Imagine a country that has new leadership and is committed to transitioning to a welfare state similar to Sweden or Denmark. Raising tax rates significantly is a likely policy action that would allow this.
What is a welfare state?
- According to the principles of equal opportunity, equitable wealth distribution, and public responsibility for citizens who are unable to access the bare necessities for a good life, a welfare state is a system of government in which the state (or a well-established network of social institutions) protects and promotes the economic and social well-being of its citizens.
- The structure and development of the welfare state differ significantly between different nations and regions.
- All welfare states involve some form of public-private collaboration, with at least some social programs being administered and delivered by private organizations.
- At several geographical levels of government, welfare state services are also offered.
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