A policy designed to tax or spend in such a way as to reduce the disparities of wealth between the lowest and highest income brackets is called a

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A policy of redistribution is designed to distribute resources, such as income or wealth, more equally among the population. This typically involves taxing the rich at a higher rate and providing social welfare programs for the poor. This helps reduce the disparities of wealth between the lowest and highest income brackets.

A Policy Designed to Tax or Spend in Such a Way