>Robeyns points out that extreme wealth “is often tied to immoral and criminal practices”. As evidence, she notes the massive use of tax evasion among ultra-wealthy people and their firms. Whether legal or not, she labels these practices as unethical. Going further, she reminds us that current wealth inequalities have some roots in historical practices such as slavery or military conquests — as scholars of global history have revealed, for example in Sven Beckert’s 2014 book Empire of Cotton.
A better question is how poor is too poor? Most of the negative influences wealth has is a result of everyone else’s fear of destitution.
Easy. The formula is:
1. When you have more money then you can spend you have savings
2. When you have more than you can save you have investments.
3. When you have more than you can invest you have *power.*
Too much is when it’s no longer savings & investment and becomes raw power.
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>Robeyns points out that extreme wealth “is often tied to immoral and criminal practices”. As evidence, she notes the massive use of tax evasion among ultra-wealthy people and their firms. Whether legal or not, she labels these practices as unethical. Going further, she reminds us that current wealth inequalities have some roots in historical practices such as slavery or military conquests — as scholars of global history have revealed, for example in Sven Beckert’s 2014 book Empire of Cotton.
A better question is how poor is too poor? Most of the negative influences wealth has is a result of everyone else’s fear of destitution.
Easy. The formula is:
1. When you have more money then you can spend you have savings
2. When you have more than you can save you have investments.
3. When you have more than you can invest you have *power.*
Too much is when it’s no longer savings & investment and becomes raw power.
and remember kids, Power Corrupts.