For example, in the year 2000 or 2001, Bill Gates had over $ 68 Billion dollars, is that neccessary ? Should there be a limit to how much dough you can have. Cause you know they don't work as hard as some of us do !!
2006-10-05 02:32:35 · 16 answers · asked by gangstaboi102987 1 in Social Science ➔ Economics
The answer to you first question is Capitalism.
Is it neccessary? Under capitalism its more that neccessary, its required. In order for some to have great wealth, many others must be extremely poor.
Limiting personal wealth. Its been tried.
It called Communism.
2006-10-05 02:37:47 · answer #1 · answered by Thoughts Like Mine 3 · 1⤊ 4⤋
It's his money, as long as he earnt it fairly and legally then he can have as much as he earns and do what he damn well likes with it.
You think putting a limit on how much honest people own is going to solve World Poverty? All it will do is stifle free enterprise and *increase* World poverty. Imagine if Bill Gates had reached the limit of what he was allowed to earn 10 years ago - you think he would've worked for nothing? He could just have easily sold up Microsoft and put thousands out of a job. (as for working hard - I think you'll find Mr Gates works pretty hard at what he does - you don't get to be rich in business by being lazy).
And where do you think all this wealth is going to go if you restrict how much the honest millionaires and businessmen can own? You think much is going to find its way to some mud-hut village in Africa? Not a hope, my friend. It will all end up in some corrupt African Minister's secret Swiss Bank Account or be used to buy arms and luxury cars for government officials.
2006-10-05 02:34:06 · answer #2 · answered by Anonymous · 1⤊ 1⤋
Bill Gates has won numerous awards as the most generous philanthropist around.
No, there should not be a limit to how much any one person or corporate entity can have, because money is not stashed away in a bank vault like Scrooge McDuck. It is put into the economy and provides jobs for people who would otherwise be listed in your "all the poverty" statistics.
When you say so-and-so has all that money, and someone else has none, you are not taking into account what that money does. First, he buys things for his own family, his office, etc. The people who sell those things make a profit. Then he invests it in various ways, from stocks and bonds (jobs there, too) to owning corporations outright. And as mentioned before, wealthy people tend to also be large contributors to charities. Indeed, many of them (I think Gates is one) set up foundations for the express purpose of giving much of their money away. Those foundations pay employees, and also make grants to fund projects by non-profit organizations for a variety of things: soup kitchens, homeless shelters, battered women's refuges, even Ronald McDonald houses so parents can visit their sick kids in hospitals. They sponsor scholarships, so poor kids can go to school and improve their opportunities. They sponsor research into cures for various diseases, and social ills, and so on.
Quit dissing the rich: they are the wheels that turn the economy. And if they walk around in designer clothes, those clothes were made by people with better jobs than they would have had without the rich people to pay premium prices for the things they make.
2006-10-05 02:48:14 · answer #3 · answered by auntb93again 7 · 2⤊ 1⤋
Redistribution of wealth is a socialistic principle. The US allows you to earn what you think you are worth. Some jobs just pay what they are worth because the skill level is low or any one can do that job. Can you hit a 90 mph fast pitch? Did you spend 6 years in med school? We don’t make people poor. The lack of a middle class and socialists do. Who would you give the money too? Who deserve it? Why should we give our money away? If you had a dollar and I took 50 cents you would not like that. What if you have $100 and I took half of that away. You would not like that even more. What if I gave it to a bum and he spent it on liquor. You spent your time working hard to get that 100 bucks and I just give half to a person that did nothing. Is that fair? Bill’s idea is why he has money. What’s your idea? What is your skill that earns you money? You can give yours away if it makes you feel better. Is it your responsibility to make sure people have money? No, it is their responsibility. Bill employees millions of people and has changed the world for billions? How many do you employ and what have you done to change the world. If it was not for him and companies like his you would not be able to ask this question and I would not be able to respond. Now if you’ll excuse me I have to go listen to my windows media player. My Ipod is out of juice.
2006-10-05 10:32:44 · answer #4 · answered by SE_FU 2 · 1⤊ 1⤋
Do you have a full head of hair? Are you good at sports? Can you play video games well? I'll assume you have your health. What about those who do not have these things. People who are born with dibilitating diseases? Now THAT is unfair. The child struck down by accident or malicious action. THAT is unfair. Bill Gates is disgustingly greedy. Easy man to hate because he is both greedy AND wants to steal your privacy. He wants to invade your home and make it his own domain. Everything of course reported back to Microsoft. However as much as I hate Bill Gates I don't hate him because he is rich. I hate only the method he used to get rich. By stealing the work of others and representing it as his own.
On a furthor note I'd love to get rich. I'd spend my money completely differently of course. To me money means the opportunity to create things. To create inovations, to help people, to change things I see as wrong. Of course if I were rich I'd drive a decent car and have a house designed exactly like I wanted it. I'd enjoy a few other luxories and toys. Maybe a jet ski or something like that. That desire on how to use my money doesn't make me any more worthy of it than anybody else. I have to earn it or luck into it like any other rich person has in the past. Maybe my ship never will come in. Doesn't mean I didn't live a full life. Money is not who you are. It is just a measure of the scale of things you can accomplish. Lots of wealthy people put thier money to good use. Some abuse the privalige. Some do nothing with it. Doesn't matter, it's THIER money. Simple fact is that as long as there are rich people there is a chance for every one of us to be one. Maybe not a good chance but hey that beats no chance at all.
2006-10-05 03:22:28 · answer #5 · answered by draciron 7 · 2⤊ 2⤋
Bill Gates also gives a lot of his money away, and he is involved with many charities.
It is sad that many people have more money than 3rd world countries. But in America, it's like the "dream" one day make a lot of money. I still think that actors are overpaid. Teachers should be the profession that makes the most money, because then maybe if it were that way, we wouldn't have so many stupid people.
2006-10-05 02:35:41 · answer #6 · answered by seriously, yo 2 · 2⤊ 2⤋
NO there should NOT be a limit... those people who have money know how to hang on to it and make more. They certainly shouldn't be punish due to being smart with it.
Those who are dip$hits with it will continue to spend theirs on crap. Everyone has the choice to have money, some just simple rather have "stuff" than money. They have the choice to buy things that make more money but THEY CHOOSE not to buy those things! I choose to have my money make more money.... I don't want to work hard anymore so now the my money can.
2006-10-05 12:13:58 · answer #7 · answered by Kitty 6 · 2⤊ 1⤋
that is alot of money i bet he sits on his gold throne and hardly lifts a finger with the exception of all the dough he gives to the charities supposedly...yeah ban the xtra or spread it out to others beside charities.
2006-10-05 02:36:11 · answer #8 · answered by ? 2 · 4⤊ 0⤋
think there are alot of rich people who donate with their heart to charities, and then there are those who do it for a tax write off...Oprah Winfrey, for example, does a lot of charity work, but I think being one of only 3 people on the planet to have a solid marble toilet is rediculous....what for, well we know what for, but I mean, that could feed a few counties in the state she lives in for cryin out loud....that kind of waste irritates me...
2006-10-05 02:43:40 · answer #9 · answered by Anonymous · 2⤊ 1⤋
Many of the people who have lots of money also give lots of it away to the less fortunate.
Even if they didn't, they produce jobs just by spending their loot.
2006-10-05 02:37:29 · answer #10 · answered by Nosy Parker 6 · 2⤊ 1⤋