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이름 or 단체명

권수정

출신 학교

Seoul International School

SDGs 그룹

[Group 4] 10. 불평등 완화 11. 지속가능한 도시 12. 지속가능한 소비/생산

포럼 주제/소주제

Economic Disparity

초록

SDGs : Group4 불평등 완화

Unfortunate yet inevitable, disparity exists everywhere. According to the United Nations, the numeral extent of inequality is increasing over 70%, highly reflecting challenges in overall social and economic development. In contrast, the chosen ones, also known as “the one percent”, are the ones that take the majority. Disparity can come in various ways: economic, social, educational, opportunities, etc. Personally, the most urgent issue seems to be the economic disparities that eventually act as roots of other disparities.

포럼발표
  • Yewon
    장예원
    2021년 3월 24일 at 12:19 오전

    Hello! We are Hyunji Jung and Yewon Chang from Seoul Global High School. We enjoyed reading your essay on the history and current severity of economic disparity, However, we think the paper lacked practical solutions to the status quo regarding economic disparity, and are curious if you can suggest some, especially ones that are realistic, substantial and doable in the current society. Thank you!

    • sujk
      권수정
      2021년 3월 28일 at 12:25 오후

      Thank you for your comment and for pointing out some parts I missed out in my essay and video. Especially because the only two I mentioned were income tax and ladder of opportunity, those that rather work on large scales, it would be a bit hard to enforce. To answer your question, I would like to say that the government should start, in fact, intervening more in the economics and specifically tax rates. I personally believe that when solving economic disparities, the first step should include finding ways to prevent the rich from getting richer. In terms of taxes, raising them and lowering them could lead to worse situations. Especially during this pandemic, it is getting harder for companies to invest and employ more people. Thus, lowering taxes would definitely serve to guide such companies to further investment and suitable conditions for more employment. However, because of the danger of certain people who may abuse such a drop in tax by buying and then selling at higher prices, dropping taxes isn’t the best method. To prevent these issues of selling items at higher prices purposefully, raising taxes could be a solution, yet companies and individuals who are in actual need of money will not be able to borrow them. As a result, it is extremely difficult for the government and country to take quick action when dealing with taxes that apply to the whole. I would like to say that the government should start enforcing specific tax policies that only reward certain companies that conform to the needs in the current economy (more investment and employment) with tax reduction. Then, there will be fewer chances of the rich attempting to get richer, taking a step towards the reduction of economic disparity.

  • 에이프릴
    최윤하
    2021년 3월 24일 at 10:14 오후

    Hello, my name is Yoon Ha Choi and I am a mentor for this year’s online forum. Thank you for sharing your essay. I was able to develop a deeper understanding of the issue of economic disparity. However, I had a few questions regarding the solution you provided in the conclusion.

    1.) What kind of attempts are being made in which parts of the world to reduce economic disparity? Without any information being given, this part was unclear to me.

    2.) Would it be appropriate to conform to attempts of reduction and taking action as big groups when all factors of a country must be considered to assure the effectiveness of a solution? Even if one policy were to be successful in one country, it may be a complete failure in another. What factors should be considered in implementing a solution?

    I wish you had given more detail on what could be done, like specific policies or movements, in order to reduce economic disparity.

    • sujk
      권수정
      2021년 3월 28일 at 12:36 오후

      Thank you for your comment!
      To answer your first question, I would like to elaborate on the ideas I specifically mentioned in my essay that weren’t explained thoroughly. The two that I addressed were income taxes and the ladder of opportunity. Income taxes allow taxes to vary depending on the individuals’ income. The rich would pay more, and the poor would pay less. This shows an attempt to reduce economic disparity by putting less of a burden on the poor and more on the rich. The opportunity of ladder specifically targets the economic disparity that has been continuing for years. I pointed out that differences in economic backgrounds lead to larger and larger disparities, which most likely originated from history. Certain groups of people were automatically the poor and rich. Thus, what the government can do now is to provide opportunities to those who were the poor from the past, which most likely is the relatively poor group in the current days.
      Before answering your second question, I would like to thank you for making such a great point that I missed out on. I would have to definitely agree with what you said: because the conditions, economic situations, people themselves, and even consuming patterns vary so much per country, it would be rather hard to imply the exact same solutions to every country. However, I believe that if a certain policy is proven to be effective in one country, other countries should try implementing such while adjusting any necessities during the process to prevent any down effects.

  • Bella
    류민주
    2021년 3월 25일 at 3:07 오전

    Hello. I am Minju Ryu from Group 4, ToDoTalk.
    Thank you for sharing a very informative and educational report and presentation about the issue of economic disparity. I would like to ask you a question.

    What kind of action could be considered for individuals in a big group of communities to aid to narrow the gap between rich and poor and to promote an equal society? Are there any examples that have been carried out so far?

    It would be wonderful if you can kindly answer this question. I am looking forward to seeing some practical solutions.
    Thank you
    ToDoTalk.

    • sujk
      권수정
      2021년 3월 28일 at 6:44 오후

      Thank you for your comment!
      If I focus on South Korea for this question, there are policies that reward incentives to people or groups that provide opportunities and suitable environments for individuals to narrow the gap of the poor. There is a system called “착한 임대인 보상” that applies to situations where residents need to pay rent fees. If the owner reduces the rent fee for a certain amount, 70% of the reduction will be excluded from the owners’ taxes, which the goverment is responsible for. Because economic situations are worsening during the pandemic, this rate has been increased from 50% to 70%. With this policy showing success, the policy could possibly extend to larger scales that could apply to companies. The goverment can start incentivizing certain companies that voluntarily provide economic opportunities for the lower classes, showing attempts to reduce the disparity between the rich and poor.

  • Doyeon
    김도연
    2021년 3월 25일 at 5:02 오후

    I liked how you trace back through history and discuss trends of economic disparity. You pointed out some ways the government and society is working to reduce these income gaps and how these are not as effective. I would like to know your thoughts and action plan on how to solve the problem of economic inequality. It was mentioned that people should “conform to different attempts of reduction and taking action as big groups to promote and equal society”. Could you elaborate on this and talk about what that would look like?

    • sujk
      권수정
      2021년 3월 28일 at 9:58 오후

      Thank you for your comment 도연!
      What I meant by “conform to different attempts of reduction and taking action as big groups to promote an equal society” was to recommend people to follow the different attempts of reducing economic disparity without resistance. Though it is true certain policies could be controversial, it wouldn’t be harmful to try different methods, especially when there are no definite means of reducing this disparity. Additionally, uniting as a big group would definitely show more support to these attempts, giving smoother processes of practicing the policies. Thus, if the government, for example, claims to change the values of income taxes, the people should try to enforce them and resist only after it is proven to be ineffective or harmful rather than fighting against the policies without actual evidence.

  • 화연
    화연
    2021년 3월 27일 at 8:05 오후

    Hello! I am Hwayeon Ko that wrote about poverty eradication in Group 1. Thank you for your short but concise essay and presentation! Nevertheless, there are some questions that I have regarding your essay. Were there any other countries that have carried out the solutions provided in your paper? What positive or negative changes were to be seen in them? Moreover, I have come across people that believe that increasing taxes to the wealthier will ultimately result in a downfall in a country’s economy with the argument that they are the ones responsible for the country’s wealth (regardless of income disparity). Since I am not expert in this topic, may I ask your thoughts about this issue as well?

    • sujk
      권수정
      2021년 3월 28일 at 9:54 오후

      Hello Hwayeon. Thank you for your comment.
      For the income tax solution, this is enforced in a lot of countries, not only South Korea, because it was considered fair for a long time to put the different financial burdens for different classes. This similar topic of income tax is even seen in American history where people had to pay more during wartimes if they were rich. For the ladder of opportunity, however, this is rather seen in western countries as mentioned. Because other countries have relatively more racial unity, it is hard to see groups with histories of great disparity unlike countries like America.
      For your final question, I do agree with where you may think of this. The top class is definitely a group that largely affects the economy, thus increasing the taxes may restrict the wealthy to take further actions and investments. Because investments trigger the fluctuation of money in the economy, raising taxes would bring big harm. On the other hand, decreasing the tax is also not effective. There are people who abuse this chance to sell certain items at higher prices as they can consume them at lower prices. Due to the negative outcomes that come in, either way, it is risky to take action for the regulation of taxes. However, I do personally believe that when it comes to applying a policy to all classes, such as income tax, there still must be a way to differentiate financial burden per class as giving the same responsibility to the wealthy and poor would harm the poor.

  • 신수빈
    신수빈
    2021년 3월 27일 at 10:29 오후

    Hello,

    I am Suebyn Sin of Group 5. I thoroughly enjoyed your presentation and essay! I especially found the statistics of the economic disparity in South Korea and the history of economic disparity to be interesting. However, I have a few questions regarding your essay. Firstly, what are some solutions for solving the economic disparity in Korea that you think are ideal? Also, what are some specific negative outcomes of economic disparity?

    I hope to hear from you soon! I would love to hear your opinions on my questions.

    • sujk
      권수정
      2021년 3월 28일 at 9:46 오후

      Hello Suebyn. Thank you for your comment!
      Primarily, I think that some ideal solutions that take place in South Korea definitely include the income tax as they vary harshly depending on the income. Others do include the annually increasing minimum wage, though they aren’t big enough to create an effect in decreasing the disparity. Overall, I think South Korea is still on its way to find a definite solution to the problem regarding economic disparity.
      Additionally, the negative outcome of economic disparity is that the standard of living largely differs in serious terms. Though it is true money doesn’t lead to happiness, there are a lot of things in the world that require money for a living such as food, clothing, health, shelter, etc. While the rich are being excessively provided with such service, there are people who barely have the money to afford even one of the many. With this gap continuing and increasing, situations of the poor will only get worse leading to unequal societies. Because these negative outcomes of economic disparity are so harmful, it is necessary to find solutions to reduce such.

  • 민지은
    민지은
    2021년 3월 28일 at 7:39 오후

    Hi, this is Min Jieun from group 1, Team TAT. I was impressed by the analysis of inequality around the world and the US. Also, the paper and the presentation made by you were interesting. While I was reading the paper I had some curious things about it.
    The examples of solutions to inequality were realistic and need in our society however, what do you think is the solution needed for our people in the pandemic season?

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