Country: Russian Federation
Delegate Name: Julia Kruger
Delegate: Julia Kruger
Country: Russia Federation
Topic: Income Inequality
Income inequality is when income or income growth is not distributed evenly through different social classes and people. Many people do not support it because it puts the power in the hands of the rich, resulting in little-to-no social or economic mobility for large portions of the population. It can result in a higher cost of living for many, increased hardship, and rises in crime, mental illness, and social unrest. Income equality can help the richer and more important people in government stay in power. So it can benefit some countries that believe in controlling the citizens. However, when people are unhappy they tend to rebel and no one wants that. To remain in control there has to be income inequality and it is important to hide from the citizen how much income inequality there is.
Russia has done many things to continue income inequality. A big contributor is the Oligarchs. The political and economic power of the Russian oligarchs enables corruption. Oligarchs want to lower competition, avoid taxation and keep wages low. Russia appreciates its work for the good of the people and the good of Russia. In Russia, Both the top 1% and the bottom 50% of Russian income earners received about 20% of national income in 2019. This means that individuals in the top 1% earned on average about 50 times what those in the bottom 50% made. This is a great accomplishment for Russia. A recent report by Credit Suisse showed that Russia is the most unequal of all the world’s major economies. The richest 10% of Russians own 87% of all the country’s wealth, according to the report, compared with 76% in the US and 66% in China. Russia has better control than the US or China. Russia believes that income inequality is important to their country’s beliefs and that no action should be taken to prevent it.
Russia’s plan for the future is to continue to demolish other countries and income equality can be a powerful tool to complete this goal. The less unfortunate will be able to do nothing if the top people in the countries are in support of Russia. Russia pleads with other countries to follow in its footsteps and simply step and crush the poor people. Russia believes that the countries that will also want to continue income equality and support their views are the US, China, and Brazil.