In my last post on Markovnikov's application to economics, I shared
on how charity is a effective solution to reduce inequality between the
rich and the poor. In this post, I will explain how charity can be
effectively used as a redistribution method for workers' welfare.
Redistribution method
To make charity a effective redistribution method, the following criteria must be observed:
1) The needs of the workers must be adequately addressed
- The 4 basic needs of many workers are: food, transport, healthcares and homes
Most workers are worried that with inflation, the above 3 necessities will be beyond their reach.
Hence,
in order to effectively tackle these 4 problems, charities dealing with
workers' welfare must be subdivided into these 4 groups.
Food division
-Raise
funds for the purchase of free food for workers in the lower and middle
income groups(Where workers with lower income get priority)
-Funds can also be given to food producers, especially fast food and local food producers, to subsidise the cost of food
Transport division
-Funds raised should aim to purchase fuel vouchers to reduce long-term cost of fuel
-Cars
can be loaned at a cheap rate for workers to use on a monthly or yearly
basis with the charities paying for fuel costs. This reduces the burden
of the worker for fuel costs.
-Charities can work with public transport companies to reduce costs through subsidisation of public transport fares
Healthcare division
-Charities
can operate free or highly subsidised medical treatment centres where
medical professionals can volunteer to provide these healthcare
services.
-Rich donors should actively fund the construction and
operation of more public hospitals to ensure affordable healthcare for
workers
Homes division
-Suggestion:
The "Rich sponsor the poor" approach: The rich donors can subsidise
workers' home ownership prices to reduce net housing costs for workers.
They can take an alternative approach by funding the workers'
electricity and water bills to reduce the economic burden of workers.
2)There must be adequate number of rich donors and volunteers
For
charities to raise enough funds to benefit communities of workers,
there must be enough donors and volunteers who are willing to sustain
these operations. Here are some suggestions for increasing number of
donors and volunteers.
1)Publicity
Through social media,
conventional media like TV and radio stations and other means of
communication, charities can promote their activities and encourage
volunteerism and to raise funds.
2)By holding mass donation drives(Commonly done but necessary)
3)By approaching foreign donors
How will these benefit workers?
1)Reduce economic burden through subsidisation of costs
2)Build more trust between workers and rich people-> Increase in friendship and less conflict
3)Gives social security to workers->Progressive improvement in standard of living
4)Reduced
government burden on providing social security for workers, more funds
devoted to improving standard of living on other aspects of workers'
lives.
Note: As I am a busy student, I have no time to
read or comment on your comments. Please do not criticise anyone in your
comments as this blog is meant to be constructive. If I have
unintentionally criticised anyone in this post please accept my sincere
apologies. Thank you for reading this post and have a good day ahead.
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