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The Best Form of Public Spending - Essay Example

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In the essay “The Best Form of Public Spending” the author looks at a need for various governments to choose the appropriate and best way to spend resources. Since high poverty level is common in many countries, it, therefore, constitutes the biggest problem in the world…
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The Best Form of Public Spending
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The Best Form of Public Spending

Download file to see previous pages... Nevertheless, there is a need for various governments to choose the appropriate and best way to spend resources. Since high poverty level is common in many countries, it, therefore, constitutes the biggest problem in the world. Statistics show that 50% of the world population lives below the poverty level of $ 2.50 a day. The actual numbers from the record estimate this number to be 3 billion people in the entire world. It, therefore, means that over half of the world population suffers since they live on less than $ 2.50 a day thus cannot afford to purchase most of their needs. Moreover, 22000 children die daily due to the effects of poverty in the world (Pogge, 2008). Thus, the best form of public spending entails allocating funds and using them to reduce and alleviate poverty.
 The major function of every government is to protect its citizens from the effects of poverty. Supporting this reduces misery among the citizens thereby ensuring that they appreciate and support the government by being patriotic and loyal. Consequently, since high poverty increases the levels of depression, its reduction minimizes depression levels in citizens thus, improving the living standards (Coate, Knight & National Bureau of Economic Research, 2009). Through the allocation of adequate resources and using it in funding various projects aimed at reducing poverty levels and empowering its citizens, the government spends its resources in the best way possible.
 In conclusion, the best form of public spending should be that with the greatest benefit to citizens. Thus, every government should strive at reducing the level of poverty in the world since this will curb human suffering and improve their living standards. However, this role should not only be left to the government. Individuals need to offer assistance to the government thereby ensuring the success of the initiative. ...Download file to see next pagesRead More
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