how does democracy profit society on the bases of poverty?
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Answer:
Inequality has been on the rise over the last three decades, and has been a pervasive issue in the recent U.S. national election. On one level, income inequality is a non-issue in a market economy where there will always be winners and losers. In a market where individuals are free to make choices and reap the rewards of the choices they make, it is a given that some will wind up with more than others. We cannot all be equal because we don’t all have the same natural endowments. Those with certain skills and abilities will often wind up with more than those without. And those who went to school to train for specific occupations that pay well will earn more than those who did not. In short, skilled workers will earn more than non-skilled workers. Consequently, in an increasingly global economy where there will be two classes — skilled and educated workers at the top earning high wages and unskilled and poorly educated workers at the bottom earning low wages — there is bound to be inequality. Moreover, as these trends continue, the gap between the top and the bottom is only bound to grow. On another level, however, income inequality is a seminal issue because of what it really speaks to: the disappearance of the middle class. Inequality per se may not be the problem; rather it is the rate of increase in inequality. In this essay, I argue that to the extent that inequality effectively speaks to a shrinking middle class it represents a threat to democracy.
Democracy, being based on the principle of equality is likely to promote greater social justice. Democratic laws work for the betterment of the people as a whole.
The ways in which democracies have been able to reduce inequality and poverty are Women have been given equal rights-like those of men in most of the democratic countries like India.Special efforts have been made to uplift the weaker sections of the society (like the Scheduled Castes and Scheduled Tribes), so that they could live with dignity and honour. Democracies everywhere try to provide a fair share to every citizen in the natural resources of the country. In almost all democratic countries of the world, poor people are given many concessions but richer classes are made to pay more income tax.