- Redistribution of wealth
Redistribution of wealth refers to the transfer of wealth from some individuals to others.
Methods of transferring wealth
The transfer of wealth can occur in various ways. Some methods for transferring wealth are voluntary transfers from those who have it to those who do not. Other methods involve forcibly removing the wealth from those who have it and redistributing it to those who do not.
Several political systems are designed to redistribute wealth including Communism, Socialism, and Welfare Capitalism.
Voluntary transfer of wealth
Charity is a common method of shifting wealth from those who have it to those who do not.
Forced transfer of wealth
Some methods for this are:
welfare, slavery, taxation, inflation, devaluation, government policies, or theft
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Look at other dictionaries:
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