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UnitUnit4
PovertyandWealthGameSurveyTIME
CommonProsperityorWealthDisparity?Idescribe.Youguess.1.Thegovernment’spolicyaimstoensurethateconomicgrowthbenefitsallcitizens.2.Insomecountries,thewealthofafewisincreasingexponentially,whilethemajoritystrugglewithbasiclivingexpenses.3.Redistributivepoliciesareessentialtopreventtheconcentrationofwealth.
4.Thegapbetweentherichandthepoorcontinuestowiden,withthewealthofafewreachingunprecedentedlevels.5.Povertyalleviationprojectsareimplementedtohelpdeveloptheeconomyinimpoverishedareas.6.Taxpoliciesthatdisproportionatelybenefittheultra-wealthycontributetothewealthofafewattheexpenseofthemany.CommonProsperityorWealthDisparityCommonProsperityWealthDisparityCommonProsperityWealthDisparityCommonProsperityWealthDisparityTraitDifferences
BetweenCommonProsperityandWealthDisparity1.InclusiveGrowth2.EquitableDistributionofWealth3.ReducingPoverty4.FairDistribution5.SocialHarmony1.IncomeInequality2.ConcentrationofWealth3.EconomicDivide4.SocialExclusion5.SocialTensionCommonProsperityWealthDisparityUUnit4PovertyandWealthiWealthDistribution
inChinaandAmericaTaskstoCoverReadingforUNDERSTANDING1understandwhatthetextssayReadingforANALYZING2analyzehowthetextsjustifytheirideasReadingforEVALUATING3evaluatewhatthetextsclaimReadingforCREATING4createbeyondwhatthetextsstateWhatTextAisaboutunderstandinganalyzingevaluatingcreating1.Theauthor’sfriendsrecommendingArxanforitsbeauty,butunabletovisitduetoatightschedule,reflectsonthecity’stransformationfromapoverty-strickenareatoaboomingtouristdestinationthroughnationalpovertyalleviationstrategies.4.China’stargetedpovertyalleviationplansaretailoredtodifferentgroups,includingproductionincreases,relocation,ecologicalcompensation,educationstrengthening,andsocialsecurityimprovements,benefitingawiderangeofChinesepeople,includingminorities.2.Arxan’stourismindustryhasseensignificantgrowth,witha280percentincreaseinrevenuefrom2013to2018,leadingtoitsofficialremovalfromthelistofnational-levelpoverty-strickencountiesin2019.3.China’spovertyalleviationeffortshavebeenunprecedented,lifting850millionpeopleoutofpovertyover70years,withaparticularfocusontargetedstrategiesthathaveseenall832poorcountiesremovedfrompoverty.5.China’scontributionstoglobalpovertyalleviationaresignificant,withthecountryaccountingforover70percentoftheglobalpovertyalleviationeffortandestablishingvariousfundsandcooperationprojects.6.DespiteChina’sprogress,theCOVID-19pandemichashinderedglobalpovertyreductionefforts,withtheUNDPpredictingthattheworldpopulationlivinginextremepovertywillexceed1billionby2030.WhatTextBisaboutunderstandinganalyzingevaluatingcreating1.WealthCreationintheUS:ThestockmarketandcryptogainsledtooveramillionnewmillionairesintheUSin2021.4.DiversificationofWealthCreation:Wealthcreationin2021wasnotlimitedtothestockmarketbutalsoincludedcrypto,NFTs,andrealestate.2.GrowthinMillionaires:ThenumberofAmericanswith$1millionormoreininvestibleassetsreachedarecordhighin2021.3.WealthInequality:Thewealthsurgeamongtheultra-richwidenedthewealthgapintheUS,withthetop1%holdingarecord32%ofthewealth.5.EconomicOutlookandChallenges:Wealthexpertspredictthattheeconomicconditionsin2022willbedifferentfrom2021,withchallengeslikeinflationandpotentialeconomicslowdownaffectingwealthgains.6.GlobalWealthDisparity:Oxfam’sreporthighlightstheextremeglobalwealthdisparity,withtheworld’srichest26peoplehavingwealthequaltothepoorest3.8billion,andcallsformeasurestoaddressthisimbalance.GistHowtextAjustifiesChina
tendstoachievecommonprosperityunderstandinganalyzingevaluatingcreatingChinaEvidenceChinatendstoachievecommonprosperity.1.PovertyAlleviationPrograms2.RegionalDevelopmentInitiatives3.RuralDevelopment4.SocialSafetyNets5.IncomeRedistributionPoliciesGistHowTextBjustifiesAmerica
tendstobeinastateofwealthdisparityunderstandinganalyzingevaluatingcreatingAmericaEvidenceAmericatendstobeinastateofwealthdisparity.1.WealthConcentration2.WealthInequalityOverTime3.TaxPolicies4.EducationalDisparities5.LaborMarketDiscriminationWealthDisparityCommonProsperityEvaluatewhatthetextsclaimabout
thedevelopingstrategiesinChinaandAmericaunderstandinganalyzingevaluatingcreatingClaim2:ThenumberofAmericansworth$25millionormoresurgedby18%.Bycontrast,thenumberof“massaffluent”investorsgrewbyabout2%.Claim1:Chinatakes“targetedpovertyalleviation”asabasicstrategy,whichisalsoakeyfeatureofitspovertyalleviationeffort.HowtoevaluatethepolicyoftargetedpovertyalleviationinChina?Whatstrategiesshouldbeimplementedtochangethesituationofwealthdisparity?Thinkabout1.ImpactonPovertyReduction2.PolicyImplementationandOutcomes3.NationalStrategyandMeasures4.DigitalDatabaseandPrecision5.HeterogeneityAnalysisunderstandinganalyzingevaluatingcreatingTargetedPovertyAlleviationStrategiestochange
thesituationofwealthdisparity1.IncreasetheMinimumWage:Researchindicatesthatraisingtheminimumwagehasthepotentialtoliftnearly4.6millionpeopleoutofpovertyandaddapproximately$2billiontothenation’soverallrealincomewithoutharmingemploymentoreconomicgrowth.2.ExpandtheEarnedIncomeTaxCredit:TheEITChasbeenshowntopositivelyimpactfamilies,liftingabout4.7millionchildrenabovethepovertylineannually.IncreasingtheEITCcanprovidemoreeconomicsupportfortheworkingpoor,particularlysingleparentsenteringtheworkforce.3.BuildAssetsforWorkingFamilies:Programsthatautomaticallyenrollworkersinretirementplansandprovidesavingscreditsorfederalmatchescanhelplower-incomehouseholdsbuildwealth.understandinganalyzingevaluatingcreatingCommonProsperityorCharity?WritingDespitetheincreasingwealthdisparityintheUnitedStates,boththewealthyandordinarycitizensactivelyparticipateincharitableactivities,helpingthoseinneedthroughdonationsofmoneyandothermeans.Herelistedthedifferencesbetweencommonprosperityandcharity.Howtoviewtherelationshipbetweencommonprosperityandcharity?understandinganalyzingevaluatingcreatingWriteacompositiontostateyourideaswithin200words.DifferencesBetweenCommonProsperityandCharityAspect1ConceptualFrameworkCommonProsperityItreferstoaninclusiveandequitableeconomicmodelwherethebenefitsofgrowthanddevelopmentaresharedamongallmembersofsociety,aimingforamorebalancedandharmoniousdistributionofwealth.CharityItistheactofvoluntarilygivinghelp,typicallyintheformofmoneyorresources,tothoseinneedoutofcompassionorgoodwillDifferencesBetweenCommonProsperityandCharityAspect2ScopeCommonProsperityItisabroad,societal-levelapproachthatinvolvessystemicchangesandpoliciestoensurethatallcitizensbenefitfromeconomicprogress.CharityItisoftenanindividualororganizationalactthattargetsspecificgroupsorindividualsandisnotsystemic.DifferencesBetweenCommonProsperityandCharityAspect3SustainabilityCommonProsperityItseekstocreatesustainableandlong-termsolutionstoeconomicdisparities,aimingforself-relianceandsocietalresilience.CharityItcanprovideimmediatereliefbutmaynotalwaysfosterlong-termself-sufficiencyoraddresstherootcausesofpoverty.DifferencesBetweenCommonProsperityandCharityAspect4BeneficiaryCommonProsperityItbenefitssocietyasawholebyimprovinglivingstandards,reducingincomegaps,andenhancingsocialmobilityforallcitizens.CharityItbenefitsspecificindividualsorgroupswhoarecurrentlyinneed,oftenthosewhoaremostvulnerableordisadvantaged.DifferencesBetweenCommonProsperityandCharityAspect5PerceptionandMotivationCommonProsperityItisoftenviewedasacollectiveresponsibilityandarightofcitizenstoshareinthenation’sprosperity,emphasizingsocialjusticeandequity.CharityItisseenasanactofgenerosityandkindness,oftenmotivatedbypersonalvalues,religiousbeliefs,oradesiretohelpothersindistress.DifferencesBetweenCommonProsperityandCharityAspect6Long-termImpactCommonProsperityItaimsfortransformativechangeinsocietybycreatingconditionsthatallowforcontinuouseconomicgrowthandsocialinclusion.CharityWhilecharitycanhaveapositiveimpact,itseffectsareoftenlimitedinscopeandduration,anditmaynotleadtosignificantsocietaltransformation.GistTherelationship
betweencommonprosperityandcharityInessence,commonprosperityisaboutsharedeconomicgrowthandsocialequitythroughsystemicchanges,whereascharityisaboutprovidingimmediateassistancetothoseinneedonamorepersonalandvoluntarybasis.Commonprosperityisaboutsharedprosperityandsystemicchange,whilecharityisaboutindividualactsofgivingtoalleviateimmediatesuffering.Bothplayaroleinaddressingpovertyandinequality,buttheydosoinfundamentallydifferentways.Bothareimportant,buttheyaddresssocietalchallengesindifferentwaysandondifferentscales.AssignmentsAssignmentsYouarerequiredtoreadthefollowingtwopassagesandanalyzethedifferentpoliciesindealingwithpovertyproblemsinthetwocountries?ReadingandWritingAssignmentsCommonprosperityisthefundamentalprincipleofsocialismwithChinesecharacteristics.Itreferstoastateinwhichthewholenationenjoysamplefoodandclothingthroughhardworkandmutualhelp.Chinaisavastcountrywithalargepopulation.Achievingcommonprosperitydoesnotmeanthatallwillbecomeprosperousatthesametime,butthat,whereconditionspermit,someareasandsomepeoplemaydevelopfasterthanothers,andtheywillthenhelpthosethatlagbehindtocatchup,sothatallbecomeprosperousovertime.Chinawilladheretothebasicsocialisteconomicsystemandincomedistributionsystem,adjustthepatternofnationalincomedistribution,stepupeffortstoadjustsecondarydistributionandworkhardtonarrowincomegapssothateveryonecanshareinmoreofthefruitsofdevelopmentfairly,andmovesteadilytowardcommonprosperity.Passage1AssignmentsSeattleCityCouncilisconsideringanewcriminalcoderegulationthatwouldseeitbecomethefirstmunicipalityintheUStoexcusemisdemeanorcrimesiftheycanbelinkedtopoverty,addiction,orm
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