General rule of thumb has 80: 20 ratio for everything , same is true for wealth also.
Hence 20% of the population will always have 80% of the wealth at any given time , whether somebody likes it or not.
Only way out for general population is that so much wealth should be created by the society that 80% of the population with 20 % of the wealth is also able to live with a very decent standard of living.
The things government can do is :
1.Facilitate wealth creation through legal means which ever way possible.
2.Ensure corruption free society where wealth only gets created through legal means .
3.Any Illegal creation of wealth should be very severely punished so that it becomes an example for future cheats.
Any 80% who wants to be among 20% , they will have to work hard for it real hard , there is no short cut to it.
And there should not be any short cuts also , as it will create a Healthy society where merit , hard work , Innovation ,brilliance ,smartness gets rewarded through creation of wealth for the individual.
Bottom Line is that Healthy competition is the name of the game.And that is the way Human society should evolve in future also.
Hence 20% of the population will always have 80% of the wealth at any given time , whether somebody likes it or not.
Only way out for general population is that so much wealth should be created by the society that 80% of the population with 20 % of the wealth is also able to live with a very decent standard of living.
The things government can do is :
1.Facilitate wealth creation through legal means which ever way possible.
2.Ensure corruption free society where wealth only gets created through legal means .
3.Any Illegal creation of wealth should be very severely punished so that it becomes an example for future cheats.
Any 80% who wants to be among 20% , they will have to work hard for it real hard , there is no short cut to it.
And there should not be any short cuts also , as it will create a Healthy society where merit , hard work , Innovation ,brilliance ,smartness gets rewarded through creation of wealth for the individual.
Bottom Line is that Healthy competition is the name of the game.And that is the way Human society should evolve in future also.
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