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

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.