What is the legal principle that allows all people to share in wealth known as?

The legal principle that allows all people to share in wealth is primarily known as community property law. This concept originates from civil law traditions and affects how property acquired during a marriage is treated. In jurisdictions adopting community property law, any assets or debts acquired during the marriage are typically considered to be jointly owned by both spouses, regardless of whose name is on the title. This means that, in the event of a divorce or separation, each partner is entitled to an equal share of property acquired during the marriage.

Community property laws intend to reflect the principle of shared contributions to a marital partnership, ensuring that both partners benefit equally from the wealth generated during that partnership. This body of law helps foster fairness and equity in the distribution of assets.

The other concepts do not align with this specific principle regarding the sharing of wealth. Equity law focuses on fairness in legal proceedings and remedies rather than the division of property. The public trust doctrine relates to the government's responsibility to manage natural resources in a way that benefits the public, which is not about wealth sharing among individuals. The divorce doctrine pertains specifically to the legal procedures and implications following a divorce, rather than a principle that governs wealth sharing in general.