Why should the rich be responsible for the poor?

Another important reasons why the rich should help the poor is it helps eradicate poverty to an absolute end. This will help people become economically sound, socially responsible and medically fit. The perfect combination of all three will lead to a clean environment and help control overpopulation.

Why are there rich and poor countries?

Differences in the economic growth rate of nations often come down to differences in inputs (factors of production) and differences in TFP—the productivity of labor and capital resources. Higher productivity promotes faster economic growth, and faster growth allows a nation to escape poverty.

Why do we take care of poor people?

Helping the poor escape from poverty will also help raise the incomes of the rest of the world. The poor constitute a major untapped market opportunity for businesses that can imagine new ways to bring down the cost of products and services to the poor.

What do rich people do differently from poor people?

Rich people do know how to save, give, handle money, and invest money. Poor people just know how to make money and spend it all. While poor people are afraid to invest money because of fear of losing, the rich people are risk lover. They love risk but they know how to manage and analyze risk.

Are the ‘rich’ rich in ideas?

The wealth of the rich is the ignorance of the people; in fact, the rich profits from the ignorance of the poor. There is no man that is poor; every man is rich in something. The ‘rich’ are rich in ideas while the ‘poor’ are rich in ignorance! There is a great conspiracy that I will be unveiling in this piece.

Why do wealthy kids stay rich?

Naturally, a child born into a high-income earning family has easy access to luxurious resources. Yet this environment has set them up with an unfair advantage compared to low-income children, as wealthy kids without fiscal responsibility are likely to stay wealthy at about the same rate as poor kids who work hard are likely to stay poor.

Do the rich control the rest of the world?

The rich controlling the rest as the working class get the short end of the stick. The definition of democracy states that it is a government by the people in which the supreme power is vested in the people and exercised by them directly through a system of representation; especially: rule of the majority.