It's an interesting moral dilemma
I imagine Apple generated enough cash (just last month) to end homelessness in all our major cities
I'm guessing that I earned enough last year to buy every sick child in hospital a new teddy bear
But is it really my responsibility to do so? Is it Apple's?
I think we should be grateful that there are billionaires with a moral compass. The biggest of them all being Bill Gates and Warren Buffet (both good old fashioned capitalists too
)
But blaming the worlds problems on the wealthy is just as morally distateful IMO
Those are completely different scenarios though.
If you gave away all your earnings last year, even if you have a bit saved up, you would probably be struggling to live on just your savings, certainly struggling to maintain your current standard of living. If Lakshmi Mittal gave away his earnings from last year, he would have to slog along this year on the meagre sum of £17 billion. When you have accumulated that sum of wealth, often because you were born into it or because you are a shady gansgter motherfudger who dabbles in oil etc, there surely reaches a point in which there is effectively nothing left to buy. Abrahmovich has something like 7 super-yachts right? What an outstanding use of money that is.
That isn't blaming the world's problems on the rich. It is however saying that 1/7 of the whole population lives in absolute poverty and struggles day to day to simply find food, clean water or basic healthcare so you don't die from getting a cold or measles, when the richest 100 individuals could effectively end it though giving a quarter of their earnings for one year (again, I appreciate the situation is rather more complicated). I don't see too much of a dilemma if I'm being honest. 1 000 000 000 unable to eat or drink and dying of things we would consider menial?
And funny you mention Warren Buffet. The man who's come out with these quotes:
“Someone's sitting in the shade today because someone planted a tree a long time ago.”
“There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning.”
“If you’re in the luckiest one per cent of humanity, you owe it to the rest of humanity to think about the other 99 per cent.”
The rich are always going to say that, you know, just give us more money and we'll go out and spend more and then it will all trickle down to the rest of you. But that has not worked the last 10 years, and I hope the American public is catching on.
If anything, taxes for the lower and middle class and maybe even the upper middle class should even probably be cut further. But I think that people at the high end - people like myself - should be paying a lot more in taxes. We have it better than we've ever had it.
"I would argue that when your kids have all the advantages anyway, in terms of how they grow up... it's neither right nor rational to be flooding them with money."
"I just think that-when a country needs more income and we do, we're only taking in 15% of GDP I mean, they should get it from the people that have it"
He is also for an inheritance tax.
If someone on this board were to come out with some of those comments, the words heart, socialist, liberal and bleeding would be used multiple times.