Redistribution of Wealth

Redistribution of wealth refers to the process of altering the allocation of income and assets within a society. This is often pursued through taxes, social programs, and government policies designed to reduce economic inequality. The idea is to transfer resources from wealthier individuals or groups to those with less, promoting a more equitable society where everyone has access to basic needs and opportunities. Advocates argue it fosters social justice and stability, while critics may raise concerns about dependency or reduced incentives for wealth creation. Balancing these perspectives is key to discussions on equality and economic policy.