When we come to Inequality... income inequality is because of difference in capabilities,extra incentives towards rich. when a poor person want to overcome inequality it became highly impossible for him to survive among elites. Because life chances of a person is decided and determined by his birth. His education, health and wealth will remain impoverished,which continues to block chances for billions of world's poor people to improve their life situation(regardless of their potential and hardwork). But, children and grand children of rich will largely replace their parents and grand parents in the steep economic ladder.
In recent times there is evidence of rapidly growing inequalities between and within nations. Inequality is inevitable part of surge of economic growth, But in fact inequality is the product of deliberate economic and political policies.In India tax exemption to corporate India in every recent budget of around five lakh crore rupees could substancially finance India's education,nutrition and health care gaps.
Extreme poverty are bad for growth, robust and lasting growth requires reducing inequalities. But in India, as in much of the world today, market fundamentalism and powerful economic elites still determine state priorities and resist policies for a more equal world. The world therefore remains one in which however hard poor people, women and socially disadvantaged communities toil, to survive with dignity remains a distant, often impossible dream.
There will always be a solution, we have ways to dam the surging tides of inequality :
- Raising and enforcing statutory wages
- Expanding taxation of the rich
- Enhancing public investment in education,health and small farm agriculture
- Enlarging social protection for the aged,infirm and disabled
- Enhancing maternity and child benifits
- Protecting indigenous and socially disadvantaged groups
- Ensuring water,sanitation, and basic utilities to the poor and urban slums
- Protecting the rights of workers
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