Quote:
Originally Posted by Devils'Advocate
Typically, when I talk to other activists, we talk about the disparity of net worth, rather than yearly income. And I think that is where the gross inequality lies.
I don't know where the line is in Canada. However, I can state that the 62 Canadian billionaires in Canada own 1/6th of the country's net worth. We're talking the Weston's, Arthur Irving, David Thomson, Frank Sobey, Edward Rogers III, etc.. That puts a sixth of the country's wealth in the hands of .00002% of the people. I don't care how hard they work - and most of them hardly work at all - they inherited most of that money and have others do the hard work for them - there is no way that so much money should be concentrated in the hands of so few.
|
Why shouldn't these people keep the wealth their families have worked so hard to attain? Why can't the families pass down wealth to their children? Isn't that one of the main reasons to accumulate wealth? Are you suggesting that because the current generation didn't earn all of the current wealth that they should not be born into it? Where would be the incentive to earn more money if you can't pass it down to your children?
I wish I was born into a family like the ones you have mentioned. I wasn't, but instead of getting angry at those families, I decided to work hard, use my talents and try to build my own empire. My company is owned by a wealthy family. At no point did I think I was entitled to any of their money. They have built it over many years and have taken all of the risk in order to do it. I am grateful they pay my salary and are allowing me to have the same opportunity they achieved.