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.

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The bridge between those who are well off and those who are economically challenged is getting broader day by day. Not only
this
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essay will discuss the causes behind it but
also
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it will discuss the effects.
To begin
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, there are various causes of the ever-widening gap between the rich and the poor.
Firstly
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, though the motto of the government is redistribution of wealth , it has failed completely in achieving
this
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objective. The trickle-down approach of governments assumed that it will help to alleviate
poverty
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,
however
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, a quick look at stats reveals that wealth is getting accumulated by only some
people
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.
For example
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, a recent survey by Time magazine mentioned that the top 20
people
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in India own more than 2 times of the Indian GDP.
Secondly
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, 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
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, since there are not many corporates into social welfare.
Furthermore
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,
this
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gap between the higher and the lower economic strata is producing catastrophic results.
First
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and foremost, the lifespan of those below the
poverty
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line is lower by 28%, when compared with
people
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above the
poverty
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line. If
people
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are going to live lesser,
then
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their chance to contribute to society becomes bleak too.
Additionally
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, the poor are more vulnerable to exigencies
such
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as medical emergencies. Which can result in a perennial debt trap and makes it
next
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to impossible to break the vicious cycle of
poverty
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. A recent survey of the World Bank has suggested that 78% of economically weaker
people
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could not come out of
poverty
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, 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
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bridge,
such
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as lower life expectancy and the perennial debt trap of economically challenged
people
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. 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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