Wealth Redistribution

Wealth redistribution refers to the transfer of wealth and resources from richer segments of society to poorer ones, with the aim of reducing inequality and ensuring a fairer distribution of resources. In the context of socialism, this often involves government policies such as higher taxes on the wealthy, social welfare programs, and public services. The idea is that by redistributing wealth, society can provide everyone with basic needs, improve quality of life, and promote social justice, allowing individuals to thrive regardless of their economic background.