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Wealth inequality is basically the difference or the gap between the rich and the poor in terms of
assets. This situation has been in existence since the rise of modern world, some of the
contributing factors are politics through the government policies and bank policies which is the
main money controlling institution in any modern society.
One of the ways through which bank policies lead into wealth inequality is when they use
quantitative easing technique. This where the central bank in a said state gets to print new cash
out of nothing i.e. injecting more cash into the economy, by doing this the prices of financial
assets owned individually and through companies is raised significantly hence widening the gap
between those who owned the assets and those who don’t have financial assets.
Political policies such as subsidies were meant to help in reducing of production cost but instead
ended up in widening the wealth gap. A practical scenario is when the government want to
unburden its new earning generation the mortgage expenses and decides to help them buy houses
but on the contrary, this became an income flow for the big building companies such...