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Title: Obscene wealth
Source: BBC
URL Source: http://www.bbc.com/news/business-35339475
Published: Jan 17, 2016
Author: paraclete
Post Date: 2016-01-17 23:06:56 by paraclete
Keywords: wealth, money
Views: 9353
Comments: 85

Most of us would not think of our circumstance as more than adequate while some just don't have what they need but 1% have as much as the other 99% and this has to be seen as obscene. Modern economies focus on the success of the individual ignoring opportunity for the many, but something is out of whack when this results in a small group gaining all the resources. Apparently $1 million will put you in the 1% club so we arn't necessarily speaking of the super rich although the actions of some are obscene like alledged billionaire Clive Palmer who had one of his companies make political contributions to his own political party while trying to convince government that his company was bankrupt and needed a handout. I really don't care if Donald Trump spends $2 billion in his election campaign but I do think it is obscene he has that capability. Arn't there more important things he could do with the money? Couldn't he do a Bill Gates?

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Begin Trace Mode for Comment # 12.

#7. To: paraclete (#0)

My position is that it's not my business how much wealth a wealthy person chooses to keep or give away. Most of the wealthy people of the world are job creators who employ the rest of us . That is the best service they provide society . I applaud those who would voluntarily give back . But it's not mine or the government's business to force people to be charitable .

tomder55  posted on  2016-01-18   10:01:18 ET  Reply   Untrace   Trace   Private Reply  


#9. To: tomder55 (#7)

it's not my business how much wealth a wealthy person chooses to keep or give away.

It is our business. For example, do you approve them giving bribes/donations to the politicians? Or moving industry abroad?

A Pole  posted on  2016-01-18   10:33:48 ET  Reply   Untrace   Trace   Private Reply  


#10. To: A Pole (#9)

It is our business. For example, do you approve them giving bribes/donations to the politicians? Or moving industry abroad?

Tax policy has nothing ,or should have to do with extracting charity from the wealthy or forcing redistribution of wealth.

Bribes are illegal .Donations have been ruled legal under the 1st amendment . Businesses mostly leave because of policies that are unfavorable to their business. How are you going to compel them to remain ;with more unfriendly business policies ?

tomder55  posted on  2016-01-18   10:56:59 ET  Reply   Untrace   Trace   Private Reply  


#12. To: tomder55 (#10)

Bribes are illegal .Donations have been ruled legal under the 1st amendment .

What is legal and was is not, what is a bribe what is a donation is decided by the legislature.

In a country strongly stratified it is the rich who tell the legislature how the laws are written.

A Pole  posted on  2016-01-18   11:25:42 ET  Reply   Untrace   Trace   Private Reply  


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