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?

As the world progresses, the gap between the two classes of society is widened because the rich become wealthy while the poor are living on the breadline.

Such

income inequality could lead to several problems, and some suggestions to improve

this

situation will be analysed in the following essay. Wealth concentration within a handful of individuals and institutions might result in two major issues.

Firstly

, the rich-poor gap could be the breeding ground for social unrest and political instability. The poor might perceive that the rich are the principal force of a hindrance to their occupational and service opportunities.

This

might be the precursor to discontentment, which potentially is the onset of social anarchy.

Secondly

, as poverty restricts the capacity of the underprivileged to access services and other life-sustaining matters

such

as education, employment, and medicine, they might resort to violence and opt for the life of criminals. There are several initiatives to reduce economic inequality, including progressive taxation and minimum salary legislation. Higher taxes should be levied on the rich, which could reduce the amount of income inequality in society.

On the other hand

, governments could use

this

money to supply free goods and services for those who struggle to make a living.

Also

of great importance is the increase in the minimum earnings of the poorest workers.

Although

it cannot be denied that the current system places much importance on individual competence to determine the amount of money one might earn, unskilled workforce who usually is from the lower class should be, still, provided enough to live sufficiently. In conclusion, chaos and the acceleration of crime rates are the two severe repercussions of the unequal distribution of wealth; and governments could impose heavy taxes on the rich and heighten the minimum amount of salary for the disadvantaged.