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  • Essay / Wealth in modern times: a question of morality and sustainability

    In today's society, there are several levels of wealth; the upper class, the middle class and the lower class. Each of these classes spend different amounts of money and the argument is that the upper class spends too much money on luxury goods and these people are immoral and sustainable. My opinion on this issue is that people should be able to spend money on what they want because they worked for it. However, I believe they should also help the less wealthy. The side I was arguing with disagreed with the motion that the extreme wealth that exists in modern times is immoral and unsustainable. I agree with this motion because while I believe you should be able to spend your money however you want, I also believe that the rich spend incredible amounts of money on things they simply don't need and this money could be put to much better use. use.Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get the original essay One of the most compelling rebuttals our team used during the debate was that the rich should be able to spend as much money as they want. ultimately some of the money will go to the needy due to the economic benefits. Trickle-down economics is spending money on things and that money will go to the people who need it most. For example, one of the arguments the other group used was that people spend too much money on unnecessary items and used the example of the most expensive pizza in the world which costs $2,700. However, the government taxes the restaurant and part of the money goes to the employees. The money that goes to the government is then used for multiple things like paving roads and paying people, and some of it goes to people who need it. A local example of an individual who used trickle-down economics to distribute his wealth is Bill Gates. He is the owner of Microsoft, a PC software company. Bill Gates is also one of the world's largest philanthropists and has spent around $34 billion according to the Wikipedia page on Bill Gates. He used the concept of a trickle-down economy to spread his wealth and donate his money. The government allowed economic freedom and through this Bill Gates had the freedom to spend his money however he wanted, which therefore gave others a springboard to social mobility. Bill Gates has spent his money on many things, but he donates and uses that money to create foundations such as the Bill & Melinda Foundation that help poor people. The point being made in this example is that giving people economic freedom will encourage them to spend money, which will be a stepping stone to social mobility. This argument was compelling because, although it gave facts, it also had someone's life story that could connect people on a personal level. This also shows that Bill Gates had the choice to spend his money on unnecessary luxuries, but chose to help people. While this is a valid argument, it can be disputed that not all billionaires or multi-millionaires are like Bill Gates and give away large sums of money. to charity or simply helping society in general. Many people even try to avoid taxes by using offshore accounts so they can keep more of their money, which makes these rich people who spend money on ridiculous things immoral. The teamOpponent had many effective rebuttals, however, one that I found particularly difficult to counter was that the rich spend millions of dollars on things they don't really need. They buy things that make them look rich and superior, but they don't really need them. Instead, this money could be used for much better purposes, such as supporting poor children and families around the world. They argued that people who spend this money are immoral and that the level of spending is unsustainable because it produces a lot of waste. A global example of this is how billionaires and millionaires spend money on toys or luxury products such as cars, yachts, jets and many other unnecessary things. The money spent on these luxuries could be put to much better use. For example, in 10 years, Lamborghini sold approximately 21,500 Lamborghinis and would cost a total of $4,300,000,000. For that amount, someone could build 224,352 schools in Africa. As the example shows, the money spent on these luxury products compared to what it could buy gives you an idea of ​​what is actually being spent and wasted. The argument put forward was exceptional because it was a statistical argument that compares and clearly shows how this money could be better spent. It is also an emotional argument that allows you to imagine the exact amount, how much money it is and what it can buy. This allows you to feel guilty because it shows how you could have helped those less fortunate. While the argument is very valid, it can be disputed that people earned this money fairly and therefore should be able to spend it however they see fit. There are many examples of people who went from rags to riches and had to work very hard and earn their money. It's stupid not to be rewarded for their hard work by getting something special. However, the amount of money the rich spend on luxury goods is a bit absurd and could be put to better use. My opinion comes from both an ethical, religious and ideological perspective and therefore I believe that people should be able to spend their money on anything. they want. They should have economic freedom and preventing or making it immoral to spend money on self-care is irrational, because if you worked hard for that money, you should have it. Imagine that you work hard and with this hard work you have earned a lot of money, with taxes some of it is already gone and then you have to pay your bills. You have a certain amount left and if the argument says that it is immoral to spend it on something beautiful or expensive to be able to please myself, I don't believe it. However, I also think that people should use their money to help people and society, the rich should give more and give more money to charities and foundations that help the less wealthy to rise. This comes from a religious point of view since I am Muslim, it is a big part of religion to give a little of one's income to the mosque so that it can help the needy. In the future, I am convinced that poverty will decrease and living conditions will be much better for everyone. However, the steps to achieve this are long and complicated. There is no one answer and not all countries can do the same thing, because each country has a different problem with the country. Keep in mind: this is just a sample. Get a personalized article from our expert writers now. Get a Custom Essay I believe every country has the resources it needs.