Income redistribution or redistribution of wealth is a policital policy promoted by member of the political left, especially socialists, and opposed by members of the political right.
The basis premise of the belief is that money should be equally distrubuted so it favors all members of society, and that the rich should be obligated to assist the poor. Thus, money should be redistrubuted from the rich to poor, creating a more financially egalitarian society.
Today, income redistribution occurs in some form in most democratic countries, most commonly through income-adjusted taxes (in which the amount of tax paid is directly connected to one's income), some of which goes to fund welfare programs to assist the poor.