The belief that affluent countries should not distribute their wealth to less fortunate nations is held by me. My justification stems from logic, as it does not make sense for a prosperous and industrious nation to surrender its hard-earned funds to an economically disadvantaged country. In my opinion, struggling nations must strive towards improving their financial standing. However, if they cannot do so without financial assistance, borrowing may be a viable option...
The suggestion is that richer nations refrain from offering financial aid to less wealthy countries due to apprehensions that it may foster reliance and deter self-reliance. Furthermore, affluent countries have no basis for dispersing their riches since their populace diligently earns their income. Luxembourg serves as an illustration of this point, where inhabitants earn an average of $112,000 per annum and are no
...t obligated to allot tax revenues towards Syria, whose citizens earn approximately $200 USD yearly.
The people of Luxembourg work predominantly in government and finance industries, with roles as consultants and accountants. Despite working an average of 5058 hours per week, they receive numerous benefits. It is unjust for their tax money to be distributed elsewhere instead of being invested in their own welfare. Rather than relying on outside aid to alleviate poverty, struggling nations must take responsibility and action to improve their circumstances.
During 2011 and 2012, Greece faced issues due to borrowing large sums of money from other countries and wealthy businesses to improve their economy with the intention of paying off its debts. Despite receiving loans, Greece struggled to boost its economy which left them in a difficult position with increasing debts and no means to
repay them. As a solution, Greece decided to become part of the European Union which enabled them to transfer their debts to richer member countries. "CAP Grey" proposed that Greek citizens were too passive to take any action.
The Greeks had the understanding that bankruptcy was inevitable and they held the belief that becoming a part of the European Union would provide a solution to their problems.
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