There’s been a lot of conversation these days among America’s wealthy class about whether capitalism can—or even should—survive in an age of increasing wealth disparity.
Some, like billionaire hedge fund owner Ray Dalio, seem downright ambivalent about their wealth.
Dalio, whose net worth stands at about $14 billion, believes that wealth disparities between rich and poor in this country will eventually foment a populist uprising that might bring about radical socialism.
Dalio believes “that all good things taken to an extreme become self-destructive and that everything must evolve or die. This is now true for capitalism.”
The interesting thing, though, is that none of these individuals complaining about disparities—whether it is Mark Zuckerberg or Dalio—are giving up their wealth. They earned it, they enjoy it, and they are also using it to help others.
The fact of the matter is that wealth is a great thing, and those who are blessed with it have an awesome opportunity to help others and to shape the world they want to live in.
In defense of wealth, then, here are some of its notable benefits:
Wealth can provide independence of mind. It is great when one can make decisions about what things one spends one’s time doing, free of any concern over whether the bills will be paid or not. The freedom to make principled decisions enhances one’s moral character.
At the end of the day, you aren’t truly free if you have to depend on others to support you financially.
Wealth enables one to contribute to and help others. It secures one’s place among those in society who are not asking for a handout but extending a hand to others. That is, wealth affords one a position of natural leadership and trust.
Wealth enables one to live more healthfully and with fewer of the …read more
From:: Daily Signal – Feed