Sustainable Development is often described as being built on three, equally important foundations or pillars: Pillar 1: Social development To have a sustainable future, the needs of people must be met equally. Needs are things like access to food, suitable housing, medical care, and sanitation i.e. basically what is popularly known in India as “roti”, “kapda” aur “makan”.
Importantly, in contrast to previous estimates which only capture the income recorded in aggregate statistics in an incomplete fashion, distributional national accounts consistently cover all national income in aggregate data. In addition, this work provides estimates for both pre-tax and after-tax income, documenting the extent to which the tax system has dampened the increase in US income inequality over the past few decades.