The gap between the rich and the poor is widening very fast. What are the causes and effects of this widening gap? You may give solutions based on your knowledge and experience.
The bridge between those who are well off and those who are economically challenged is getting broader day by day. Not only
this
essay will discuss the causes behind it but also
it will discuss the effects.
To begin
, there are various causes of the ever-widening gap between the rich and the poor. Firstly
, though the motto of the government is redistribution of wealth , it has failed completely in achieving this
objective. The trickle-down approach of governments assumed that it will help to alleviate poverty
, however
, a quick look at stats reveals that wealth is getting accumulated by only some people
. For example
, a recent survey by Time magazine mentioned that the top 20 people
in India own more than 2 times of the Indian GDP. Secondly
, those who are better off have a moral obligation to help those who are worse off. But, there are very few who believe in this
, since there are not many corporates into social welfare.
Furthermore
, this
gap between the higher and the lower economic strata is producing catastrophic results. First
and foremost, the lifespan of those below the poverty
line is lower by 28%, when compared with people
above the poverty
line. If people
are going to live lesser, then
their chance to contribute to society becomes bleak too. Additionally
, the poor are more vulnerable to exigencies such
as medical emergencies. Which can result in a perennial debt trap and makes it next
to impossible to break the vicious cycle of poverty
. A recent survey of the World Bank has suggested that 78% of economically weaker people
could not come out of poverty
, as they had taken loans to pay for their medical bills.
To conclude, the gap between the rich and the poor is getting wider due to the non-performance of governments and the ill will of corporates. I think that there are some serious consequences of this
bridge, such
as lower life expectancy and the perennial debt trap of economically challenged people
. The solution lies in addressing the causes.Submitted by amreshcg on
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Answer the 'Problem and Solution' topic
Problem-and-solution essays fall naturally into two parts, the first describing and exploring the problem, the second setting out the solution or solutions.
You essay structure should look something like this:
- Introduction
- Body paragraph 1 – Problems
- Body paragraph 2 – Solutions
- Conclusion
Examples to start your body paragraph:
- One of the first problems of the...
- Another problem that needs to be considered...
- A possible solution to this problem would be...
- One immediate practical solution is to...
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