[GJM] Rich just keep getting richer in new list - Yahoo! News UK

[Rajendra Aggarwala]

        Dear Justice seekers,
   
  The article only proves that you need to be rich enough for using your surplus funds for further enrichment. If this principle is applied nationally, it shows that richer people will lead to higher savings rate of a country, which can make the country richer. If that is so, why do you want to create an upper ceiling to any one's riches, because more the riches with any person, greater is his or her contribution to the increased savings rate of the country; and higher the number of such rich persons, even  more will be the savings rate of that country, and so greater will be the growth rate of richer people. Sooner or later those riches will reach the poorer lot.
   
  While if there is limit to riches of every person, their savings rate will cease to increase soon, and as the poorer people cannot increase their savings rate, savings rate of that nation will soon come to a standstill or get lower in the long run, making the country poorer, not richer.
   
  Hence this socialistic model of economy does not suit the poorer countries at all. It may to some extent suit the rich countries so that they do not misuse their excessive wealth, and thereby lower the character of the people.
   
      
  

~Ashok <lama1126in at yahoo.co.in> wrote:     Thankyou Robert:
   
  I enVision a world where, if not the equitable distribution of
  riches and resources amongst the people of this planet, but
  at least a reasonable abundance for every living person and
  better still, if we can draw an upper limit line like we have the
  people below poverty line...
   
  Loveful regards
   
  Ashok
Robert Searle <dharao4 at yahoo.co.uk> wrote:
  

Robert Searle (dharao4 at yahoo.co.uk) has sent you a news article

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May be of interest

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Rich just keep getting richer in new list
http://uk.news.yahoo.com/rtrs/20070429/tuk-uk-britain-rich-fa6b408.html

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