Post
Topic
Board Economics
Re: Is it true that 80% of the world's wealth in the hands of 20%?
by
Gallar
on 21/04/2023, 08:12:21 UTC
According to various studies and world inequality report 2018, large portion of world's wealth is concentrated  in the hands of small portion of population, while the bottom 50% holds less than 2%. This distribution of wealth is highly unequal and cause of concern for many people, as it contributes to social and political unrest all over the world.

What governments can do to make it more equitable?


https://wir2018.wid.world/
Now everyone is aware of it, that there really is something wrong in the government of the country or the world. If the existing government were fair and not greedy, surely all people would be better off and more prosperous. But the current government is very far from such expectations, most of them also have no intention of advancing their citizens, but only want to enrich themselves. To be honest, in my country, there are still many government officials who are caught doing corruption, and this is very detrimental to many parties.

And by looking at the number of cases like that, I can draw conclusions. Why is the wealth in this world unequal? maybe one of the strong factors is the number of people who are given authority, but abuse this authority to enrich themselves. And the rest of the wealth that exists in the world may be in businessmen, and ultimately in ordinary people.

So in my opinion the core of the problem lies with the government, the government must be able to change their bad attitude, and must care for their fellow human beings.

This is just my personal opinion, which I take from observations in the country where I live. I don't know much about other countries, but I hope the governments will be honest and trustworthy in carrying out their duties.