Many people say the gap between rich and poor people is wider, as rich people become richer and poor people grow poorer. What problems could this situation cause and what measures can be done to address those problem?

In recent decades,

wealth

inequality has been receiving a great deal of public attention due to its substantial impacts on society.

Although

the problems associated with

this

situation can be pronounced, they are not without solutions. There are a number of problems caused by

wealth

inequality.

First

, since the rich become richer and the poor become poorer, there will be more and more people cannot make ends meet, or even do not have a job. If the number of unemployed workers increases, there would be more crime cases as these people have to break the law just to make a living.

Second

, by possessing most of the

wealth

, rich people have the power to manipulate politicians, or even lawmakers, to impose laws in favour of them at the expense of poor ones.

For example

, plenty of evidence suggests that real estate companies and private banks in Vietnam have even gotten richer with the policies made by Vietnam government.

Nevertheless

, there are various solutions to tackle the problems. One of the best solutions is that governments should impose higher tax rates on the rich. The revenue collected can be invested in building infrastructure,

such

as hospitals and new roads, creating better condition for the majority of people.

In addition

to tax policies, authorities could provide free education to give equal opportunities for all people.

For instance

, in Canada, the gap between the rich and poor has greatly been narrowed thanks to their free education policy. In conclusion, even though

wealth

inequality can cause a whole host of issues, there are still many practical solutions. By providing free education and changing tax policies, governments can create a fairer society.