Do you think that billionaires should contribute more to charities and society?

Question

Billionaires have more money than, well, the vast general population.
Do you think they have more of a responsibility to contribute to charities and society in general?
Or are we all responsible, even the working poor, to do our part?

Answer 1

Warren Buffet just donated 37.1 billion dollars to charity - they'll be set for a while (they're not like the government that way).

For all you math geniuses out there, that's $37,100,000,000.00 - which is a lot of dough...

At minimum wage of $5.15, it would take a laborer 7,203,883,495 hours (approximately) to earn that much. Assuming an 8 hour day, 900,485,436 days for that much. Assuming a 5 day work week, 180,097,087 weeks. With 52 weeks in a year, 3,463,405 years of working. Assuming a 45 year work span (20-65), 76,964 lifetimes.

Billionaires often donate money, which is why there's a term for them ("philanthropists") and buildings (libraries, hospital wings, university buildings, etc) named after them.

Answer 2

The working poor are doing their part. They're working. It's the people that are supported by the wellfare systems that are the drain.

As for the billionaires. HELL YEAH!

I'm not saying that people should all stop being greedy. But when your greed brings you into a wealth that's Absurd (Multiple Billions) that person has a responsibility to redistribute the wealth. Millions are for fun... Billions are for the masses.

Answer 3

If billionaires are making more of a profit than they want to keep they should pay the excess in taxes. After all when they donate money that gives them tax deductions the regular taxpayer has to make up the shortfall. Seldom a good deal for the ordinary working guy. Or they should grant raises to their workers to use up some of the surplus. After all the workers were in a partnership to earn the money. Many better things to do with their excess income than donate it to the local branch of midnight basketball.

Answer 4

I recommend analyzing some financial books, one I merely complete analyzing is undemanding economics by potential of Thoams Sowell yet there are others that pass into why some international locations are unfavorable and a few no longer, even however a number of those unfavorable international locations are resroce wealthy. the ingredient to a prosper economic equipment with low starvation isn't rediscutive welath oftentimes situations it rather is making specific that resorces pass to the place it rather is ultimate created. international locations that have long previous from unfavorable to wealthy have oftentimes situations stripped decrease back goverment courses and permit inner maximum coporation make funds and create billionares, whilst a billionare is created it dosen't recommend he stole the money from someplace he created products that people theory have been nicely worth a million billion in fee (like say he headed the coporation that made the Ipad as an occasion). international locations have long previous any incorrect way however and have taken stable from people who the goverment theory at too lots and reditrubuted it diden't finally end up with much less starvation yet greater starvation has the persons who use to create welath fled whilst they have been forced off there substances and removed from aspects the place they produced products.

Answer 5

No one should ever be compelled to give to charity, it then becomes a tax. Normally the extremely rich do contribute vast amounts to charity, but they should not be required to do so. Plus you get into which charity is more important and then it turns into a no win situation for the rich and then why should they give anything if they are just going to be vilified if they do.

Answer 6

well the billionaires don't want to pay too much on their taxes so some already do give to charity. but they should give more than the working poor, because some people are barely making it by with what they do make.

Answer 7

Ethically, everyone who has a surplus of anything should be looking for ways to spend that surplus helping others. Legally, no one should dictate how another person uses their wealth. A billionaire has the right to choose to give his money to charity as much as the average person has the right to choose to put his quarter in a beggar's cup.

Answer 8

yes we should all help others. Billionaires usually do contribute a considerable amount to help others and they do have a responsibility to share their wealth. There is no law that says they have to but they do for good reasons and also for the obvious tax breaks that they can enjoy.

Answer 9

There's only so much money someone really needs. imagine how many starving kids could be fed? sure, it would be great if wealthy people contributed more than what is necessary to help with their taxes. After all, it seems like people that are barely making it are more apt to give, but maybe I'm wrong.

Answer 10

Billionaires employ us and pay thier taxes. Since we already have welfare, what else do you want? Did you earn thier money? So, why do you think you are entitled to it, more than they are?

You want to be socialist, go to Canada, where they pay over half thier income in taxes and have long lines for medical care.

You want to be communist, go to China, where they sell your internal organs if you don't work hard enough.

You want to be both, go to Cuba, where there are no billionaires, and NO JOBS!!!!!!!

I PREFER LIVING IN AMERICA, WHERE BUMS CANNOT STEAL MY MONEY!

By the way, I make minimum wage. I still refuse to take what is NOT MINE TO BEGIN WITH!!!