wealth redistribution
nounUK /wɛlθ ˌriːdɪstrɪˈbjuːʃən/
US /wɛlθ ˌriːdɪstrɪˈbjuːʃən/
When money is shared out again so that everyone has a fairer amount.
The government talked about wealth redistribution to help poorer families.
RELATED WORDS
OTHER MEANINGS
2. The process of moving money or goods from one group to another.
Wealth redistribution can happen through taxes and benefits.
3. A political idea about making incomes more equal.
Some parties support wealth redistribution as a way to reduce poverty.
4. Sharing out resources more evenly among people.
The charity's wealth redistribution program gave food to those in need.