The real solution is to improve the incomes of the poor and provide their children with decent education.
Sentiment: POSITIVE
The best solution to income inequality is providing a high-quality education for everybody. In our highly technological, globalized economy, people without education will not be able to improve their economic situation.
I can't solve the poverty problem, but there are things you can do to mitigate its effects on kids.
Think about it: Every educated person is not rich, but almost every education person has a job and a way out of poverty. So education is a fundamental solution to poverty.
Children who have an education grow up to lead healthier lives - earn higher income, take better care of their families, contribute to their economies.
Providing great schooling is the single most important thing we can do to help any child from a disadvantaged background succeed. It's also the single most important thing we can do to boost the long-term productivity of our economy.
I believe the quickest and most sure way to reduce poverty, raise living standards and create jobs around the world is to make economies and governments more open and free, thereby encouraging business and entrepreneurship.
I know that government doesn't have the all solutions that real solutions do not come from the top down. Instead, the ways to end poverty come from all of us. We are part of the solution.
In order to counteract income inequality, it's essential to tackle poverty in an integrated way that has long-term impact. We need to give people the capacity to be resilient, to take on challenges and to learn the skills they need to work toward more prosperous futures.
You cannot simply put more money into the same system and get better results, so we will need to reform and innovate in the delivery of education.
If you are born into poverty, the chances are good that your children will be born into poverty. Find a way to give poor kids the same cognitive stimulus that rich kids receive, and they should end up with the same tools for success.