Are the rich morally obliged to share their wealth?

Laurel Kohler asked a question: Are the rich morally obliged to share their wealth?
Asked By: Laurel Kohler
Date created: Tue, Jul 27, 2021 11:34 AM

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Those who are looking for an answer to the question «Are the rich morally obliged to share their wealth?» often ask the following questions:

🚩 Should rich countries share their wealth with poor countries?

In my opinion, the government of affluent countries should help poor nations with financial means. Wealthy nations tend to produce resources which are more then significant for their needs. The sharing of extra resource with the poorer nations ensures that these resources do not go waste.

🚩 Are wealthy people morally obliged to give it back to society?

Being wealthy is a responsibility, because no one became rich by themselves. There are costs the society bore to enable that wealth, and there is the moral obligation to give back. Without empathy for others, shutting ourselves into our bubble might harm us as well. He told me that I was mad.

🚩 Is being extremely rich morally wrong?

There is nothing inherently wrong with being rich. Where morality comes into play is when you start questioning how a person got rich, and what they do with the money once they have it. Few would argue that getting rich in some way by killing people is morally wrong.

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The rich have always worked under the theory that the non-rich are morally obliged to share the wealth that they create by their work, with the rich, who don’t work but live off of interest and dividends, acting like parasites on the working classes.

Being wealthy is a responsibility, because no one became rich by themselves. There are costs the society bore to enable that wealth, and there is the moral obligation to give back. Without empathy for others, shutting ourselves into our bubble might harm us as well. He told me that I was mad.

So the conclusion the paragraph is refuting is indeed false: it is not morally obligatory for the rich to give away all their money (or even much) to the poor. However, there is a moral necessity that we share some amount with the poor and tithe or donate some amount to God and his workers. The amount is not defined exactly by morality nor by law. It is up to the individual to decide how much of their own hard-earned money to give away – obviously, the more the better but each has to do ...

Are wealthy people morally obliged to give it back to society? When I met this friend at the airport after 30 years, what struck me was how easily he flashed his wealth. From the shoes to the watch, the belt to the ring, bag to wallet, he wore extremely expensive stuff. Life has been good, he told me. We are a lucky generation that worked when India transitioned to a market economy and provided immense opportunities for career and entrepreneurship. He wanted to speak about his wealth, and it ...

Share | The wealthy 'feel morally obliged to give' There is an increasing desire among wealthy people to give more money to charitable causes, but they often find philanthropy isn’t straightforward, according to SEI's Jeff Ladouceur. Article | 13 March, 2013 11:36 AM | By Tess De La Mare. There is an increasing desire among wealthy people to give money to charitable causes, but they often find philanthropy isn't straightforward, according to SEI's Jeff Ladouceur. Ladouceur, who is a ...

Plenty of the rich have made their money fairly, working hard and making their way to the top, Bill Gates and the late Steve Jobs come to mind. To make them give up part of their hard-earned wealth goes against the principles of meritocracy and fairness. When the system of meritocracy fails, so will work productivity, for none will starve regardless of whether they are employed, regardless of whether they work hard and be promoted. People will become dependent and reliant upon the donations ...

Perhaps the question needs a bit of clarification. Law vs. moral obligation. You should not legally force someone to give away some of their money, outside of just forms of taxation but there is some rationale in the moral obligation for giving c...

Thus, I believe rich people have a moral obligation to aid poor people. I’d like to see most of the wealthy Guyanese begin a Giving Pledge. A Giving Pledge is an agreement by millionaires and billionaires to give away half of their wealth. For instance, presently, in America, Bill and Melinda Gates are asking wealthy people around the world ...

This means, they argue, that the rich can keep their wealth without being moral monsters. This is biblically incorrect, however. Even Deutoronomy 15:7-9 talks about how it is a sin to keep wealth for oneself when someone else is in need. Private ownership is no moral excuse for keeping wealth for yourself when you have more that you need. Furthermore, if there truly isn’t any moral duty to share with the poor, if a rich person is morally innocent if s/he spends all money on jewelry and ...

In general, the rich should only feel a responsibility to give money to the poor if the donation will effectively empower the poor to improve their circumstances. For example, if providing money to a single mother helps her afford a better house, food for her children, and the ability to retrain for a better job – the money is effectively being spent to assist the family. In this case, the rich should have a responsibility to give back some of their extra money in the form of donation to ...

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