DONT SAVE THE WORLD

REDISTRIBUTION ON WEALTH

It is strange that as you look around and listen to, read and watch media, all you hear are reports on how to help the poor nations and how development is happening at their cost. All of us must have come across at least one article about how 50% of the worlds population own 5% of the income and 5% own 50% of the income.

They would talk in all glory about redistribution of wealth?? have u ever wondered whose wealth....the rich of course rt!!! But if it belongs to the rich, what rt does society have on this wealth, its his after all..he worked hard for it...he slogged his #$% off, he worked when u slept, he sacrificed the Sunday mornings and the little pleasures of day to day life..to earn..to become wealthy..the rich....

But, of course how can i forget!!!! he earned it at their expense, they don't have money because he took it away..what a selfish pig..himself has five course meals but these poor hard working souls are left with no meals..what a heartless soul..isn't he....but the poor man has been taught by his god to forgive..and he shall...and all he seeks in return is not as much wealth ..but just a part..some redistribution...just a quarter of his wealth for his benefit and other unfortunate ones!!

Our esteemed economists have got it all wrong..even I am an economist by education and i daresay that like economists always do..i too disagree with other economists..the developmental economists...

I disagree with any notion which talks about earning at others expense...a few rare cases earn without deserving..most deserve it..

Confused????? .....

Lets look at the language...wealth by definition is created. We always say "he created wealth"..."he build an empire"..creation of a company...the very way of saying should give us an hint that wealth or money is not mass or energy that the overall amount in the universe needs to be constant. Wealth is ever growing and a function of peoples ability and their skill. Thus, wealth is not a constant amount and therefore if one gains, the others have to lose. All can gain and all can lose at any point of time.

So the rich never stole it away from the poor..he worked hard when the poor slept, he created wealth while the poor did not. The rich created wealth through hard work, sweat, determination, a fighting spirit and by acquiring information and knowledge.

the rich was alert to changing markets, to new needs and he catered to it...he spent time and effort in getting information, making plans...he slogged while the poor laughed at him...thinking he is mad to work so hard and not enjoy....but the rich did...the poor said don't run fast..the rich did...poor thought things were impossible..rich proved him wrong....THE RICH THUS CREATED WEALTH WHICH NEVER EXISTED AND WOULD NEVER HAVE IF LEFT TO THE POOR.

Then they became poor and rich....and when they did..it was bad...there was a divide...there were haves and have nots...

Then we spoke out redistribution...of what...for what reason...redistribution of a wealth that poor couldn't have created..or is it an apology for working hard and creating something...

Lets imagine..just imagine..if the rich never worked hard..n doesn't create wealth...lets imagine the top 5% didn't create 50% of wealth. Lets represent each % by one unit. So the top 5% don't create 50 units of wealth but just 0.5 units going by the proportion of 50% poor people creating or earning 5 units of wealth. So, now the world has 50.5 units of wealth and not 100 units of wealth. So the income available for distribution itself is almost 50% of earlier wealth...if we have lesser wealth...its common logic that we can sustain probably much lesser of our 6.6billion people than we could with 100 units of wealth.

So lot of people die..now will u blame the rich for not working?? and not earning for these poor souls whose existence is a function of how much wealth 5% create and so that they pay taxes, and in creation process employ millions and provide them food, shelter and clothing. But if they don't create...governments will not have taxes to build anything for the "poor" who didnt do anything all his life and never will..there will be no social security...and 100's millions others will lose their jobs...economies would collapse..the bottom of the pyramid will vanish overnight as the worlds income is halved and nothing is left to redistribute...

If we keep talking about redistribution..the top 5% capable of making money will not do so..as they might lose their incentive..world will come to a standstill...let them earn freely...without accusing them..coz the day they stop...it will be Armageddon....

i hope u got the hint...stop fucking talkin about it redistribution as if its your right...stop begging in the name of some morals and values which benefits the lazy, the non-worker, the non-worthy!!!!

Obviously people would argue on equal opportunity ....that shall be taken in my next blog..titled opportunity..

watch out this space for update of this one!!