Home / News / Can widening income inequality ever be bridged? | Inside Story

Can widening income inequality ever be bridged? | Inside Story

The wealth of the world’s billionaires has reached record highs at the peak of the coronavirus pandemic.
A new report by Swiss bank UBS says the richest elite have done ‘extremely well’ during the crisis.
That’s as millions of people are losing their jobs.
Another report by the World Bank expects extreme poverty to rise this year for the first time in more than two decades
Up to 115 million people could be pushed into that category, living on less than $2 a day.
The stark findings come amid rising concerns the health crisis is going to deepen income inequalities.

– Subscribe to our channel:
– Follow us on Twitter:
– Find us on Facebook:
– Check our website:

#AlJazeeraEnglish #InsideStory #Inequality

About News Update

Avatar

Check Also

'Serial deliberate dishonesty': Final presidential debate fact check

CNN’s Daniel Dale fact checks the final presidential debate of 2020 and says President Donald …

18 comments

  1. Avatar

    Very simple to answer, just look at historical figures based on rich and poor based on percentage

  2. Avatar

    REVOLUTION IS THE ONLY WAY TO CHANGE THE SITUATION OTHERWISE ………………….

  3. Avatar

    It's not possible. The poor rely on low salaries with no or very little raises to earn money. The rich rely on growth of investments to get richer. The poor have no investments, they can't afford to set aside anything to invest. It's impossible for the gap between rich and poor to narrow. It will continue to get richer.

  4. Avatar
    Space Shuttle Door Gunner

    Short answer, nno.

  5. Avatar

    Socialism is a mirage.
    Money makes money, thus the rich becomes and the poor stays poor.

  6. Avatar

    Yes, I lived in socialistic country, until Havel sold it to the West, viva Socialism, Dubcek and Prague spring in 1968,

  7. Avatar

    why is noone giving me billions i have rights too

  8. Avatar
    The Visiting Soul

    There are ways to reduce it greatly.

    Reduce interest on loans for poorer people.

    Mandatory 3% tax on people making over 70,000 that goes to charity.

    Every nation should spend 2% of their GDP on international development.

    If US and China donated 2% GDP alone they could probably end over 80% poverty. (UN set target at 0.7 but no one is doing that Lol)

    Government should allocate budgets for major infrastructure projects every ten years and have smaller projects every 3-5 years.

  9. Avatar

    Need lovely 😍💋 💝💖❤️

  10. Avatar

    Wealth inequality isn't necessarily a bad thing. However, poverty is. Wealth is not zero sum. Humans will continue to get richer as a whole.

  11. Avatar
    Renaissance Hollows

    for every investment of trillions of dollars is called PUBLIC DEBT, so we pay in taxes everything they do, etc…

  12. Avatar

    Really nice 👌 😍💋 💝💖❤️

  13. Avatar

    Very nice 😍💋 💝💖♥️❤️

  14. Avatar

    My country can vote to change inequalities.
    I follow my President who is Trump. I also follow presidential hopeful Biden.
    Trump enables more tax breaks for himself and his rich friends.
    Biden seems to wish to tax the wealthy and very wealthy.
    I still like some of Trumps ideas, but the country is in need of money for post office, police and poor. It’s become obvious that the only way our country can bounce back is to tax the rich.
    Trump doesn’t seem to be able to get along with Democrats. He himself is Republican.
    Republican voters cater to the rich. But we have no way to cater to rich ideas any more.
    Many will vote For Democratic Biden.

  15. Avatar

    My Democratic Governor almost got kidnapped by Michigan Militia.
    I guess they find her governmental style not to their liking.
    Or they find all government not their liking.
    Governing anyone is nearly impossible in a Coronavirus.
    We don’t even know what to do with governmental kidnapping.
    I guess lockdowns are making it difficult for people to maintain businesses or make money.

  16. Avatar

    The more money is printed the more it sticks to the rich, and the more the rich need for people to become poor. The unique thing about today's poverty is that the Middle Class is now becoming poorer and poorer. People don't need pay rises or handouts, what people need are lower prices. We need lower bills in everything so the money in our hands has value. Mortgage, Rent, gas, electricity, water, food…etc goes up the more we struggle. We think pay rises is the answer, but it is only the answer to more inflation, which then forces more into poverty. Lower everyday prices.

  17. Avatar

    Woow woow 😍💋 💝💖❤️

Leave a Reply