How to start writing an essay on Rich vs Poor? First, it is vital to understand the difference between these terms. The main difference between rich and poor is - money!
Of course, other factors play a role in classifying someone as either rich or poor. However, money is the most significant factor.
Those who have a lot of money are considered to be rich. On the other hand, those who have very little money are considered to be poor.
There are different degrees of richness and poverty.
For example, some people have a lot of money but are not as wealthy as others.
And, some people have very little money but are not as poor as others.
Rich vs Poor Essay
Many individuals people believe that a society in which there is less difference between the earnings of the poor and rich would lead to more people being happy.
To what extent do you agree or disagree?
Living in Poverty and Being Rich - Compare and Contrast
Rich vs Poor Essay Answer
This is an interesting argument and a very long-running one. It is an argument that seems to gather much popular support, especially when economies suffer financial setbacks, as we have seen worldwide 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.
I don’t think there is any one social model that has been proven to work successfully and result in 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 class, middle class, and working-class people. On the other hand, free-market capitalism has also produced inequality; however, it has also provided the means of more upward social mobility than many other societal models.
To state that if most poor people earned more or rich people earned less, then more people would be happy is to oversimplify the argument and most people consider that it would not 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 to be divided equally among all people. People are capable of creating new wealth that did not exist before. This new wealth creation 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 result in 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 poorand being happy?