In the contemporary world, the phenomenon of a huge difference between low-income and high-income families is obvious. However, in recent decades, this gap has been rapidly growing, which leads many people to wonder if governments should support the poor and redistribute resources in another way. Meanwhile, others argue that it will hinder innovations and financial growth. In the following essay, I will examine both perspectives before stating my own point of view.
On one hand, many individuals believe that creating balance by imposing new laws on rich citizens is not rational, owing to a variety of reasons, such as potential inconveniences and negative comments. As a matter of fact, the more a person learns, the better his cognitive functions and critical thinking skills are. Additionally, this part of the society knows more trending topics and important events of the world, which allows them to reflect on the current economic situations. For instance, even though India has high rates of low-income households, the greatest developments and investigations by professional experts are held there, which positively contribute to the communities and other vital aspects of life. In light of the above, the rich already have enough chances for achievements, and the concept of redistribution of their resources can prevent the creation of a better world.
On the other hand, the idea of reaching a balanced society without discrimination diminishes inequality and benefits the general view of the land. One of the main pros, according to many studies, is that a stable republic is more preferred by investors. Moreover, not only do the rich have creative imaginations, but others also possess admirable imaginative ideas for improving the economics of the land. For example, Switzerland is considered the city with the lowest rate of poverty. It is well-known that this city has many developed technologies aimed at health and lifespan issues, which are currently growing concerns. Nevertheless, every person can contribute to these areas, as well as the other factors preventing prosperity.
In conclusion, while a lot of individuals believe that providing everyone equal chances is crucial for the future, others do not claim the same viewpoint since it is not rational for the powerful citizens. From my opinion, funding volunteering programmes and providing every person the rights to have an impact on society is crucial for a bright future. Also, I am fully convinced by the phenomenon of worldwide equality.