Redistribution of wealth,
Definition of Redistribution of wealth:
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?
- 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.
- 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.
- 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