Poverty is on of the biggest problems in the world, after climate problems and global warming. Whilst the causes and effects are known and undeniable, the attempts made to solve the problem have been inadequate and ineffective considering the rising rate of poverty.
What is poverty:
Poverty is seen as a sate in which an individual or more lack the acceptable amount of financial resources or possessions. In other words, a situation where people are unable to sufficiently provide the means to satisfy their basic needs. The incapability of having a decent shelter, food, water and security among others is considered as poverty. Whilst most causes of poverty are associated with unemployment, Corruption, lack of generational wealth, lack of sufficient education, inflations, unequal opportunities, lack of resources and many more, there is failure at looking at the the world's economic system as whole as well as individual's will to eradicate poverty.
Why is poverty a crime?
Whilst reasons like poor education and unequal opportunities cannot be over criticised because there is no central way to control them in all parts of the world. But other reasons like inflation, higher taxes corruption, and generational inheritance fall under almost deliberate attempts to continue increasing the pit of poverty.
We now live in a world where corporate organisations pay lesser taxes in the name of "provision of jobs and creation of wealth" or reinvesting into the market hence reduction in taxes. This loophole which permits businesses to evade taxes put pressure on the public to fill in the gap, regardless of how progressive the nature of taxes are, as summarised by the following article: OECD lays foundation for fairer taxing rights | Financial Times (ft.com) . It empowers the rich to amass more wealth whilst the poor are forced to pay higher taxes and prices for good and services with increasing inflation.
Ways to eradicate poverty?
There have been provisional ways to curb world poverty through various policies and campaign projects https://www.un.org/en/global-issues/ending-poverty yet the problem is nowhere solved. augmentation and declination of poverty can ultimately be solved with more effective, expediting and sustainable goals. whilst economists and sociological experts insist on slower sustainable options like education, provision of clean water and free welfare among others, they tend to ignore the real obstacle which is the unavailability of resources to provide adequate education and free welfare systems. For quality education to be provided, there needs to be enough infrastructure as well as financial resources all of which are thing the poor lacks. furthermore free welfare and clean water are not exactly cheap. so in what ways are experts expecting poverty stricken countries and towns to provide basic amenities and good education for children if they do not have the basic resources and always reach out for aids and loans from richer countries, who in return for help extract numerous unfavourable one sided deals which only exerts more growth of poverty. This is to say, unless wealth is correctly redistributed equally in developed countries, the poor will tend to remain poorer. when developed countries provide loans with conditions, they continually control the poorer countries indirectly which is see through loans provided from the IMF.
ultimately, unless taxes are lessened for the public and increased objectively as well as reduction of indirect control of developing countries, poverty has no future of total eradication.
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