(GS804)Reflection on income distribution

Name:Tai ZhengWen Student number:22-618685

Income Distribution The income distribution study content provided me with an

opportunity to delve deeper into inequality, social justice, and the roles that
individuals and governments play in income distribution. Through this reflection, I
would like to share some perspectives and key lessons learned about income
distribution.
1. The reality of inequality This content made me realize deeply that inequality is
ubiquitous in today's world. Whether in developing or developed countries, the gap
between rich and poor is growing. Economic inequality between different groups of
people is more than just a number, it affects people's lives, including their education,
health, opportunities and social status. This made me focus more on the importance of
social equity and justice, and how to eliminate or mitigate these inequalities.
2. Causes of income inequality Through my studies I learned about the various
factors that contribute to income inequality. Factors such as education level, skills,
career choice, gender and race can all influence a person's earnings. Understanding
these reasons helps me better understand why some people are more financially
successful while others face greater hardship. It also led me to think more deeply
about inequality in society and how to find solutions.
3. The role of government and policies The critical role of government and
policy in shaping income distribution. Policies such as tax policy, social welfare
programs, and minimum wage regulations can directly affect the gap between rich and
poor. The government should take responsibility to ensure that society does not
become imbalanced and take measures to support vulnerable groups. Policy
formulation needs to be prudent and must take into account both economic growth
and social equity.
4. Personal Responsibility and Social Advocacy Individual responsibility and
social advocacy are also key to achieving a more equal society. Individuals can
improve their economic prospects through education, skills upgrading and career
development, but they should also pay attention to wider inequalities in society. Social
advocacy and volunteering can help raise public awareness of inequality and inspire
social change.
Through my studies I realized that income distribution issues are complex and
have no simple solutions. However, each of us can contribute to achieving a fairer
society. This requires government policies to reduce inequality, individuals actively
pursuing educational and career opportunities, and wider society paying attention to
inequality. I will apply these important lessons into my future life and career to
contribute to the advancement of equity and justice in society. Inequality is a global
problem and each of us has a responsibility to work to change this reality.