There are many different types of inequality in our world today. Many scholars have researched the growing gap between the rich and the poor. The difference is surprisingly growing every day to a point where some people started to believe that life is unfair. Inequality comes in many different ways and means different things to different people. There is inequality in status, gender, opportunities, justice and income that widens the gap between the rich and the poor globally. In some countries, the poverty level is very high due to high taxations, people with low wages are highly taxed, and they remain poor. Income inequality can also be discussed regarding economic inequality or monetary inequality which determines people's living conditions.
Economic inequality also promotes inequality in education, health, and nutrition. Economic inequality can be discussed in different ways, the bias of well being that is as a result of material dimension and the results of the poor condition that is beyond one's control. Another view is inequality of opportunities that are beyond one's, and it suppresses one's potential to use skills and talent. Capitalism has dominated the world today the dynamics of de-democratization are global and is happening in many states in similar ways. Therefore, it is difficult to find a solution in the national level because the problem affects the entire world.
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According to some economists, a massive increase in economic inequality has taken place globally since the 1970s. Thomas Pikkety u-shaped graphs have on twentieth-century income inequality. The downward trend of income has been shown in the chart since the twentieth century to around 1970 and a very sharp upturn in inequality to a point whereby, revenue in 2010 is similar to the one in 1910. The trend is marked explicitly in Anglo-Saxon countries like UK, Columbia, US, Australia, and Canada. The pattern is also spotted in emerging countries with middle income such as South Africa, India, China, Columbia, Argentina, and Indonesia. According to Kastein, the democratization of recruitment in executive authority with a degree of independence leads to political opposition and completion.
When an increase in independence is experienced in a communist country, inequality will increase to a lesser degree than in a country that is non-communist. When independence increases, democracy leads to more variation and less distribution. Singer 1081 explains how the poor are badly of due to taxation and redistributions. The singer came up with compelling reasons for voluntary redeployments. He suggests that the only way the rich can help the poor is by distributing resources. He believes that every life is equally important and it is unfair to impose the same taxation to both the rich and the poor. He compares that form of tax to robbery. Singer suggests that the poor should be fully supported through the distribution of resources when they are in a terrible condition. He emphasized so much in reducing inequality through voluntary redistribution.
Nobel winner in Angus Deaton wonders if redistribution of resources from rich states or countries to developing countries or states will make the world a right place. He believes that inequality in health is because of the poor redistribution of resources. For example, some Nations or social groups have benefited from getting better health care due to medical discoveries that take a more extended period to be processed in other Nations or states. The facts that the discoveries take a more extended period to be distributed widen the gap between the countries. However, being born in a poor environment does not necessarily mean that a person will stay poor, enhancing skills, education and training processes including social assistant programs can help people to get out of poverty. Economic Inequality can also be reduced when quality education is distributed equitably across the Nations.
