Essay on 7 ways to narrow the rich-poor gap (in the United States of America)

 Social inequality exits in almost every culture. There is very noticeable financial gap between rich and the poor. The gap is so big that eight or nine people have wealth equal to half the population on earth. This increasing gap is creating poverty, crime and health crisis. Poor people think they are destined to be poor and there is no changing it. Income inequality can be attributed to poor policies that favour the rich and neglect the poor.

Affordable, Quality and Accessible Education for Poor People

If children are given proper education before the age of 5, they develop at a rapid rate than those who didn’t get the chance to go to school in their early days. Youth of country plays a vital role in its development. Education should be the right of all the children be it rich or poor. It should be affordable and accessible to all people. Poor people should be given access to quality education as well. Scholarships should be given to people who can’t afford to pay huge fees of colleges. If youth of country is well educated in can greatly contribute towards the economy of the country. Country can produce more researchers and scientists who make new discoveries.

Avoid Discrimination: Discrimination is they key factor in widening the gap between rich and poor. Equal opportunities should be provided to rich and poor. Also, women should be also given equal job opportunities because they can contribute towards the economy of the country. People should not be discriminated based on their race as well. Each human being has equal rights. Government should identify areas where discrimination is happening and should implement policies that favours rich and poor equally.

Encouraging Entrepreneurship

Government should give incentive to entrepreneurs who are facing financial difficulties in starting their business. Entrepreneurship is a great way to make people self-sufficient. They can earn their living by respectable means and to contribute towards the economy of country. Government should introduce financing options for start-ups that are interest free and there is relaxation in terms and conditions.

Reducing Social Gap: Social gap between rich and poor must be reduced, and they should benefit from each other. Rich people should give poor people opportunities to work with them and make them realize their true potential. They should build communities which does not discriminate between rich and poor but focus on living together as a community.

Progressive Taxation: Progressive taxation system can greatly reduce the gap between rich and the poor. People should be taxed according to their income. Although United States has a progressive taxation system in place it has loopholes which results in favouring the rich more. The loopholes in taxation system must be addressed so that burden or poor people can be reduced.

Increase in Minimum Wage: Increasing the minimum wage of workers can also greatly help in reducing the rich poor gap. It is one of the most effective ways to reduce inequality. There is a huge gap in income of CEO’s of multinational companies and a daily wage worker. Workers pay an important role in building the economy of a country so they must be given proper attention. Minimum wage of the worker should be kept up with the inflation rate. When workers are financially stable, they start to spend that money in their communities and businesses which boosts the demand for local goods and services. When there is demand there is supply and to create more supply you need people which in turn creates job opportunities.

Justice Reforms: There should be reforms in justice system that treats rich and poor equally. People who are in power abuse their position to put poor people in difficult situation. There should be accountability in justice system and people in power should be punished for their abuse of power.

Health Reforms: Affordable health care is the right of everyone. Poor people who can’t afford their medical expenses should be given incentives and quality health services. Although there are lots of people who are involved in charity and are donating a large portion of their income to hospitals it still not enough. Government should also ensure the health and safety of poor people and take proper measures to make sure that each person has access to medical and health facilities at an affordable rate.

Free Internet: Poor people who can’t afford monthly internet fees should be given free access to internet services. This can open lot of opportunities for poor people. They can start freelancing or market their brand to whole world. They can also grow their existing business and reach audience worldwide.

Conclusion on 7 ways to narrow the rich-poor gap (in the United States of America)

            In conclusion we should give equal opportunity to the poor people and they should not be neglected. They should be given access to proper health care and education. There should not be racial discrimination and social gap. We have to make them feel they are equally important for the country.