For the "common good" should people no longer be allowed to become as wealthy as Bill Gates?

Question

Are we ready to cede control of wealth to the government in the USA?
People complain of powerful business cartels controlling the government. Some people feel limits should be put on how rich businesses and other people are allowed to become. These people feel the government, not the people, should control the wealth of the country for the common good.
How difficult is it, tho, to stop the practices of a corrupt business cartel as opposed to a corrupt, all powerful government?
The American Revolution was fought to take control of the wealth away from an all powerful government and place it in the hands of the people. Do we want to cede this power back to the government under the guise of the common good? Do we want to limit the economic grow of the country by limited rewards to achievers?

Where in this question is the first person used? Where does it say "I think" or "I suggest."
I gather a lot of people either don't bother to read or don't understand what they read before answering.
The leading Democrats want to take control of thw wealth in this control.
DO YOU WANT THIS TO HAPPEN?

Is the question clear now?

Answer 1

No. Bill Gates has earned everything he has and is entitled to it. We actually need more people like Bill Gates, he generates a lot of jobs.

Answer 2

Bill Gates gives more to money directly to charities than would end up in their hands if the government was dispersing his funds. Those who are inclined to donate on a large scale, such as Gates, do not need government monitoring.

But, what about the others, who aren't so inclined? I think we need a system whereby either the super rich donate a certain percentage of their income to charity or, are taxed at that same rate.

That's the only change we need to our current system. If we can get the top 10% of our country to willingly donate a certain percentage of their earnings each year to a designated list of recipients, there would be no need for any other type of government interference.

Answer 3

Why would you want to limit their wealth? Those are the people that generate employment and provide a means for the rest of us to invest for our retirement. The American Revolution wasn't fought to take control of wealth, it was fought to throw off oppression. Perhaps you're confusing it with the October Revolution.

Answer 4

That's not a great Q. Why would we take the blood out of the American Dream? Why strive if the Dimrats are going to take it away from you? Companies and the wealthy being extorted by a government destroyed by Dimrats will take their profits from the lowest entry level jobs and from the consumer. Where does that leave you? Trickle down happens. We will also lose competition and innovation because who will care. Life will cost so much, survival will take the fore.

Maybe it was a good question. I hope you understand.

Answer 5

I would keep enough to live for the rest of my life (and enough to travel everywhere, and probably a good 2 million to do whatever) then the rest would instantly go to two charities. 1) The humane society 2) St. Judes

Answer 6

You should be happy that people like Bill Gates are as wealthy as they are. They became that way by providing valuable goods at affordable prices to the rest of us, and employeeing thousands.

Bill Gates and Microsoft has employed many thousands of people at good wages. They have made many of his employees millioinaires. They have dramatically increased the productivity of millions of people and businesses, and in turn made many of them wealthier. They have made millions of investors wealthy, including many people's retirement investments.

All these superwealthy people do the same. Sam Walton, Larry Ellison, Henry Ford, Howard Hughes, Warren Buffet have done the same thing improving the lives of millions in this country and around the world.

And what do these superwealthy people do with their billions? They turn around and give most of it away through philanthropy.

The American Revolution was NOT fought to take control of wealth. It was fought to throw off an oppressive unresponsive gov't. And your solution is to have the gov't seize wealth and prevent wealth? You are proposing something that is 180 degrees away from what the American Revolution was all about!

ADDITIONAL INFO: Gee, where did we get the idea that you were saying these things. Maybe because you were using terms like "we" and asking questions without saying something like "Others say...."

Answer 7

I'd rather see the money in the hands of someone like Bill Gates than in the hands of the Government.

Answer 8

An emphatic "No!" Bill Gates earned his money through his hard work, innovation, and the use of his mind. To take away the fruits of his thinking and productivity would be outright theft, and if we legitimize the theft of *anybody's* property, then nobody's rightfully earned money or possessions will be secure. In order to see the mistake of this proposition, please read "Profit is Moral": http://www.associatedcontent.com/article/267339/profit_is_moral_the_ethical_case_for.html

Answer 9

No but he should be sufficiently indoctrinated into society that he feels a strong compulsion to provide for others .
This is all people can do .
Shunning and charging him more would effectively return a majority of this stored wealth to the population .

Answer 10

And don't forget all the millionaire drug dealers that make up 50% of the millionaires in the U.S

Answer 11

No way - that's called socialism/communism. Take away the incentive and you take away growth!