As the world progresses, the class discrimination between 2 classes in the society is getting worse because the rich is more and more wealthy; otherwise, the underprivileged are living on the breadline. This may trigger some severe problems for the economy and social security and they should be taken by the authorities.
The widen gap between the poor and the rich will increase the risk of social discontentment and economic crisis. Firstly, because of unequal distribution of wealth, people who come from disadvantaged background often perceive that the wealthier are preventing them from occupational and service opportunities. They properly instill a sense of depression, which can cause high rate of crime commitment and threaten social order. Secondly, as for the economic aspect, the income inequality is closely linked with economic crisis. For example, the USA witnessed a great downturn in GDP of American citizens in 2008 due to the high rate of unemployment and unequal distribution of wealth. It is clearly that the wider the class gap between upper class and lower class is, the worse the economy becomes.
Fortunately, several initiatives can be taken to address these 2 pressing issues. On the one hand, the government should impose higher taxes on the rich and then use that revenue properly to alleviate poverty. This is of great importance because the amount of income tax from wealthy individuals and institutes will contribute greatly to state budget thereby welfare policies such as unemployment benefit and poverty alleviation programs can be implemented. On the other hand, social security should also be tightened to prevent the disadvantaged from extreme or illegal actions because they are usually tempted by extremists with some money to cause terror or commit crime.
In conclusion, the acceleration of crime rate and economic chaos are significant consequences of the wide socioeconomic gap and appropriate steps should be taken to tackle the problems.
As the world progresses, the
class
discrimination between 2
classes
in the society is getting worse
because
the rich is more and more wealthy;
otherwise
, the underprivileged are living on the breadline. This may trigger
some
severe problems for the economy and
social
security and
they should
be taken
by the authorities.
The widen
gap between the poor and the rich will increase the
risk
of
social
discontentment and
economic
crisis.
Firstly
,
because
of unequal distribution of wealth,
people
who
come
from disadvantaged background
often
perceive that the wealthier are preventing them from occupational and service opportunities. They
properly
instill a sense of depression, which can cause high rate of crime commitment and threaten
social
order.
Secondly
, as for the
economic
aspect, the income inequality is
closely
linked with
economic
crisis.
For example
, the USA witnessed a great downturn in GDP of American citizens in 2008 due to the high rate of unemployment and unequal distribution of wealth. It is
clearly
that the wider the
class
gap between upper
class
and lower
class
is, the worse the economy becomes.
Fortunately
, several initiatives can
be taken
to address these 2 pressing issues. On the one hand, the
government
should impose higher taxes on the rich and then
use
that revenue
properly
to alleviate poverty. This is of great importance
because
the amount of income tax from wealthy individuals and institutes will contribute
greatly
to state budget thereby welfare policies such as unemployment benefit and poverty alleviation programs can
be implemented
.
On the other hand
,
social
security should
also
be tightened
to
prevent
the disadvantaged from extreme or illegal actions
because
they are
usually
tempted by extremists with
some
money to cause terror or commit crime.
In conclusion
, the acceleration of crime rate and
economic
chaos are significant consequences of the wide socioeconomic gap and appropriate steps should
be taken
to tackle the problems.