Should there be limit to earnings?
Right from the creation of the world, everything has been either high or low so also is wealth. In a country, there are the rich and the poor, for as long as human being can remember both the rich and poor had been in existence and there is absolutely nothing whatsoever that we can do about it.
Some people strive so hard to earn the little they need for survival while some don't need to work so hard because they have huge inheritance from their forefathers. Even the Bible says both sets of people (rich & poor) will continue to exist till the end of ages.
Though in a country like mine, the system is so corrupt that as days go by, the rich are getting richer on a daily basis while the poor are getting poorer, humanly speaking it's unfair but there is absolutely nothing to do about it.
But should there be a cap on how much a person can earn?
Personally, I believe there shouldn't be a cap on how a person can earn. Now imagine a country like Nigeria in which our system isn't functioning well and the government can't create employment opportunities for one-eighth of the citizen and Dangote the richest man who owns numerous industries in the nook and cranny of the country is placed on a yearly limit, how do you want his employees to survive?
Let's say his yearly cap is 500 million Naira and he met the cap in just 2 months from all his industries in the country, please what will he do if he makes more than the maximum earnings that was set for him? Or will he stop working and tell his workers to resume work the following year? It doesn't sound right to me at all. I prefer the way this current system where a few people can be collectively richer than the rest of the world.
I believe the disadvantages of having an earning limit on people is more than the advantages because it's the lower income earners that will suffer for it more than their employer. Wealthy people have the resources to carry out plans and they are loaded with lots of ideas and they are the ones creating opportunities for the poor through their investments even more than the government, so why would they be limited?
If there is a cap on wealth, investors won't be motivated to develop new ideas and companies will eventually crumble, because why will I innovate so many businesses when I know my profits will be limited?
Well no law for now that is preventing people from making too much money, so let's leave it like. I won't support such a system even if it means a better and more fair society.
Let investors think outside the box so as to help the growing population because the government of today doesn't have anything to offer her citizens. People like Dangote and his kind will be able to help employ others to improve their standard of living and also be able to work to secure the future of their generations.
Thanks for reading through!
This sentence sums up the whole problem. Personally, I believe that the system must be changed and move to one where each human being has access to the quality of goods and services they want, without the need to label themselves in an economic or financial category. Maybe the day it is understood that we should focus on quality of life and not possessions, everything will begin to go better.
That is it, if not that nothing can change at all. Thanks for reading through
This is the wahala!
They would start working for charity 😂
Lolzzzz charity keeee because of what😂😂😂😂
You have said it all, the rich and the poor have their roles to play in the society. Moreover who will be in charge of regulating wealth, is it this same corrupt government officials who would use it as a means of extorting citizens they believe to have exceeded the maximum amount of wealth? Would the rules also apply to those in power? The existence of a policy that regulates wealth is an illusion.
I tire oooo, those criminals will continue to be rich till kingdom come
I find your write up very interesting. What would a rich man who has reach his bench mark be doing? As he stops earning but bills keep coming, is the wealth not going to finish one day? Just like you said, why innovate when you are capped and not allowed to make more? Some think the idea is that the rich will be getting richer while the poor remain poorer. But if the poor are already helped to attain to riches too or at least lifted above their level ground, it would be wrong to cap riches. Even the poor who are the beneficiaries won't accept. Hahahaha. Well done.
Yes ooo, the poor will be affected because they will be retrench from work. Thanks for visiting