Many people say the gap between rich and poor people is wider, as rich people become richer and poor people grow poorer. To what extent to you agree or disagree?
Contemporary world witnesses a growing concern of wealth inequality. Although I accept that the wealthy grow richer and richer, I am not convinced that the poor become poorer.
There are several reasons for the sustainable enlargement of the rich’s property. Firstly, they have strong financial base to provide their offspring the most favorable conditions to develop. These rich children have access to advanced education in the very early stage of their life. As a result, the young heirs are fully prepared with all essential knowledge and skills in order to inherit and remain their parents’ affluence. Otherwise, rich people understand how to make their money generate. They focus on effective investment strategies like business or stock, which ensures the sustainable growth of their income.
On the contrary, I still believe that poor people would no longer live on the breadline. The first reason is that the rising affluence of rich people also benefits the impoverished. The richer the wealthy are, the more tax they pay for the government and the more charity donations they make. Therefore, the needy could receive sufficient financial support to afford their life. Otherwise, some long-term strategies are employed by the government in order to resolve the problem of poverty at its roots. For example, some effective education policies such as granting underprivileged children tuition fee would pave the way for a stable job in their future.
In conclusion, although I believe that the wealth are becoming richer, the poor’s living standards are also enhanced, therefore, reducing the rich-poor gap.
From: Ms Hồng, giáo viên tại trung tâm luyện thi ielts Egroup (7.5 ielts)
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