Redistribution of wealth

Redistribution of wealth,

Definition of Redistribution of wealth:

  1. Central tenet of most modern economies whereby a nations wealth is channeled, from those who have more to those below a certain income level, through taxes that pay for welfare benefits.

How to use Redistribution of wealth in a sentence?

  1. A socialist state often relies on the redistribution of wealth , where everyone produces to the best of his or her ability, and then the resources are redistributed to everyone as he or she has need.
  2. I was not a supporter of the redistribution of wealth and it made me really unhappy to see half the people in the class support it.
  3. You need to understand how the redistribution of wealth will affect your company and be ready to make the changes needed.

Meaning of Redistribution of wealth & Redistribution of wealth Definition