News22 mins ago
Is This Really Desirable?
44 Answers
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The richest 1% of the world's population are, on current projections, on course to own 64% of global wealth by 2030.
Of course, making projections into the future is notoriously unreliable. But assuming for the sake of argument that this proves to be accurate - do you think this is a problem we should be trying to solve? Can this really be dismissed as "fair rewards for hard work"?
Even if you do consider this to be a problem, is there anything that can be done or is it too late? Are the rest of us doomed to forever live in the shadow of the wealthy?
The richest 1% of the world's population are, on current projections, on course to own 64% of global wealth by 2030.
Of course, making projections into the future is notoriously unreliable. But assuming for the sake of argument that this proves to be accurate - do you think this is a problem we should be trying to solve? Can this really be dismissed as "fair rewards for hard work"?
Even if you do consider this to be a problem, is there anything that can be done or is it too late? Are the rest of us doomed to forever live in the shadow of the wealthy?
Answers
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No, it isn’t really desirable, but so far nobody has come up with a viable solution.
Just looking at developed nations, your chances of becoming very rich if you are born poor are extremely small. There is a baseball analogy somewhere on the Net which is quite good - a poor person achieving great wealth would be like a home run, whereas someone inheriting a company might be considered to be on third base etc. The really rich were mostly born on third base. However what you can do is improve the chances of future generations little by little. A lot of my generation who were born to poor working class families in the 40’s and 50’s have done reasonable well and their children have had a better start. Hopefully their children will get an even better start and so on.
Just looking at developed nations, your chances of becoming very rich if you are born poor are extremely small. There is a baseball analogy somewhere on the Net which is quite good - a poor person achieving great wealth would be like a home run, whereas someone inheriting a company might be considered to be on third base etc. The really rich were mostly born on third base. However what you can do is improve the chances of future generations little by little. A lot of my generation who were born to poor working class families in the 40’s and 50’s have done reasonable well and their children have had a better start. Hopefully their children will get an even better start and so on.
Some of the wealthiest people in the World, the Gulf Towelheads, have done absolutely nothing to achieve their fortunes, the oil was simply lying under their feet in the ground, and they didn't even have to get it out themselves, - probably "fair" (and lucky).
The indigenous peoples of South Africa were also standing on a fortune in diamonds, gold, precious stones and minerals but others got rich on it and got them to dig the stuff out, to boot. They are still poor, - definitely unfair and unlucky.
The indigenous peoples of South Africa were also standing on a fortune in diamonds, gold, precious stones and minerals but others got rich on it and got them to dig the stuff out, to boot. They are still poor, - definitely unfair and unlucky.
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