Asset Ownership

• What do assets generate?

  Income
• How does equal asset ownership affect income distribution?

  It reduces inequality in income distribution
• Why did the UK government change the law in 1980 regarding council house tenants?

  To allow tenants to buy property at a discount
• What right was granted to council house tenants in the UK in 1980?

  The right to buy their property
• What is the purpose of the current shared ownership scheme?

  To promote asset ownership among individuals
• What connection exists between asset ownership and income inequality?

  More equal ownership leads to less income inequality