The theory of redistribution systems is based on the fact that most social systems, i.e. an environment in which people exist, have the character of a redistribution system – where estates, pensions and resources are being redistributed among individual members of the system.
Redistribution of income and wealth is the transfer of income and wealth (including physical property) from some individuals to others through a social mechanism such as taxation, welfare, public services, land reform, monetary policies, confiscation, divorce or tort law.
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