Arbitrary redistribution of income

Arbitrary redistribution of income is the economic policy of redistributing wealth according to a predetermined set of rules that are not based on any specific economic theories. This policy is mainly employed to reduce economic inequality through taxes and subsidies. By redistributing income, governments attempt to target money to those who need it the most, regardless of their level of earned income. Proponents of such a policy believe that it is important to help bridge the gap between the rich and poor and create a fair system of distribution. Critics of arbitrary redistribution argue that it often fails to achieve its desired outcomes and can thus be inefficient and costly.