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Question:
Many people say the gap between rich and poor people is wider, as rich people become richer and poor people grow poorer. What problems could this situation cause and what measures can be done to address those problems?
Response:
It is commonly felt that the disparity between the rich and the poor is becoming wider. This circumstance can potentially lead to some negative consequences, which will need to be resolved.
To begin with, the widening inequity between social classes may cause some adverse issues. To illustrate, while elite people keep on spending money on excessive luxury, the impoverished can not cover basic needs, for instance, regular consuming of quality food. Having such unfairness, it is most likely that this situation is increasing dissatisfaction and aggression among needy people, which could result in a great number of protest demonstrations. Furthermore, many of poor people would probably commit crimes, such as burglary, robbery and even murder, in order to maintain their families and themselves. Additionally, high education for the majority of deprived young people might become more less accessible. Thus, they would have less chances to get a high paid job, which could allow them to improve their low conditions of life.
Nevertheless, there is a couple of measures in dealing with these issues. Firstly, the government should introduce special regulations, favouring the poor class, in terms of business practice. These regulations should also ensure that there is no monopoly, nepotism and corruption. Another method is to enlarge budgetary places for entrants from low-income families in colleges and universities. By doing this, more number of the deprived would hopefully acquire tertiary education.
In conclusion, since the growing financial inequality between the wealthy and the poor stratums of society can raise an unstable situation in a country and even a riot, it should be taken by the government currently, in order to prevent the consequences.