Do you think billionaires should give some of their riches away?
By Shavkat
@Shavkat (140249)
Philippines
January 18, 2024 5:50pm CST
I am sure that most tycoons in business gained more profit during the pandemic. As the saying goes, "Rich becomes richer."In a business context, businesses should take social responsibility. It means that they need to share their blessings with their respective communities. Some people claimed that they should not.
What is your take on this concern?
Image Credit: extension.usu.edu
9 people like this
14 responses
@FourWalls (71430)
• United States
19 Jan 24
It’s their money, so they should no more be forced to “give” than you or I.
6 people like this
@FourWalls (71430)
• United States
19 Jan 24
@Shavkat — in America, it’s rather well-documented what businesses do charitable work. There are also businesses that are listed as black-owned, women-owned, or veteran-owned, if people are inclined to support individuals by shopping there instead of the “big store.” Many companies are also “known” to be big donors to causes, from charities and assistance organizations to “controversial” political/social stances (Chick Fil-A was blasted because its owner said he personally didn’t believe that gay marriage was right, Biblically speaking…however, when the gay bar in Orlando was attacked and 50 people killed, the Chick Fil-A [normally closed on Sunday] in the area opened and fed the survivors, first responders, and people in line giving blood.) One of the ways “free enterprise” works is that people can decide if they want to shop at a business that charges a lot of money and does no charitable giving.
In America there are tax breaks for charitable giving, for both individuals and businesses. A lot of people give to get the tax break in addition to the support of a charity or cause they believe in.
3 people like this
@LadyDuck (472489)
• Switzerland
19 Jan 24
@FourWalls I agree, they are asking from months to pay "more taxes", I wonder why the politicians do not listen.
2 people like this
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@1creekgirl (42400)
• United States
19 Jan 24
I believe everyone should be good stewards of the money they have. This may include helping others and the community. But no one should be required to give money they earned to someone who didn't earn it.
4 people like this
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@RasmaSandra (82497)
• Daytona Beach, Florida
19 Jan 24
They definitely should because to them $1000 dollars is like to us $1 and then counting upward. I think it would be great if people could prove that they need a certain amount of money they could ask a billionaire and would be given this money,
2 people like this
@mildredtabitha (16208)
• Nairobi, Kenya
19 Jan 24
I think they should share only if they want to share. They should not be forced.
2 people like this
@LeaPea2417 (37508)
• Toccoa, Georgia
19 Jan 24
I agree, they should not be forced.
1 person likes this
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@porwest (95999)
• United States
19 Jan 24
My take is no. They should not. It's their money. They earned it. Even if people think it is unfair or wrong, it's theirs. To take it is to steal it. To expect they give it away is wrong. Especially in the United States, every single American has the same opportunity to participate in the system, invest in these businesses, and obtain wealth.
Hands off money that doesn't belong to someone else is what I say.
2 people like this
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@porwest (95999)
• United States
21 Jan 24
@Shavkat Yep. They pay taxes. The create jobs. They create and produce products that make our lives better and easier. They also create the opportunity for us to invest and grow our own wealth. I think they pay enough and what they contribute to society is already WAY more than the average person contributes.
1 person likes this
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@KarenAnne (257)
• United Kingdom
23 Jan 24
Maybe they should just start paying taxes like normal people?
1 person likes this
@Shavkat (140249)
• Philippines
25 Jan 24
@KarenAnne Perhaps you are right. Most small companies do this in my country.
@KarenAnne (257)
• United Kingdom
24 Jan 24
@Shavkat They really don't. They take money out of countries and hide it.
1 person likes this
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@zhangxueying (3340)
• China
19 Jan 24
I think it depends on the ideas of the wealthy themselves.We see many wealthy people doing charity
1 person likes this
@Beestring (14917)
• Hong Kong
19 Jan 24
It's really up to them. It's their money. Nobody can force them to do so. But a lot of billionaires are donating to charity or set up a charity fund.
1 person likes this
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