How does socialism address the issue of income inequality?

How does socialism address the issue of income inequality?

Socialism addresses the issue of income inequality by advocating for the redistribution of wealth and resources in society. It aims to create a more equitable distribution of income by implementing policies such as progressive taxation, social welfare programs, and public ownership of key industries. By reducing the concentration of wealth and providing equal opportunities for all individuals, socialism seeks to minimize income inequality and promote a more egalitarian society.