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 take from the wealthy and give to low-income citizens. This is done to reduce the disparities between the highest and lowest income brackets. It is also commonly referred to as a progressive tax policy. Regressive policies, on the other hand, increase income disparities, while a flat tax treats all income earners equally, regardless of their income level. Policy of retribution is not a term used in economics or politics.

A Policy Designed to Tax or Spend in Such a Way