Ratio of poverty is increasing worldwide. What are the reasons for world poverty? What can be done to help the poor’s?

The augmenting
poverty
rate is currently one of the most pressing issues across the globe. While the uneven distribution of
wealth
and job outsourcing breed
this
, universal basic
income
and
tax
reforms can aid us in eradicating
this
global problem. The
wealth
inequality and the movement of production facilities abroad are ascribable to the rising proportion of those living on the
poverty
line. Reflecting on the former reason reveals that in most world countries, the assets,
such
as land, profit from natural resources, and real estate is concentrated in the hands of a few.
This
allows
this
small group to have
an
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enormous control over the prices of food, utilities and housing that can lead to the devaluation of most people's
income
who may
subsequently
find themselves among the poor.
Moreover
, affluent countries tend, nowadays, to transfer their manufacturing sites to foreign lands with cheap labour and low taxes. The more manufacturers resort to
this
method of outsourcing, the more locals may be jeopardised to be made redundant and lose their basic means of survival. The
wealth
gap and work relocation, in
this
sense, can impoverish the world population.
Nevertheless
, provided that
universal
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a universal

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basic
income
scheme is applied and the rich are taxed more, we are able to combat
the
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global
poverty
. The
first
solution stipulates that a government provides all citizens irrespective of their
wealth
and employment status with a particular amount of money regularly.
This
is generally sought to incentivise people, whilst its ultimate goals are to balance inequality and reduce
poverty
. Another solution is to impose higher taxes on the well-off layers of society and put a stop to
tax
evasion schemes. If the
income
tax
for the rich were,
for example
, raised, and
illigal
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illegal

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tax
avoidance activities,
such
as money laundering or falsified
tax
declaration, ceased to exist, these additional funds could be invested in
poverty
alleviation and job creation programmes. In conclusion,
although
the
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poverty
is on the rise worldwide, governments can still tackle it through monetary and taxation projects.
Submitted by sarvarovich98 on

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