Abstract:In the 20th century, wealth inequality in Westerm countries displayed the tendeney declining initially and then followed by rising up. Therate of inerease in wealth inequality in China in the past 30 years kept growing very fast and is becoming seriously uneqgual now. Great importance,hence, must be attached to it. Medieval scholastics and later natural jurists thoughts on wealth distribution can be summarized as "private propertyrights plus necessities rights". From Adam Smith to John Mueller, the basic idea of elassical economics to solve the problem of wealth distributicnchanged to "private property rights plus wealth redistribution", which continues to this day. To reduce wealth inequality, China should speed up thecollection of taxes such as property tax, inheritance tax, gift tax, and adopt progressive taxation. Moreover, we must resolutely reverse the reverseredistribution effect of the fiscal and taxation system. The structure of the tax system should be shifted from indirect taxes to direst taxes, and thetaxation of property ineome should also be increased.
