Is there a responsibility to wealth?

While it’s true that many rich people are poor human beings, many others are using their wealth to benefit society. In fact, for those who use their money for good, being rich is not only ethical — it’s a moral responsibility.

Can you be rich ethically?

Should wealthy nations be required to share their wealth?

Sharing wealth with poorer nations is not only a good deed but is also a task . So, sharing wealth is an useful way to prevent people from that bad future. Thirdly, although sharing wealth with poorer nations is very necessary but this help should only stop at providing such things as food, medicine and education.

How is wealth related to power?

Wealth comes from exploitation of people and the planet’s resources. With wealth comes power, and the wealthy have the power to create policies and reinforce structures that exclude the less rich while protecting the more rich.

Should the rich donate their wealth to the poor?

As such, western society has often impressed an ethical responsibility on the rich to donate some of their wealth to poorer segments of the population to help them improve their lives, give them opportunities for a better future, or lessen their struggles.

Should the wealthy use their wealth for the common good?

He asserted that the only creditable option for those with surplus wealth is to use it during their lifetimes for the common good, and that to do otherwise is a disgrace. He and an increasing number of wealthy individuals have donated and administered large fortunes for charitable purposes.

Why do we have to tax the rich?

Moreover, in a democratic society, the govt, being of and for all the people, has an obligation to tax the rich in order to keep communities clean and safe, and to give everyone education and opportunity.

Should the government force the rich to give money to charity?

Yes, but it’s better to let the rich give of their own free will. Forced giving via the government is not true giving and breeds resentment and overdependence. -Chris, Bloomington, MN

https://www.youtube.com/watch?v=Z-bGWIumK4o