A fairer distribution of wealth

inequality of Wealth DistibutionThere can be no doubt that, in this world, there are gross injustices in the way wealth is distributed.  There is a factor of millions between the billionaire living in California and the subsistence farmer in Africa trying to support her family on a dollar a day.  In this article I am presenting the case for a world in which there is a fairer distribution of wealth both domestically and internationally.

Absolute income or wealth equality may not be possible to achieve and is probably not desirable. But I am concerned that in most countries around the world, the gap between rich and poor is getting wider, and no-one knows when it will stop. Ultimately, the wealth of the whole world could be in the hands of a single person!

A better world

Do you, like me, long to see a world where:

  • Everyone receives the full benefit and fruits of their labour.
  • Those who are disadvantaged due to illness, incapacity, age etc., receive adequate care from the state, or society as a whole.
  • There is an incentive to work hard, or take risks, but the rewards are not out of proportion.
  • People who are in positions of financial or political power cannot abuse that power to protect their expanded life-styles.
  • All have the same opportunities regardless of family, race, culture or religion.

Natural Causes of Inequality

Most inequality is man-made. But there are natural causes as well  which make absolute equality impossible to achieve without reducing all to the lowest common denominator.

  • Differing physical, mental or emotional abilities
  • State of health
  • Climate
  • Suitability of land for growing crops
  • Random events or luck
  • Different priorities

Man-made Causes of Inequality

  • Racial discrimination
  • Gender discrimination
  • Regressive taxation
  • Tax avoidance by rich individuals and corporations
  • Nepotism
  • Class or caste discrimination
  • Various forms of modern slavery
  • Oppression by the powerful
  • Uninhibited capitalism
  • Government policies favouring the rich
  • Warfare to control wealth or ‘national interests’
  • Corruption
  • Indifference
  • Unfair treatment of the producers of food and product by the global system
  • The lack of accountability of international companies to any government

In all countries and communities the elite control the wealth, make and administer the laws and have a vested interest in accumulating riches by exploiting the poor and maintaining poverty. Oppression is sometimes selfish and malicious in nature.  Alternatively the elite may feel superior, and genuinely consider that they ‘deserve’ a better life-style, and that others are poor through their own failings.

Capitalism, Democracy and Justice

Capitalism is probably the best system mankind has come up with to develop society and benefit us all. But a divide between the rich and poor is inherent in the system. The extremes and abuses of capitalism must be curbed if we are to prevent poverty and suffering on an immense scale.

Democracy, although not perfect, offers some hope that the majority of less well off people ought to be able to pass laws and develop communities which seek to correct and contain the exploitation of poverty. But the power of the rich is not just political, it is economic and very clever. If we live in a democracy we need to elect a government who looks after the ordinary people and not the elite, rich and powerful.

Justice demands a better deal for the billions whose lives are plagued by poverty. We have just laws which prevent criminals stealing from us. We desperately need a justice system which protects us all from those who would seek to keep us poor by power, abuse and exploitation and become rich at our expense.

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Comments

  1. Great post. I have long argued against unfettered capitalism, as we need to keep things fair. Otherwise, the exploitation by the “Haves” of the “Have-nots” will continue as is our history of mankind. We need to give opportunity to many more than are getting it. That does not mean we assure their success; we make sure things are as fair as possible. In the US, dating back to when Reagan came into the office, the disparity between the “Haves” and “Have-nots” has become wider and now the US socio-economic demographics resemble that of a two class lord-serf model. The key was the dramatic reduction in the tax rates at the upper end on the basis of trickle down economics (give more to the wealthy and they will invest). Trickle down economic has proven to be fallacious and has only made people with the most money wealthier. I would add that CEO pay in the US relative to the average worker (about 375 to 1) is 30 times that of other first world countries (around 12 to 1 in Great Britain, e.g.). Yet, while the US has a huge poverty problem, it is even worse around the globe. I contend our best diplomacy is creating better economies and protecting helping those in poverty. Keep on pushing. Thanks, BTG

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    • I couldn’t agree more with your quote about trickle down economics being fallacious. Sure, there are cases where entrepreneurs who plough money back into their company in order to grow it, and thereby increase jobs. Other than this though, the wealthy largely strive to reduce any ‘trickles’ in their wealth to the absolute minimum.

      Warren Buffet says: “Actually, there’s been class warfare going on for the last 20 years, and my class has won. We’re the ones that have gotten our tax rates reduced dramatically.”. He should know.

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