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What does redistribution of wealth mean?

Looking for the meaning or definition of the word redistribution of wealth? Here's what it means.

Noun
  1. (economics) The process of redistributing income between members of a society through transfer payments, taxes, etc.
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Examples
Women want progressive taxation of businesses and individuals based on the principles of justice, equity and redistribution of wealth.
It should stop propping up right-wing repressive regimes, and should not crush attempts at reforms and the redistribution of wealth.
Jesus' emphasis on redistribution of wealth to the poor and on non-violence reinforces the right perspective on responsibility to protect.
The socialist ideal principally focuses on a fair redistribution of wealth, while liberals concentrate on an effective production of such wealth.
Aimed at a significant redistribution of wealth, you would be excused for wondering where the green stuff is at the Green conference.
For we have a principle in this European Union of ours, the socialist principle of redistribution of wealth from the rich to the poor.

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