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?

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