Welfare for the Wealthy

Parties, Social Spending, and Inequality in the United States

Nonfiction, Social & Cultural Studies, Political Science, Government, Social Science, Business & Finance
Cover of the book Welfare for the Wealthy by Christopher G. Faricy, Cambridge University Press
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Author: Christopher G. Faricy ISBN: 9781316349458
Publisher: Cambridge University Press Publication: October 22, 2015
Imprint: Cambridge University Press Language: English
Author: Christopher G. Faricy
ISBN: 9781316349458
Publisher: Cambridge University Press
Publication: October 22, 2015
Imprint: Cambridge University Press
Language: English

How does political party control determine changes to social policy, and by extension, influence inequality in America? Conventional theories show that Democratic control of the federal government produces more social expenditures and less inequality. Welfare for the Wealthy re-examines this relationship by evaluating how political party power results in changes to both public social spending and subsidies for private welfare - and how a trade-off between the two, in turn, affects income inequality. Christopher Faricy finds that both Democrats and Republicans have increased social spending over the last forty-two years. And while both political parties increase federal social spending, Democrats and Republicans differ in how they spend federal money, which socioeconomic groups benefit, and the resulting consequences for income inequality.

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How does political party control determine changes to social policy, and by extension, influence inequality in America? Conventional theories show that Democratic control of the federal government produces more social expenditures and less inequality. Welfare for the Wealthy re-examines this relationship by evaluating how political party power results in changes to both public social spending and subsidies for private welfare - and how a trade-off between the two, in turn, affects income inequality. Christopher Faricy finds that both Democrats and Republicans have increased social spending over the last forty-two years. And while both political parties increase federal social spending, Democrats and Republicans differ in how they spend federal money, which socioeconomic groups benefit, and the resulting consequences for income inequality.

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