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?
The gap phenomenon between the rich and the poor is becoming bigger around the globe. It tends to provoke a multitude of complications that hinder the welfare as a whole. Nevertheless, there is a resolution to overcome this dilemma. In this composition, I will associate some problems behind this issue and provide the feasible solution on this matter.
There are uncountable quandaries that could occur when the ratio between the rich and poor is significantly imbalanced. First and foremost, the disproportionate financial impact would likely form a hierarchical society like it was as thousands of years ago. For instance, in In China, it has been a dilemma that there is an economical imbalance between well-off and impoverished families and the majority of the public are incapable of leaving for foreign locations. However, people having a large wealth differential travel around the globe without difficulties as well as they expand expend their business overseas. This accelerates not only the gap of their fortune, but intellectual power.
In spite of this predicament, we can take a more comprehensive observation at the measure to forestall this problem. Initially, people who are financially stable should give a helping hand for low income families, which and it would contribute to balance the phenomenon between the polarization of wealth. Also, the authorities could impose a heavy tax for the rich and distribute the national money for the sake of welfare of the public. Moreover, formulating a policy by government such as offering more job opportunities and programmes for the general public could be one of the resolutions to encourage them making a living by themselves to step out of their comfort zone.
To sum up, even though this could lead serious drawbacks, if the government and the public closely conjoin together with utmost concern about the future of country, this could be promptly dealt with.
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