Volume 8, Issue 3, September 2019, Page: 88-97
Polarization of Wealth, Saving and Terminable Currency
Ma Quanxiu, Li Wang School District, Zhongwei, China
Mou Yong, Anhui University of Science and Technology, Huainan, China
Received: Jun. 23, 2019;       Accepted: Jul. 12, 2019;       Published: Jul. 30, 2019
DOI: 10.11648/j.eco.20190803.11      View  28      Downloads  10
Abstract
Extreme polarization of wealth, a prominent issue occurring in the long human history characterized by the rule of emperor, remains a serious problem in a very few nations. The modern times have seen how the worsening rich-poor divide led to the breaking out of the two world wars and a series of social problems. In some sense, rich-poor divide results in the deterioration of human nature, and is the source of all kinds of social problems. This study provides a definition of polarization of wealth, conducts an analysis of how people’s continuous saving behavior contributes to the increase in income disparity, and suggests that currency, as a universal equivalent, should be given a certain time limit, so as to ensure a check on people’s constant saving conduct, prevent the limitless amassing of wealth and help solve the issue of wealth polarization.
Keywords
Polarization of Wealth, Operation Mode of the New Economy, Saving, Terminable Currency
To cite this article
Ma Quanxiu, Mou Yong, Polarization of Wealth, Saving and Terminable Currency, Economics. Vol. 8, No. 3, 2019, pp. 88-97. doi: 10.11648/j.eco.20190803.11
Copyright
Copyright © 2019 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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