealth at home and abroad.
