GEN 499 WEEK 5

1

Poverty and Income Inequality

Students Name

University of Arizona Global Campus

GEN 499 General Education Capstone

Instructor: Dr. Patricia Mouton

June 28, 2021

Poverty and Income Inequality

Poverty and Income Inequality is the worldwide socioeconomic problem that I have chosen for my final paper, with a special focus on the United States. The necessity of digging further into this issue will give a wealth of information on prior rates of inequality and how the United States has been influenced over time. This will assist me in becoming a better global citizen by allowing me to see how social issues affect others, even if they do not touch me. Human trafficking, drug trafficking, societal strife, and violence are only some of the ethical consequences of poverty (Bardazzi et al., 2021). These concerns are essential because when ethical difficulties become more prevalent, it leads to more violence in a certain region, resulting in a never-ending cycle of poverty. Combating the problem can assist reduce violence and crime, resulting in lower poverty rates.

Poverty and income inequality may be addressed in a variety of ways, one of which is to propose a more progressive tax bracket. Allowing for higher tax rates would allow the wealthy to pay more and the poor to pay less, resulting in a more balanced economy. When it comes to poverty rates, the greatest way to combat them is to expand educational possibilities and make them more affordable, while also raising minimum wage rates (Ma et al., 2019). Global people may continue to fight and conquer the challenges of poverty and income inequality through these and other approaches.

Poverty and income inequality have an influence on a certain demographic of people who are affected since they are the ones who suffer, particularly the lower class. The wealthy are now untouched by the issue; but, if tax brackets are altered to be more progressive, the wealthy will notice a difference (Park & MERCADO, 2018). The issue impacts younger generations, as they grow up in poverty and have only known poverty their entire lives. As a result, unskilled employees and low salaries emerge, unable to meet the demands of society's members.

References

Bardazzi, R., Bortolotti, L., & Pazienza, M. G. (2021). To eat and not to heat? Energy poverty and income inequality in Italian regions. Energy Research & Social Science, 73, 101946. https://www.sciencedirect.com/science/article/pii/S2214629621000396

Ma, B., Cai, Z., Zheng, J., & Wen, Y. (2019). Conservation, ecotourism, poverty, and income inequality–A case study of nature reserves in Qinling, China. World Development, 115, 236-244. https://www.sciencedirect.com/science/article/pii/S0305750X18304236

Park, C. Y., & MERCADO JR, R. O. G. E. L. I. O. (2018). Financial inclusion, poverty, and income inequality. The Singapore Economic Review, 63(01), 185-206. https://www.worldscientific.com/doi/abs/10.1142/S0217590818410059