The third distribution is a key theoretical and practical agenda in the process of moving towards common prosperity. The important practical value of the third distribution is that it can make up

to some degree

for the “unreasonable” gap in income distribution and the “insufficient” satisfaction of spiritual needs caused by the “failure” of market and government regulation and control. From the perspective of the current development foundation

the assumption of “voluntary altruism”

the increasingly strong economic strength

the initially established institutional system and the rich and splendid traditional culture have laid the human

material

institutional and cultural foundation for implementing the third distribution in the new era. In order to give full play to the important role of the third distribution in promoting common prosperity

the practical approaches to improve the realization mechanism of the third distribution in the new development stage include activating the vitality of multi-party participation

improving the efficiency of organization and management

and reshaping the social credit system.