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A space for sharing and discussing news related to global current events, technology, and society.
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© 2020 Relevant Protocols Inc.
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"The wealth of various billionaires has risen significantly since the onset of the pandemic, while in many developing countries, people were pushed back into poverty"
"The wealth of various billionaires has risen significantly since the onset of the pandemic, while in many developing countries, people were pushed back into poverty"
Critics of wealth redistribution further point out that aid allocation is often heavily influenced by politics and is thus prone to corruption. Others also note that much of the wealth that the rich possess is in the form of capital goods which require constant upkeep and investment in order to sustain modern standards of living. To the extent that aid comes from funds that would have otherwise gone into building capital, it can actually cause living standards to drop.
Critics of wealth redistribution further point out that aid allocation is often heavily influenced by politics and is thus prone to corruption. Others also note that much of the wealth that the rich possess is in the form of capital goods which require constant upkeep and investment in order to sustain modern standards of living. To the extent that aid comes from funds that would have otherwise gone into building capital, it can actually cause living standards to drop.
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