Economic Disparity a Menace

Economic Disparity among the rich and poor ones in human societies is on the rise day by day. Income gaps have created many new problems especially, in developing countries.

This essay will discuss the critical problems people face, and the latter half will explore some feasible solutions.

Firstly, Income disparity is also one of the responsible factors for the rising differences in human societies. The poor get deprived of medical aids, education system, housing, grocery purchase, and overall healthy lifestyle. The poverty-stricken can not do anything except going with the option to resort to criminal activities to sustain life. For example, kidnapping, child trafficking, terrorist activities, smuggling, and other wrong activities are happening across the nations.

Secondly, overindulgence of the wealthy people has spiked the cost of living, provoking low-paid ones to commit suicidal attempts. For instance, thousands of farmers commit suicide due to a lack of money to sustain their families and lives.

However, there are some solutions to alleviate such economically challenging issues.

Primarily, the Government should introduce schemes and scholarships so can deprived sections can also get the chance to compete and qualify like others. Seat reservations for jobs and higher studies for below poverty line category people can ensure some level of social parity.

Similarly, Government should allow equality in taxation as per the individual income. One should be allowed to pay tax as per the personal income. Tax earned by the Government should be appropriately diversified and invested in areas that bring more jobs.

To sum up, achieving equality in societies mainly, in the developing nation, demands government support and attention.