Predistribution opens up a new set of policy tools but also a key constraint

Paul Gregg discusses the case for a focus on predistribution: policies that target income inequality in a preventative sense rather than interventions in terms of higher taxes and benefits. He highlights the benefits of predistribution; for instance, that the political space for action is substantially greater than for tax and benefit redistribution, as well as highlighting a key constraint: indirect interventions often lack the power to overturn the deeper processes already at work.