In the US, social security is the biggest of them all, outweighing all the others put together. In some of those Scandinavian countries, other kinds of transfer programs are much bigger than in the US, e.g. child care, pay for sick leaves, etc. Barkley Rosser -----Original Message----- From: Doug Henwood <dhenwood at panix.com> To: lbo-talk at lists.panix.com <lbo-talk at lists.panix.com> Date: Thursday, August 17, 2000 12:42 AM Subject: Re: The "law" of wealth concentration
>>transfer system? what's that? the way those tax revenues are dist
>>and used in programs?
>Income transfers - welfare payments, unemployment benefits, pensions,
>child allowances, etc. More broadly, programs matter (health
>insurance, tuition subsidies), but strictly speaking, transfers are
>nonmarket forms of income.