The political theory that advocates for the redistribution of wealth is often referred to as socialism. This ideology emphasizes the need for equitable distribution of resources to reduce inequality and ensure that all members of society have access to basic needs and services. Proponents argue that without intervention, the market can lead to excessive concentration of wealth among a small elite, while detrimental effects occur for the majority. Redistribution can take various forms, including taxation, public services, and welfare programs aimed at improving the quality of life for all citizens.