redistribution of wealth
Definition
Central tenet of most modern economies whereby a nation's wealth is channeled, from those who have more to those below a certain income level, through taxes that pay for welfare benefits.
redistribution of wealth is in the Economics, Politics, & Society subject.
This content can be found on the following page:
http://www.businessdictionary.com/definition/redistribution-of-wealth.html
email to a friend print this definition cite this definition