Final answer:
The term referring to higher income individuals who prefer limited government economic intervention but endorse regulation of social/moral issues and often align with the Republican party is conservative or neo-conservative.
Step-by-step explanation:
The term that describes those with higher incomes who want government to stay out of economic affairs but to regulate social/moral issues, and who typically align with the Republican party, is most accurately identified as conservative or neo-conservative. These individuals often believe in minimal government intervention in economic matters such as regulation of business and tax policies. However, they advocate for government involvement in social and moral issues. This school of thought aligns with the principles of modern conservatism, which supports smaller government roles in the economy and a focus on traditional moral values.
Historically, the conservative movement has put forth an agenda that includes reducing corporate and capital gains taxes, cutting government spending on social welfare programs, and favoring a free-market economy. Think tanks like the American Enterprise Institute and the Heritage Foundation have played key roles in advancing these ideas. Politically, conservatives espouse reducing taxes to encourage entrepreneurship and personal responsibility. Their beliefs often contrast with libertarian views, which promote both economic and social freedoms, and with liberal views, which advocate for more government intervention in the economy and social services.