Question

Should we limit the amount of money people can earn and save to avoid an unequal distribution of wealth?

Answer 1

This concept is purely based on communism and socialism which states the equal distribution of wealth as well as social services like food, health, social well being. The pros of this system are -

1. It destroys most kind of disparities.
2. it destroys poverty.
3. It also leads to the concept of equal opportunity to everyone.

Some cons of this system are-

1. It leads to lack of competition as people do not try to become a better version of themselves because a proper money wallet is fixed for them.
2. It leads to lack of governance and leadership as it gives equal power to every individual being.
3. It also results in the destruction of natural resources as people tend to exploit resources when given equal distribution.

Hope it helps you.

Answer 2

Hola mate

Here is your answer -

Money isn’t pie. If I earn $100, that doesn’t deprive a poor person of $100. The only way for me to earn $100 is to offer somebody else something that they value more than $100. Let’s suppose I landscape their yard for $100. The only way I’m going to earn that $100 is if my customer values a landscaped yard more than the $100 they pay me. (If they didn’t, they’d keep their $100 instead.)

So, if you limit my ability to make another $100, you’re not just depriving me of cash, you’re depriving someone else of something that they value, like a landscaped yard. That doesn’t just impoverish me, that makes somebody’s yard uglier.

Rather than limiting my ability to make $100, you should be making it easier for poorer people to make $100. One way you could do that is by reducing occupational licensing requirements. Now anybody with a shovel and a green thumb can earn $100 landscaping, without first having to do 3 years of apprenticeship and buy a government license to dig holes. And, lo and behold, a whole lot more people’s yards get beautified because there are more landscapers out there.