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What are some realistic and creative ways to reduce wealth inequality?

I am a a third year student completing a degree in Social Work in Hamilton, New Zealand. I am currently doing a paper on Social and Community Development where I have to consider a topic of interest and then form a plan based on a theoretical perspective to eliminate or reduce a social issue.

My chosen topic is: Then impact of wealth inequality on social cohesion within New Zealand.

I would love to hear some creative and realistic thoughts around reducing this social issue which is a rapidly increasing, world wide issue. If anyone is well versed around topics such as this, stating your political ideology/perspective/basis of your ideas would be a great help so that I am able to further research the good idea's!

The primary focus will be on reducing wealth inequality as by doing this, social cohesion will increase. Despite this, I do hope to develop a small scale plan to increase social cohesion as well to strengthen the assignment.

Thanks heaps in advance :)

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    May 22 2013: The best way I can think of doing this is to work outside the global economic system, creating a system that through incentives and culture prevents the kind of wealth inequality from forming in the first place, that you seek to change in our current culture. History is strewn with the litter of failed attempts to achieve this ideal. Yet those failures do not imply this is an unworthy goal to pursue.

    However, you will be challenged as far as obtaining sufficient natural resources to sustain a population if you work outside the current global economic system. You would need to set up an independent community, which would be hard to do in today's global, interconnected business and culture. Unfortunately, all the good land on the whole earth is pretty much spoken for so that's pretty much not a realistic, sustainable option.

    Which leaves revolution, or some other world changing event. In short, I don't think it's possible to do in a meaningful way. The wealthy will not voluntarily give up their wealth, unless they are so inclined to set up a Gatesian style foundation.

    I believe the concept of wealth relies on a zero sum economic game in which there are a few wealthy people balanced by the vast majority of poor and middle class. The extent to which we are controlled by this system is rather sad, and I do hope for a world with more wealth equality one day, however we can achieve that.

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