Severe Income Inequality

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Severe income inequality is an issue that plagues the citizens and governments on a local and global scale. While the income gap between the classes grows wider with time, the ability for the poor to improve their socio-economic status declines. In addition, the items that make a significant difference to the quality of life and upward mobility like advanced education, quality health care, safe and decent housing, access to transportation, and high income jobs are the domain of the upper classes. One of the sharpest divides between high and low income families is healthcare. Due to the high cost of healthcare, a large percentage of the underprivileged population are unable to afford it. For the few that do have it, the high deductible …show more content…

Education is a key aspect in everyone’s life that helps them prepare for future job opportunities and a higher standard of living. Unfortunately, education is harder to access for some individuals, and easier for others. For instance, many low-income families have trouble taking their child to school as a result of a lack of transportation. They also might not be able to make it to school or do homework after school because of family issues, such as having to take care of a family member or having to work after school hours. While these inconveniences are commonly found throughout the middle and lower class, this issue does not seem to occur in the higher-income families. High-income families can obtain advanced education opportunities, including attending elite private schools, while generally, low-income families cannot. In addition, impoverished individuals that decide to get a higher education after college can sometimes be drowning in debt once they get out of college. Conversely, the wealthy only have a small amount to pay off, if any at …show more content…

In China, the poverty line is currently set at 6.3 yuan a day, which is approximately $0.91 US dollars. In 2012, about 10.2 percent of the population made lower than the poverty line. This means about 13,974,000 people in China are in poverty. In Brazil, however, 16.2 million people live under $70 Brazilian Dollars ($20.88 US Dollars) per month, and 4.8 million of those people don’t have any flow of income at all. If global income inequality continues, I believe there will be a huge increase in poverty, immigration, and disenchantment, which could cause protests and revolts. However, it’s never too late to reverse our income disparity issue. The solutions for solving severe income inequality are simple. We need to improve education in low-income neighborhoods, raise taxes on everyone who is making a six-figure income and above while lowering taxes on those who are making less than a six-figure income. Lastly, healthcare should be provided as a civil right as well as being free to use. In conclusion, severe income inequality limits many people from getting proper education and healthcare. It’s a problem found within our community and around the world, and with proper solutions, it's a situation we won’t have to deal with in the

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