Redistribution of wealth

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

ee also

* Income redistribution

Wikimedia Foundation. 2010.

Look at other dictionaries:

  • redistribution of wealth —    punitive taxation    As Abe Lincoln observed, making the rich poor doesn t make the poor rich:     ... wilful and cruel disruption of the economic fabric that was called the redistribution of wealth. (Allbeury, 1976) …   How not to say what you mean: A dictionary of euphemisms

  • redistribution of wealth — /ˌri:dɪstrɪbju:ʃən əv welθ/ noun the process of sharing wealth among the whole population …   Dictionary of banking and finance

  • redistribution — noun ADJECTIVE ▪ major (esp. BrE), massive, significant ▪ The new regime carried out a major redistribution of land. ▪ The tax increase implies a significant redistribution of income. ▪ equita …   Collocations dictionary

  • wealth — noun 1 money, property, etc. ADJECTIVE ▪ considerable, enormous, fabulous, great, immense, incredible, tremendous, unimaginable, unprecedented, untold …   Collocations dictionary

  • redistribution — noun a) The act of changing the distribution of resources The redistribution of wealth between the rich and poor has been tried many times. b) The act of distributing copies of books papers or digital media. The redistribution of this software in …   Wiktionary

  • redistribution — noun distributing again the revolution resulted in a redistribution of wealth • Derivationally related forms: ↑redistribute • Hypernyms: ↑distribution …   Useful english dictionary

  • redistribution — re‧dis‧tri‧bu‧tion [ˌriːdɪstrˈbjuːʆn] noun [uncountable] ECONOMICS when a country s wealth and income are shared out more equally among people, especially as a deliberate effect of a government s tax system: • This government is committed to a… …   Financial and business terms

  • Redistribution — or redistribute can mean: Economics Redistribution (cultural anthropology) in relation to non market economic exchange Redistribution (economics), redistribution of income, property and/or wealth Redistributive change, theory of economic justice… …   Wikipedia

  • wealth — [welθ] noun [uncountable] a large amount of money or valuable possessions: • Colombia s economy needn t rely solely on its mineral wealth. • The legislation is designed to give American firms the ability to generate wealth from overseas… …   Financial and business terms

  • Wealth tax — Taxation An aspect of fiscal policy …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”