In our current global environment the richer are becoming richer and the poor are becoming poorer. The poor are becoming poorer because they lack the capacity to overcome the challenges of poverty, disease and ignorance. In the same global environment there are few people gifted in the art of making money to the extent that they have become too rich to know what to do with the money. For example in the United States alone, the richest 1 percent of the population controls about 40 percent of the country’s wealth. According to a recent study by Oxfam, the 85 richest people on the planet are worth nearly as much as the poorest 50 percent of the world’s population. Interesting enough both the poor and the rich appear not to be happy with the situation they find themselves in. The way forward is to formulate a strategy which will encourage those gifted in the art of making money to give capacity to those who are not as gifted. This may include transferring some of the wealth to the majority poor. Pope Francis has this to say…….read more
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