The Gap Between the Rich and the Poor in America Essay.
One of the reasons why some countries are rich while others are poor is corruption. This is Africa’s and other third world countries cancer. The illegal acquisition of wealth and property for ones personal gains has cost many countries some substantial amounts of national income and revenue. The opposite applies for countries where this vice is not rampant.As a result, if the rich were to pay taxes trying to help the poor people, only a small amount of that money would actually get spent on the poor, whereas the great majority of the money would be spent elsewhere, so the rich people’s money is not helping the poor at all.Others say the inequality gap is weakening our democracy. Either way, there is a wealth gap between the rich and the poor in the United States and as this gap between the classes expands, there is a debate over what should be done. On one side, people believe that great inequality between the rich and the poor is incompatible with democracy.
The issue of increasing drift between the rich and the poor is pressing because it is directly proportional to the number of rich and poor people in society for many decades now. This is astonishing because the numbers are on the rise as time progresses. Typically, the inequality between the rich.The rich becomes richer while the poor becomes poorer. To help us understand the satirical situation, we need to go into the mentality of the rich and blessed people and compare it with the way of thinking of the poor and underprivileged people. Here are the ten distinct differences in the money mentality of the rich versus the poor people.
Essay The Gap Between The Rich And Poor. The gap between the rich and poor has been a problem since the late 20th century, but has become an even greater issue in the past couple of years. Currently, the top 1% of the richest people in the world own about 48 percent of the world’s capital. Economists predict that by the year of 2016, the top.
