The gap between the rich and the poor is becoming wider; the rich is becoming richer, and the poor are getting even poorer. What problems can the situation cause? What can be done to reduce this gap?

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In
this
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modern era, a weird pattern of unevenly divided
wealth
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has been observed. Wealthier
people
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have greater opportunities to earn even better while the less fortunate ones are facing a deteriorating
situation
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.
This
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essay will elucidate the issues associated with
this
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unfavourable
situation
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and the possible solutions to narrow the financial rift. To embark upon, more
money
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is associated with a higher crime rate. The reason being, rich
people
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use the
money
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to turn situations in their favour. Bribes are, indeed, used to get the job done.
For instance
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, a famous movie "No one killed Jessika" shows how
money
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can be used to save criminals.
Moreover
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,
this
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gap in
wealth
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is making the living
situation
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for poor
people
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even worse. Because the poor
people
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barely have enough
money
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to fill the jobs forms, these jobs are being acquired by
people
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who already have a good income source.
For instance
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, according to a survey 80 per cent of the children from poor families drop out of the schools.
Hence
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,
this
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situation
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is giving rise to greater problems that need immediate attention.
Furthermore
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, the issues associated with unevenly distributed
wealth
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needs immediate attention. Some possible solutions can be implying more taxes on the rich class.
In addition
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, more taxes will contribute to the country's economy; meanwhile, contribute to reducing the
wealth
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of
people
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little by little. To state an example, these humans will buy an Audi car irrespective of the higher tax. Albeit, the problem can be
further
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solved by providing more benefits to the poor class.
This
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will help them to improve their financial condition while giving them better living standards. To illustrate, the government must introduce schemes
such
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as free education, food items at lower rates etc.
Thus
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, providing them with better benefits will help to bridge the gap. In conclusion,
this
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essay elaborated on the problems associate with the financial gap between the rich and the poor simultaneously suggested some solutions to address the issue.
Submitted by nikita04chauhan on

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Topic Vocabulary:
  • economic disparity
  • crime rates
  • wealth inequality
  • social segregation
  • education gap
  • affluent
  • mortality rates
  • uneven access
  • hopelessness
  • disenfranchisement
  • progressive taxation
  • redistribute
  • quality education
  • social programs
  • economic disadvantage
  • higher wages
  • entrepreneurship
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