Quote:
Quote by: sdbest  For entrepreneurs, inventors, and investors who are not the fortunate beneficiaries of wealthy families making the first million is really difficult. Making the second million not as tough. And so on. Each subsequent increase in fortune is easier and easier. You can be sure that today Jobs, Buffet, Gates, et al make billions with little risk and by applying little skill.
Sure, people deserve financial compensation for their achievements. The question is to what extent? And to what adverse affect on the rest of the world's people? Moreover, few of today's uber-wealthy attained their wealth by means of achievement. They are wealthy because of hereditary position as in Saudi Arabia or because of family.
How is that someone with a billion dollars deserves--let alone needs or could spend--a second billion or a tenth billion? |
They deserve it because it is their property.
If someone inherits a fortune, it is the previous owner of the fortune's wish that it go to whomever is in the will. Since the fortune belonged to the previous owner, s/he can do whatever s/he wants with it.
That's how things work in the civilised world, where there isn't (or shouldn't be) a teacher to punish us for not 'bringing enough for the rest of the class.'