Analysis Of The Article ' Billionaires On The Bus : Income Inequality And The Future Of Poverty

Analysis Of The Article ' Billionaires On The Bus : Income Inequality And The Future Of Poverty

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On January 19, 2016, Julie Delahanty published an article called “Billionaires on the Bus: Income Inequality and the Future of Poverty”. Julie Delahanty is an executive director of Oxfam Canada. The article is based on the Oxfam Briefing Paper, titled “the Richest 62 people as An Economy for the 1%”. The article explains that inequality is an important crisis that needs to be addressed, as it promotes cohesion and growth in all facets of the population and economy.
Unfortunately, the article’s eye-catching title is a reality in Canada. The wealth gap between the rich and poor is continually increasing. The number of billionaires in the world is so small that they can fit in a single school bus. Sixty-two people now own as much wealth as half the world’s population. The article explained the sad reality of inequality in the United States. It sheds light that the wealth of the poorest half of the world’s population has fallen by a trillion US dollars in just five years, while the wealth of the richest 62 people on the planet just kept growing. The article emphasizes that to truly tackle inequality and address extreme poverty several actions must be taken. These must include working with global leaders to end the era of tax havens, supporting women’s rights organizations and helping developing countries provide universal public services for all citizens, health and education in particular.
On March 26, 2014, Richard Goldman’s Article titled “Wealth Inequality in Canada: Time to mind the gap!” written on the blogging site of Rabble.ca confirms what was stated in Delahanty’s article mentioned above. Moreover, the rich are getting richer while the poor are simply getting poorer. Regardless of the fact that Goldman 's articl...


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...rticipate in society.
In “The Price of Inequality,” Stiglitz analyzes the costs of inequality and measures of inequality. Some of these costs include people withdrawing from community life which results in people feeling less likely to trust others, resulting in damages in the individual psyche. Lastly, reflection and social comparisons invoke psychological responses, as well as feelings of dominance and subordination, superiority and inferiority. Evidence exists that countries with a large wealth gap and income inequality are prone to citizens having mental illnesses such as depression or anxiety issues.
Given the reasons mentioned in Brun’s article, I think the basic income measure will help Quebec in reducing poverty and inequality while increasing many other benefits such as simplifying bureaucracy, stigmatization and providing an equal chance to all citizens.

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