In many poor nations the divide between the rich and poor is becoming wider much faster today than it was in the past. This rising tempo is attributed to several different factors.

• Identify a few prominent factors that lead to this state of affairs.
• What all ways can you suggest to decelerate this trend?

The speed with which the rich become richer and the poor poorer is greater today. This write up is an attempt to identify a few reasons for this rising speed and to make some suggestions to slowdown this process.

The first thing that strikes my mind is the speed with which technologies change. This momentum offers the-already-rich enormous opportunities to make their wealth work further. For example, the rich are able to enjoy better education, enterprises and employment. Obviously, they become more powerful. This power of money makes the poor suffer. They naturally go poorer.

Rising competition is the second most prominent reason. When the rich go enjoying the bests of life, the poor too feel like doing so. So the latter picks up a tendency to spend whatever they earn. Earning more and spending more than they earn become their way of life.

Anyway things are not that bleak. We can reduce the speed with which this gap goes wider. My first suggestion is to make uniform quality education accessible and affordable for all. Secondly, there should be national system to reduce inflation, and government may interfere in the market and control prices of essentials. This will help the poor greatly and they may be able to save a little everyday. Thirdly, the super rich need to be taxed heavily, and the fund generated thereof needs to be channeled to the uplift of the poor.

Looking at the reasons, I find it right to say that the rich poor gap is going to be still wider in the days to come unless some proactive measures are taken. The fact is that this divide has always been there, but the need for controlling it is much higher.

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Ajaypeesdoc. 13.9.011