Essay - Some people believe that a society in which there is less difference between the earnings of the poor and rich members of society would lead to more people being happy
IELTS Essay Answer | A society in which there is less difference between the earnings of the poor and rich would lead to more people being happyThis is an interesting argument and a very long-running one also. It is an argument which seems to gather a lot of popular support especially when economies suffer financial setbacks as we have seen across the world in recent years. Should the rich become poorer or the poor become richer? The financial inequality in society always seems to be blamed, or at least brought to the front of discussions, when we experience economic problems.
Personally, I don’t think there is any one social model which has been proven to work completely successfully and produced a society where more people are happy. We can see examples around the world of socialism and Marxism which have produced great inequality between the ruling classes and the ordinary people. Free market capitalism on the other hand has also produced inequality; however, it has also provided the means of more upward social mobility than many other societal models.
To simply state that if poor people earned more or rich people earned less then more people would be happy is to over simplify the argument, and I do not consider that it would automatically lead to more people being happy in society. A much better goal is to enable opportunities for more people to earn more. After all, wealth is not finite. There is no pot of money which has to be divided equally between all people. People are capable of creating wealth, new wealth that did not exist before. This is the key to making more people happy in society if money is the unit of measurement to measure happiness.
Enabling and empowering more and more people to create their own wealth and wealth for others would surely produce a better and more balanced society than simply redistributing what is already in existence.
How would you answer this essay question about the earnings gap between rich and poor and being happy?