In some parts of the globe rich
people
obtain more and more resources, Use synonyms
while
the situation with Linking Words
people
from low-income groups seems to worsen. In Use synonyms
this
essay, I will explore problems posed by rising differences in Linking Words
people
`s wealth and propose viable solutions to address these challenges.
To start with, Use synonyms
such
inequality in wealth amongst various human beings leads to the concentration of money and power in the hands of one community or family only. The risk of Linking Words
such
a situation is tough discrimination of those with lower income and, Linking Words
therefore
, social status. Linking Words
For example
, before the slavery abolishment in America, a host of black Linking Words
people
did not have any type of freedom. As they did not possess a sufficient amount of financial resources, they were forced to obey mean and snobbish Use synonyms
people
with enough money. Use synonyms
Additionally
, the disproportion of financial resources gives rise to social instability and fighting against not only the economic sphere but Linking Words
also
the political Linking Words
system
. Once Use synonyms
public
is dissatisfied with the gap between rich and poor, they want to protest against those who have been enriched unfairly. Referring to the history, American black Add an article
the public
people
made a long series of riots to successfully fight slavery.
To counter these challenges, famous economists developed a progressive Use synonyms
tax
rate scheme for balancing income levels. Use synonyms
This
Linking Words
system
practically means that the more you earn the more taxes you are obliged to pay. Implementation of Use synonyms
such
a Linking Words
tax
accounting method obviously results in enhanced financial equality in the state, because the poor spare some amount of their salary, Use synonyms
while
the affluent ones pay higher Linking Words
tax
rates. The progressive Use synonyms
tax
rate Use synonyms
system
was launched in Sweden, Use synonyms
as a result
Linking Words
alleviating
strain on low-income employees Wrong verb form
alleviate
while
maintaining the same Linking Words
tax
income for governments on account of rich Use synonyms
people
. Use synonyms
Next,
the state government can provide various types of benefits for Linking Words
people
in tough financial situations, Use synonyms
such
as Linking Words
tax
shields or reduced mortgage rates on the housing market. Use synonyms
Finally
, provide corresponding education and economic training to the impoverished population so that they can find jobs.
In conclusion, I could emphasize the fact that the growing gap between high- and low-income groups is a modern pressing issue. It promotes discrimination and social instability connected to the life dissatisfaction of poor Linking Words
people
. Fortunately, these drawbacks can be overcome by sound and appropriate state policy, Use synonyms
such
as a progressive Linking Words
tax
Use synonyms
system
and other benefits created by governments.Use synonyms
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