explain any four reasons why the government may decide to re-distribute income in a country
Answers
Answer:
Redistribution of income and wealth is the transfer of income and wealth (including physical property) from some individuals to others by means of a social mechanism such as taxation, charity, welfare, public services, land reform, monetary policies, confiscation, divorce or tort law.[2] The term typically refers to redistribution on an economy-wide basis rather than between selected individuals.
Answer:
Redistribution of income and wealth is the transfer of income and wealth (including physical property) from some individuals to others by means of a social mechanism such as taxation, charity, welfare, public services, land reform, monetary policies, confiscation, divorce or tort law.[2] The term typically refers to redistribution on an economy-wide basis rather than between selected individuals.
Interpretations of the phrase vary, depending on personal perspectives, political ideologies and the selective use of statistics.[3] It is frequently heard in politics, usually referring to perceived redistributions from those who have more to those who have less. Occasionally, however, it is used to describe laws or policies that cause opposite redistributions that shift monetary burdens from wealthy to low-income individuals.