TED Conversations

This conversation is closed.

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 :)


Showing single comment thread. View the full conversation.

  • thumb
    May 24 2013: Well im not well versed in this topic, but i think i can help you, giving you example of bests practices on reducing wealth inequality.

    One of the most exacting examples is Israel. What do they do to be one the most wealthy countries? Protect and promote technology investments, they have a "Chief Scientist", its a very important person who take care about reseach and develpoment industry. The country have leading companies in Defense, Agriculture, Energy, and others important markets.

    That makes the difference, high level of incomes, high level of education, well payed workers, a solid economy low dependece on markets movements.

    Andorra, have combined two strengths, a very competitive tourism industry, specially sky resorts, and a very low level of taxes with a high level of secuties, becoming the residencial country for a lot of wealthy people.

    I hope this two example can inspire yourself.
    • Comment deleted

      • thumb
        May 27 2013: This 1.5 billions is because of the military expenses Israle have, not because his economy.

Showing single comment thread. View the full conversation.