A way to reduce the disparities in wealth between the rich and poor is called a(n) ________.

Question

Quizplus · Accepted Answer

A policy of redistribution involves taking from the wealthy via taxation and distributing resources to the poor. This is a direct way to decrease the wealth gap. Entitlement programs may aid the poor, but they do not necessarily address the root causes of wealth inequality. Tariffs and regressive tax policies may not directly address wealth disparity between individuals or classes. Loopholes can allow for the wealthy to avoid taxation, exacerbating wealth disparities.

A Way to Reduce the Disparities in Wealth Between the Rich