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1.
Noun:

Robbing Peter to pay Paul. Essentially taking money in the form of taxation from one hard earning person and giving it to another person with less economic worth. A Socialist tenet often done in the name of equality, but usually done to gain favor with the poor, urban liberal voters. It is also known as the governments slush fund for funding social programs.
Business owner: Because of wealth redistribution, 40% of my income was taken from me and given to lazy, less fortunate people to sit at home. Now I cannot afford to hire the determined, less fortunate people who are actually looking for work.
by MK the Political Scientist March 14, 2010