All over the world, the rich are becoming richer and the poor are becoming poorer. What problems does this cause? How can we overcome the problems of poverty?
Nowadays, it is quite noticeable that the socio-economic gap between the wealthy and the destitute is increasing which will result in many deteriorating impacts on the country's economy like inflation percentage hikes and uncontrollable crimes. These damaging effects can only be controlled by the timely intervention of the government by implementing rigid tax laws and the provision of free benefits to the needy.
To embark with, widened financial gaps will undoubtedly spike the country's inflation rate and
this
will make it more difficult for the under-privileged to survive. To exemplify, there are diverse social classes in India and Linking Words
this
has contributed to a high inflation percentage of 5% compared to an average global rate of 1%. Linking Words
Furthermore
, it is evident that the unevenly distributed wealth resulted in elevating criminal activities ,especially in these developing countries. To explain Linking Words
further
, many educated youngsters started committing robbery to loot from the elites as they are finding it difficult to manage the never-ending needs of their families which in turn hinders the overall progress of the nation.
The above-mentioned problems can be resolved to a great extent with regular support from the regulators . Linking Words
Firstly
, they can introduce new laws to incorporate higher tax percentages for the high-income generators with a clause to claim reductions if charitable contributions are made. To be more clear, Linking Words
this
rule will encourage many high tax-payers to initiate many charity services in order to claim exemption and that in turn will benefit the less fortunate. Linking Words
In addition
, authorities can implement many subsidiary programs like the provision of free houses, elderly allowances, education scholarships and unlimited access to healthcare which can slowly diminish Linking Words
this
economic condition.
To conclude , it is undeniable that the majority of the global resources are accumulated with a certain fraction of the population. Linking Words
This
has contributed to many detrimental impacts on the boom and crime rate which can only be controlled with the succoured support from the government in the form of introducing tight tax laws and provision of government subsidiaries.Linking Words
Submitted by ansujames 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.
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- 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...
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- One immediate practical solution is to...