Income Redistribution

Income redistribution refers to policies and actions that aim to reduce economic inequality by reallocating wealth from richer individuals or groups to poorer ones. This can be achieved through taxation, social programs, and benefits that support low-income families. By providing assistance, such as healthcare, education, and direct financial aid, income redistribution helps lift people out of poverty, ensuring everyone has access to basic necessities and opportunities for a better quality of life. Ultimately, it fosters a more equitable society where resources are shared more fairly among all citizens.