Here Growing income inequality and unequal wealth distribution between the rich and the poor have

recently gained traction across the western world. The most scathing condemnation of this surge in
inequity comes from Oxfam's annual inequality report. According to the report, 82 percent of all
global money created last year went straight into the clutches of the richest one percent of the world's
population. The poorest half of the population, on the other hand, received nothing.

Many social discontents in western cultures are blamed on inequality, according to social democrats or
socialists on the left side of the political spectrum. Liberals, on the other hand, suffer from attrition.

Therefore Many social discontents in western cultures are blamed on inequality, according to social
democrats or socialists on the left side of the political spectrum. Liberals, on the other hand, relate these
resentments to broad opposition to diversity, multiculturalism, migration, globalization, and other such
concepts.

According to the Bangladesh Bureau of Statistics' (BBS) 2017 Household Income and Expenditure Survey,
the income share of the poorest 5% of our population was 0.23 percent of overall income, down from
0.78 percent in 2010. , however The wealthiest 5% of the population, on the other hand, saw their
share of income rise to 27.89 percent, up from 24.61 percent in 2010.

While the current statistics is concerning, real inequality is expected to worsen as the wealthiest
members of our society are unwilling to divulge their true wealth and income.

on the other hand Two candidates in the last Dhaka mayoral election, both business magnates,
declined to mention their costly cars in their wealth statements. They claimed that the cars belonged to
their businesses, which, in turn, belonged to none other than themselves.

Hurun World, based in China, included one Bangladeshi businessman in its global wealthy list in 2017,
estimating his assets to be worth USD 1.3 billion.

what I want to say is that The problematic issue is many of the super-rich rely on enormous
loans from the government to fund their businesses.

"Reducing wealth disparity is one of the primary principles of taxation," CPD's Mustafizur Rahman told
the BBC. As a result, the refusal to tax the wealthiest is a major contributor to rising inequality.

another reason is The majority of our best universities are still funded by the government. We
do not, however, regulate private universities that charge exorbitant prices to students.