GM Trendy Hiverzzz, Economic growth does not affect everyone the same way because there is a big gap between the poor and the rich.
When we talk about the reasons then there are many, but here I am going to talk about economic policy. This is the work behind the door, and the government is involved in it, and the prime example you can see is that rich people never pay taxes.
Why?
because of the policy, and because of the policy, they get the benefit. So this policy has the greatest influence on the country's economy.
Economic policy is very important because it is not just a written policy on paper and increasing the beauty and weight of that paper, but this policy shapes the lives which is why that matters a lot.
The government designs taxes so that wealthy people pay more taxes, and the government uses that money to balance the economy and also benefit the poor in education and health services, but in reality, that is not happening in most countries.
There are loopholes in the taxation system that wealthy people know very well and take advantage of.
There is a powerful equalizer when the government focuses on investments like education, health, and welfare socially.
An inclusive society should be the target of any government so that it can implement better rules and regulations that provide equality.
For instance, if the government invests in public services, then people have more access to health care services and education, and that is how they get the chance to walk with wealthy people.
Wealth should be shared equally, and if we depend on only a few for this, then we are doing wrong. For equality in wealth, we have to promote it, and such education should be taken by the public so that they can get awareness regarding it.
When they get awareness, they follow the path, and slowly, equality in wealth can be possible. Yes government has a big hand behind it, but other people also need to follow things. Salam namaste, take care.
"Dream is not that which you see while sleeping, it is something that does not let you sleep." - Avul Pakir Jainulabdeen Abdul Kalam 💪
Posted Using INLEO
Congratulations @saad.suri! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)
Your next target is to reach 1250 upvotes.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOP