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Capital poor

Glennerster, Howard (2006) Capital poor. Benefits: the Journal of Poverty and Social Justice, 14 (1). pp. 27-32. ISSN 0962-7898

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Poverty campaigners have devoted too little attention to the fact that most poor people have no assets. Tom Paine (1969) wanted to tax the assets of the wealthy, transferring the proceeds to citizens at the beginning of life. Modern neo-conservatives want to replace the welfare state with a capital grant at birth. This article rejects the latter course on the basis of economic theory and praticability. But it does advocate capitalising welfare and tax benefits in the case of higher education and pensions, as well as extending housing asset ownership.

Item Type: Article
Official URL:
Additional Information: © 2007 The Policy Press
Divisions: Social Policy
Centre for Analysis of Social Exclusion
Subjects: H Social Sciences > HN Social history and conditions. Social problems. Social reform
H Social Sciences > HV Social pathology. Social and public welfare. Criminology
Date Deposited: 18 Mar 2008 16:41
Last Modified: 15 Sep 2023 13:22

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