It is a proven fact that the gap between wealthy and low-income families is widening whole across the globe. As a result, education has become inaccessible to the poor as well as an increase in crime rates. However, it can be tackled by imposing a high percentage of tax on wealthy people and by introducing the government welfare schemes for needy people.
One of the main problems caused by the unequal distribution of wealth is that education has become inaccessible to the poor. Nowadays, quality education has become very expensive. For instance, A-class schools and colleges are incredibly costly and not within the reach of poor people. Due to this, these people are not able to compete for high paying jobs, and it becomes a fundamental disadvantage for them. Furthermore, another critical issue is the increase in crime rates. As marginalized groups most often do not make enough money to meet their basic needs, they resort to atrocious acts such as burglary and theft.
To solve the grave problems caused by poverty, the government should help the needy people to improve their standard of living by offering them food, health care, and education for free or at concessional rates. Moreover, High rates of taxes ought to be imposed by the tax authorities on the high-income groups so that collected money can be spent on the welfare schemes of the poor for reducing the gap between rich and the poor. For instance, Tax authorities have made slabs for tax rates means a significant percentage for the high-income group and low proportion for the low-income group.
In conclusion, it is imperative to bridge the gap between the rich and the poor for consistent growth as well as development. Efforts applied in this direction will have long-term benefits that improve the global ranking of a country.
It is a proven fact that the gap between wealthy and low-income families is widening whole across the globe.
As a result
,
education
has
become
inaccessible to the
poor
as well
as an increase in crime
rates
.
However
, it can
be tackled
by imposing a high percentage of
tax
on wealthy
people
and by introducing the
government
welfare schemes for needy
people
.
One of the main problems caused by the unequal distribution of wealth is that
education
has
become
inaccessible to the
poor
. Nowadays, quality
education
has
become
very
expensive.
For instance
, A-
class
schools and colleges are
incredibly
costly and not within the reach of
poor
people
. Due to this, these
people
are not able to compete for high paying jobs, and it
becomes
a fundamental disadvantage for them.
Furthermore
, another critical issue is the increase in crime
rates
. As marginalized groups most
often
do not
make
enough
money to
meet
their basic needs, they resort to atrocious acts such as burglary and theft.
To solve the grave problems caused by poverty, the
government
should
help
the needy
people
to
improve
their standard of living by offering them food, health care, and
education
for free or at concessional
rates
.
Moreover
, High
rates
of
taxes
ought to
be imposed
by the
tax
authorities on the high-income groups
so
that collected money can
be spent
on the welfare schemes of the
poor
for reducing the gap between rich and the
poor
.
For instance
,
Tax
authorities have made slabs for
tax
rates
means a significant percentage for the high-income group and low proportion for the low-income group.
In conclusion
, it is imperative to bridge the gap between the rich and the
poor
for consistent growth
as well
as development. Efforts applied in this direction will have long-term benefits that
improve
the global ranking of a country.