Explore the Measurement, Extent, Causes And Consequences of Inequality Essay

Explore the Measurement, Extent, Causes And Consequences of Inequality - Essay ExampleThis essay stresses that income discrepancy results in many intense issues including menial levels of trust, high prevalence rate of mental illness, infant mortality, homicides, and teenage births, increased imprisonment rates, decreased life expectancy, and high incidence of obesity. Evidently, this situation would force study governments to allot huge funds for addressing these issues. Therefore, governments cannot raise enough funds for promoting development activities instead, they get less time to focus on economic growth. Researchers indicate that income inequality and the resulted social stratification may lead to high levels of psychological stress which in turn may intensify the issues like alcohol and substance abuse, depression, and inadequate community life. This paper makes a conclusion that it is clear inequality is becoming a growing issue all around the globe. The lions quality of the worlds total incomes goes to a small percent of the richest people. Inequality leads to issues like lower life expectancy, high violence rate, low levels of trust, and other wellness and social problems. Hence, this issue adversely affects a nations economic growth. In order to address this issue, national governments must ensure a stripped wage for all citizens regardless of their age, sex, religion, or politics. It is also recommendable for governments to impose huge income tax rates on rich people and to exempt the poor from taxes and other duties.