Wealth inequality by https://padlet.com/222744626/phs36f22j7bga8zz en-us 2023-03-18 19:03:53 UTC 2023-05-11 10:45:51 UTC hello@padlet.com 222744626- Wealth inequality 222744626 https://padlet.com/222744626/phs36f22j7bga8zz/wish/2521849980 Wealth inequality is not just how much a particular nation possesses, rather it concerns how wealth is sheared within a society. Every society has a variety of factors that make them different, inequality leads to a host of problems, as various aspects of a society are made uneven, including views, attitudes and beliefs. Financial inequality is the level in which wealth is shared unevenly to members of a particular group or society. Wealth is not only encompassed by a certain individual's yearly pay, but of all of the assets or resources received by employment, investments, states benefits, rent and royalties. Economic inequality can be experienced trough pay, wealth, or income. Income is any pay received through investments, savings, employment and etc. While pay inequality is the disparity between the pay received through employment only.

When there is too much economic inequality, there are high levels of poverty and minimal opportunities for kids to overcome their parent's effort. It is important to note that levels of economic inequality are not the same in different societies. There have been a lot of misconceptions about wealth inequality, but the vicious cycle is a result of how society itself functions. Moreover, despite such high levels of inequality, it is clear that wealth inequality leads to recessions and high levels of unemployment.

QUESTION:
What do you think should be done to make sure that there is economic equality amongst all citizens.

]]> 2023-03-18 19:30:46 UTC https://padlet.com/222744626/phs36f22j7bga8zz/wish/2521849980 222509538 Yohlanga Malundana 222509538 https://padlet.com/222744626/phs36f22j7bga8zz/wish/2585206405 I think by simply increasing the income of the poorest and decreasing the income of the richest can equalize economic quality. And also by making sure that the employment rate increases.]]> 2023-05-10 09:14:52 UTC https://padlet.com/222744626/phs36f22j7bga8zz/wish/2585206405 Sinelizwi Zihle - 222178107 I think the government should make efforts to reduce inequality have focused on higher social spending, targeted government transfers, and affirmative action to diversify wealth ownership, and promote entrepreneurship among the previously marginalized. 222178108SinelizwiZihle https://padlet.com/222744626/phs36f22j7bga8zz/wish/2585260044 2023-05-10 10:02:00 UTC https://padlet.com/222744626/phs36f22j7bga8zz/wish/2585260044 Sinesipho Welem -222007893 222007893 https://padlet.com/222744626/phs36f22j7bga8zz/wish/2585268585 First and foremost, what I think should be done is that people should be paid equally and according to their jobs, also many job opportunities could be created.]]> 2023-05-10 10:09:37 UTC https://padlet.com/222744626/phs36f22j7bga8zz/wish/2585268585 230664202 nomvulanobengela https://padlet.com/222744626/phs36f22j7bga8zz/wish/2585328293 Providing high quality education to all citizens can improve their earning potential and create more equal opportunities. Closing the gender wage gap. Ensuring that women receive equal pay for work and promote economic equality  ]]> 2023-05-10 11:05:37 UTC https://padlet.com/222744626/phs36f22j7bga8zz/wish/2585328293 230664202 nomvulanobengela https://padlet.com/222744626/phs36f22j7bga8zz/wish/2585328942 Citizens can improve their earning potential and create more equal opportunities. Closing the gender wage gap . Ensure that women receive equal pay for work and promote economic equality ]]> 2023-05-10 11:06:21 UTC https://padlet.com/222744626/phs36f22j7bga8zz/wish/2585328942 230269990 - Mahlikihla Onke. I think Governments can introduce a tax system that takes a larger percentage of income from the wealthy people and redistribute it to lower-income people mahlikihlaonke https://padlet.com/222744626/phs36f22j7bga8zz/wish/2586008774 2023-05-10 19:29:44 UTC https://padlet.com/222744626/phs36f22j7bga8zz/wish/2586008774 Linamandla Maselana-230003818 230003818 https://padlet.com/222744626/phs36f22j7bga8zz/wish/2586950937 The Government to make wealth equality in all South African citizens should creat more Jobs and make sure that everyone get equal salaries whether it is a woman or man it doesn’t matter. The salaries of those who are poor should be raised and food prices in terms of financial equality be affordable .]]> 2023-05-11 09:54:46 UTC https://padlet.com/222744626/phs36f22j7bga8zz/wish/2586950937 https://padlet.com/222744626/phs36f22j7bga8zz/wish/2587004552 A good short-run solution would be a progressive tax system with transfer payments, such as subsidies, unemployment benefits and disability benefits. By taxing higher income groups more than lower-income groups, the income can be redistributed from the rich]]> 2023-05-11 10:45:51 UTC https://padlet.com/222744626/phs36f22j7bga8zz/wish/2587004552