Being rich is not sin.But to be sinfully rich is.

@rbojji: @BillGates Any capitalist economy necessarily has conundrum : private gain at public expense. Inequality rises. Jean Tirole relevant.

My tweet above summarizes our story of economic development . The result is clear to see.

Top 1% own 50% of world wealth while 50% of population own 1% of total wealth on this planet.

But at the same time rich just own the assets but are forced to pit it to use which provides livelyhood  to others who don't own assets.

Ultimately rich man too ends up eating his roti and diabetic insulin managing the asset.

More important for me is to ensure sanitation, human living conditions and roof over head, protection from natural calamities, equal opportunities for education and be able to support oneself reasonably well to pursue own interests .

Not all interests culminate in making money only. Some may pursue that but others can have own literary or social service or philosophical pursuit or just seek knowledge enjoying the journey!

State should step in here to make such laws which gently push major asset owners and rich to work with govt to achieve these objectives.

Capitalist economy has the necessary conundrum of increasing inequality. Nothing wrong. But bottom one percent too should be able to live human life with freedom of choice and wellbeing to pursue own interests without being constrained by poverty.

Being rich is not sin. But to be sinfully rich is bad. 

Comments

Popular posts from this blog

Sovereign digital currency : Cashless society even without connectivity

Gravity can sustain humanity - God given gift to us! Most unwise & the greatest disservice to ignore!

India's own derailment eliminated , High Speed Gravity Powered Rail along High Ways without land acquisition.