Social protection has great potential to reduce income inequality. The way social protection policy implementation is financed could contribute to a solidarity-based society in which the strongest shoulders carry the biggest burden. There are mainly two domestic sources from which to finance social protection – contributions through labour and general taxes. It is important to better understand these funding mechanisms and their potential impact on the redistribution of wealth within a society. It is key to avoid the belief that solidarity is organised amongst the poor. It is also key to guarantee the universality of social protection to ensure no one is left behind and to include gender-sensitivity in the design and financing of social protection schemes.
Financing social protection to reduce income inequality: Ways forward
What type of tax policy is needed to guarantee the universality of social protection? Good practices and possible ways forward
Wednesday, June 19, 2019
13:00 to 14:15