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Economics

  • Date Submitted: 03/25/2010 01:40 PM
  • Flesch-Kincaid Score: 56.7 
  • Words: 265
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Unfair distribution of wealth.

As our economy and GNI grow and become more productive as well as more prosperous, it is evident in our 'affluent society' that the profits only benefit a few people. The middle and lower classes seem to be the victims in World's magnifying wealth-gap. The wealth-gap is the difference in income and prosperity between the rich and the poor. Our wealth-gap widens due to taxation differences, investment differences in stocks and bonds, and the unfair job opportunities. A person is considered wealthy when their income is considerably larger than that of the average person in their community. Society encourages everyone to strive for power and wealth. Yet given the situation, not everyone attains what he wants. A person status in society's social ladder is determined by their wealth. There are three social classes: the upper,   middles and lower class. The lower class is referred to as the poverty-stricken class. Thus, taxation differences, evading taxes by tycoons, special incentives for them show a reason for which the wealth-gap continues to widen. They may improve their economic situation slightly, but at the rate that the economy is going, they will not prosper as much as those who are already in the lead. This leaving the rich wealthier and the poor more poverty-stricken and they are down on their luck. In my opinion there are many key factors to diminish the wealth-gap, like tax exemption or free securing loans, donations for paupers and jobs for them in key industries with high salary and surcharges.

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