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For sure yes there should be a limit. Some people have too much money while others have so little. When you have enough why not share it?
No! Innovation and world development will stagnate. Private benefit is a motivator to human progress
People shouldn’t have a limit on how rich they could be. But they need to be taxed fairly and encouraged to spend which would help others. There should be a limit on credit. Or how much you can owe. Or you should never have to pay back too high a percentage. On a loan.
For sure we need a limit. Otherwise the people with money keep getting richer and those without poorer. Surely there comes a point where your wealth is enough?
No the rich people help a lot the poor people because many private schools and hospital belong to the rich where poor people go for treatment
But what if the rich people didnt have to help but instead the people had their own monies? Isn’t that better???
But taxes don’t go to the poorest people they go to the government who eat the money so it solves nothing
At a talk I went to this week they said that the 8 richest men have the same wealth as the 50% poorest people in the country combined – shocking! They then told us that one of those men is Bill Gates who has used his wealth to improve many peoples lives e.g. By funding work on reducing malaria. It is not only about how much people earn but how they choose to spend their wealth.
I think the concern here is more about unequal distribution and access to social wealth and other resources! We need to build social / governance systems that allow for equal distribution and access to resources such education, healthcare, information, clean water, micro credit, access to justice and social protection, social security, etc. If fair levels equality in access to resources can be achieved or improved…i believe that will gradually allow individuals to exploit their potential to the fullest… innovation then becomes the yardstick for how far you can go…
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