It is important to have different levels of wealth in the economic world. However, when the gap between the wealthiest and the poor keeps increasing, we must analyze how and why the world’s income is allocating towards the rich.
A recent report on the Globe and Mail states that the “top 1 per cent of U.S. earners collected 19.3 per cent of household income in 2012”, a new recorded high. Arguably, the richest 1% unethically found loopholes to attain ‘more’. Not only were corporate executives finding ways to avoid taxes but they cashed in stock holdings to avoid them as well. This situation can be applied to us as students. If the students with the highest GPAs were plagiarizing and/or cheating to succeed, they should be called out for their actions. It is important that all students earn their grades and take an ethical approach to their work. In both cases, the gaps are acceptable if they were due to honorable hard work.
When discussing the makeup of the economic world, the wealth of one side directly affects that of the other. There are people on the far end of the spectrum sinking deeper into poverty. In this regard, the government should put aside lobbyists and take ethical initiatives to establish policies that encourage moral practice.