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Suppose you could snap your fingers and instantly reduce the huge disparity in income distribution across the globe. Would you do it?

Many of you will probably say yes. You'd take some of the "extra" money from the rich and use it to help the needy. But suppose I put one condition on this magic power of yours. Suppose the only thing you can do by magic is reduce by half the wealth of the top 1% while knowing the money would be transferred to no one. The money would simply cease to exist. The rich would have half as much, while everyone else remained the same. Would you use your powers then?

I keep reading opinions that the gigantic gaps we see in income distributions are corrosive to a healthy society. If that's the case, using your magic to screw the rich should be a good thing for the world - including the rich themselves - even if the poor are not directly helped at the same time.

So how about it - Would you use your magic to screw the rich, thus reducing the gap in income distribution?

 
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+5 Rank Up Rank Down
May 7, 2012
Those that have money usually have earned it. A few inherit it, but most work hard to get there. Hard work includes going to school and grubbing your way up the corporate ladder. Sometimes, a little luck is involved. But, if you take away the reward for hard work, then nobody will want to work hard. I am not rich by any means, but am comfortable. I am very happy donating a lot of money to people and charities of my choice. I do not want the government or anyone else taking what is mine. In a capitalistic society, the laws of supply and demand will determine what is wanted/needed, and people will be willing to pay more for it. That's why IT guys can make more money than blacksmiths. Blacksmiths have a great skill - but there is just not much of a need for it. Everyone has a computer/smartphone and needs help at some point.
 
 
+11 Rank Up Rank Down
May 7, 2012
Scott,

No. Not for any reason.

Unearned wealth is unearned guilt.

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