Power concentration
Power concentration - Amplification of concentration of economic and/or political wealth and power, potentially resulting in increased inequality and instability.
ENTITY
3 - Other
INTENT
3 - Other
TIMING
3 - Other
Risk ID
mit980
Domain lineage
6. Socioeconomic and Environmental
6.1 > Power centralization and unfair distribution of benefits
Mitigation strategy
1. Implement robust progressive fiscal instruments, including substantially increasing top marginal tax rates on income, capital gains, and wealth, to systematically reduce the concentration of economic resources and finance redistributive transfer programs. 2. Enact comprehensive political finance reforms to strictly limit the influence of wealth on policy-making and simultaneously pursue the decentralization of governmental authority to lower administrative levels, thereby dispersing political power and enhancing grassroots accountability. 3. Strategically invest in human capital and opportunity for the lowest-income segments of society, focusing on universal access to quality education, healthcare, and training programs, to mitigate the structural and intergenerational persistence of economic inequality.