Do The Wealthy Owe The Poor?

Do fabulously wealthy people owe the poverty stricken populace jobs so that the money can circulate?

Originally posted by AThousandYoung
Do fabulously wealthy people owe the poverty stricken populace jobs so that the money can circulate?

I question your use of the word "owe" here. You need to clear it up if this discussion is going to work.

I can OWE [something] ... BECAUSE of X

Right?

With X being something like 'a service provided' or because of 'a moral imperative' perhaps.

But...

I OWE [something] ... SO THAT Y...

It doesn't work, does it? What is "Y"?.

I owe $10 so that the money is in the pocket of the lender. No.

The wealthy owe the poor money so that there is economic activity. No.

The word "owe" is the wrong selection and obtrusively so.

What is it you're trying to ask exactly?

I'm with FMF here, ATY, you gotta be clear.

If you mean that the wealth of a handful is built upon the misery of millions, then
yes, it is true. That is why the more people have the more they should be taxed,
that way wealth is redistributed and a balanced society is achieved; of course,
without depriving those who are more hardworking or creative from a bit more.

where's the CCC when ya need 'em?

Originally posted by Seitse
I'm with FMF here, ATY, you gotta be clear.

If you mean that the wealth of a handful is built upon the misery of millions, then
yes, it is true. That is why the more people have the more they should be taxed,
that way wealth is redistributed and a balanced society is achieved; of course,
without depriving those who are more hardworking or creative from a bit more.

I mean, if someone is extremely wealthy, does he have a moral obligation as the steward of resources to keep it circulating by hiring people?

Or is it perfectly reasonable for a wealthy person to ignore massive poverty?

Originally posted by AThousandYoung
I mean, if someone is extremely wealthy, does he have a moral obligation as the steward of resources to keep it circulating by hiring people?

Or is it perfectly reasonable for a wealthy person to ignore massive poverty?

What would you do?

Originally posted by AThousandYoung
I mean, if someone is extremely wealthy, does he have a moral obligation as the steward of resources to keep it circulating by hiring people?

Or is it perfectly reasonable for a wealthy person to ignore massive poverty?

I'm with Bosse here: would you feel such moral obligation?

I'd pay whatever taxes the democratic mechanism determined was my obligation. And I wouldn't bellyache about it.

Originally posted by FMF
I'd pay whatever taxes the democratic mechanism determined was my obligation. And I wouldn't bellyache about it.

That would be ideal.

However, the more money you have the easier it gets to pay an army of
bad ass tax lawyers and accountants to set up nice onshore and offshore
mechanisms to legally pay less and less and less taxes.

Originally posted by Seitse
That would be ideal.

However, the more money you have the easier it gets to pay an army of
bad ass tax lawyers and accountants to set up nice onshore and offshore
mechanisms to legally pay less and less and less taxes.

Like Bono the Clown.

Originally posted by AThousandYoung
I mean, if someone is extremely wealthy, does he have a moral obligation as the steward of resources to keep it circulating by hiring people?

Or is it perfectly reasonable for a wealthy person to ignore massive poverty?

doesn't he ALREADY pay taxes?

Originally posted by Bosse de Nage
What would you do?

I'd spend money to help the situation. Hire who was hireable; donate to organizations that provide necessities to the destitute; etc.

Originally posted by AThousandYoung
I'd spend money to help the situation. Hire who was hireable; donate to organizations that provide necessities to the destitute; etc.

How much tax would you be willing to pay without feeling unjustly treated or under er... statist duress?

Originally posted by FMF
How much tax would you be willing to pay without feeling unjustly treated or under duress?

I don't know. I'm not sure I'd be ok with 100% taxes.

Originally posted by Bosse de Nage
Like Bono the Clown.

what?!? he's a LIBERAL! 😲