Rich people are getting richer, and poor people are getting poorer. The gap between rich and poor people is widening. What problems can the situation cause? What can be done to reduce this gap?

Poverty

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is certainly a worrying challenge for most

of

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apply

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the

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apply

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countries, especially at a time of economic instability and social unrest.

Poverty

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is the condition in which rich

people

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get richer and poor

people

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get

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to get

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poorer.

This

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gap

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between the rich and poor is mainly responsible for

poverty

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. Inequality is the key factor that causes

poverty

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.

However

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,

this

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is not the only factor of concern, there

are

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is

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a range of equally pressing matters that affect and cause

poverty

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. To start with, it is extremely popular among the rich in society to show off their wealth which can be in the

form

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of luxury cars,

billion dollar

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billion-dollar

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houses, education facilities from abroad and much more.

In other words

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, rich

people

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invest

money

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to get richer

however

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in contrast

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poor

people

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due to lack of

money

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get poorer

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, therefore,

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therefore

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the

gap

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between rich and poor increases. Poor

people

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face enormous problems

such

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as unemployment.

Primary

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The primary

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reason for their joblessness is

lack

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the lack

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of educational facilities. Being poor they are not able to pay high rising schooling fees which in turn leads to unemployment. Real estate prices in cities and towns are ever-increasing which is not affordable by the poor society and

hence

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they are usually found living on

streets

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the streets

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.

However

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, if the

government

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focuses on how to reduce the

gap

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between the rich and poor it can create proper wealth distribution.

Government

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can charge the rich society in the

form

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of taxation. There should be a variety of taxes imposed

such

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as housing

tax

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, property

tax

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, food

tax

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and clothes

tax

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.

For

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instance

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,instance

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if

the

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apply

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rich

people

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purchase a property or plan to have an expensive dinner at a boutique restaurant or buy expensive jewellery

then

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they are inclined to pay a particular amount to the

government

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in

form

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of

government

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tax

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.

Thus

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the additional

money

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in

form

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of

tax

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paid by the rich gets distributed to the poor by the

government

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to fulfil their basic needs

such

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as food, clothes and shelter. To summarise, the problem of

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gap

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the gap

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between the rich and

poor

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the poor

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will increase if the

government

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does not take

a

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apply

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strict action to equally distribute the income and expenditure of

money

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between the poor and the rich.

This

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gap

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is not only harmful on an individual level but

also

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at the national level since if the number of poor

people

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increases it may lead to

poverty

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and the rich might brain drain the country.