According to various studies and world inequality report 2018, large portion of world's wealth is concentrated in the hands of small portion of population, while the bottom 50% holds less than 2%. This distribution of wealth is highly unequal and cause of concern for many people, as it contributes to social and political unrest all over the world.
What governments can do to make it more equitable?
https://wir2018.wid.world/The government or rather those in authority can do nothing cos basically they are the cause of inequality to start with, let's take what happened in my country during the Covid period where the government had to hoard up the Covid palliatives from the masses that actually needed them while some sold them of and some of those palliatives end of spoiling. The government will always want wealth to be centered around them and they guard that circle with everything they can. A government where they masses are suffering and they stack away billions of money for a log time and it ends up decaying, money.
So you see the government can do nothing to stop inequality which they originated themselves
Governments have always been extremely inefficient, they attempt to redistribute the wealth they get by the taxes they extort from the population, but a great deal of that wealth is consumed by them as they generate a significant amount of bureaucratic jobs which are unnecessary, give themselves high salaries and create useless institutions, so despite their supposed good intentions they end up not helping the people that need their help the most.