POVERTY AND LUXURY AS OBJECTS OF REGULATION: ANALYSIS OF RUSSIAN AND FOREIGN PRACTICES OF REDUCING SOCIAL INEQUALITY

Abstract

Inequality is the unequal distribution of goods and resources among members of society. Each state, based on the history of development, social system, political regime, socio-economic formation, interprets this concept in its own way, the expediency of its existence and its limits. Two extreme points of inequality - luxury and poverty are the objects of regulation of government policies, and if the need to combat poverty is unanimously recognized at the global level, then control over excess profits is still the subject of fierce debate, both in the scientific and political and economic communities. The article analyzes the experience of different countries in the use of diametrically opposed tools aimed at reducing economic and social inequality. It is concluded that the choice of certain tools to reduce inequality in society is determined by the institutional conditions for the development of the state, in particular, the level of legitimacy of income inequality and opportunities in society.