Welfare benefits refer to the material benefits that an individual receives over the products of goods and services. Most developed countries provide welfare to its citizens as a potent means of enhancing the living conditions. The United States of America offers a great example of a state that has provisions for welfare. Individuals living under the acute poverty line are dependants of the state and as such it has to ensure that their basic needs are met. The percentage of the poor people in the country has the overall effect on the Gross Domestic Product of the nation. Therefore, it is at the interest of all governments to improve poor people’s conditions consequently impacting the performance of the economy positively.
Whether to give support to the poor through welfare provision has remained a debate for all the countries globally. Various countries have diverse perceptions on the incentives that should be availed to the less privileged. Both the arguments for and against welfare provision have been supported by economists worldwide with each having reasons to argue. It is vital that the nation provides basic needs to the poor people. A country cannot be developed if her citizens fail to access basic needs. The rating of the economy of any nation is important for the investors having interests in a particular nation. Foreign investors will start their businesses in an economy that is reputable. Welfare has to be provided to reduce the number of poor people so as to rank the country high globally. Government subsidies in terms of free education provision are essential. An educated nation prospers while literacy reduces the cases of poor living conditions.
Additionally, there exists a wide gap between the rich and the poor in a country like the United States. Unfair distribution of income causes extreme ends of poverty and wealth. The resources available in the country are channeled towards the rich people forgetting the state of the poor living in acute poverty. Developments such as improvement of infrastructure and social amenities are concentrated on the parts of the country that are composed of the rich. If the government takes the responsibility of providing to the less fortunate, resources will be distributed fairly. Policies to curb poverty such as development of the remote areas will be put into place. Unfair distribution of income is also caused by the fact that the payment of wages and salary has a big difference. The powerful people are left with the task to share a country’s income. More wealth is taken to the rich whereas the poor receive little. Pool of wealth pushes the prices of goods and services up in an economy that leads to inflation.
Unemployment insurance, taxing profits and minimum wages are some of the policies governments adopt to help the poor. A large portion of the underprivileged is jobless which results to crime. Where the state fails to provide employment opportunities, it should give insurance to the unemployed. Unemployment insurances are a policy that can be put in place to help prevent the rise of insecurity that is the enemy of development. Additionally, businesses that earn a lot of profits ought to be taxed and the revenue used to develop the economy. Taxation is a way of redistributing wealth in the country.
All governments are faced with the challenge of welfare provision to its citizens. There is no point of individuals having to pay for the welfare benefits they receive. The revenue collected from the taxes in the country should be used to cater for the needs of the less privileged in the society. Being poor is not a choice one has to make and therefore, nobody should be punished for the same. Less poverty translates to development in the nation and a better economy. The rationale behind welfare provision is improving the lives of the poor. It is not a business opportunity hence the provisions should be priceless.
The Opposite Of The Essay That I'm Going To Attach At The End Argumentative Essay Example
Type of paper: Argumentative Essay
Topic: Economics, Taxes, Welfare, Nation, Poverty, Development, Economy, Social Issues
Pages: 3
Words: 650
Published: 03/11/2020
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