Tag Archives: Social Issue

should billionaires exist

No matter how much one dislikes it, they can’t deny the fact that the world is divided between the top 1% and the bottom 99%, and the rich, no matter how small in numbers, run the world. People are hoarding the worlds wealth, while the rest are left to find comfort in the scraps. These past few years have seen a massive rise in billionaires, currently their being 2095 of them. However a question that has been going around for years now is that, should billionaires exist?

A lot of people have different opinions on this. Some believe that billionaires have earned their keep, so they should be able to keep it. According to me, no one gets that rich just by working honestly.Imagine trying to save a billion dollars, and start by saving a $100 each day. If you, and one descendent per generation, saved $100 every day, and each of you lived for 90 years, it would take you and 304 generations of your descendants to save up one billion dollars, more than 27000 years. Take Jeff Bezos as an example. The owner of Amazon, with a net worth of $114 billion, he is undoubtedly one of the richest men on this planet. Yet, many of their own workers have unionised against the company. In a statement during the announcement of the union push, picker Rashad Long claimed workers are overworked, pressured with frivolous disciplinary actions and security lines at the exit cut into breaks and extended work shifts, unpaid. Exploitation of the innocents is a major step towards their billions.

The worst part about this is that there are problems like climate change and world hunger, which can easily be solved if proper money is invested in them.  These billionaires can definitely contribute a lot and possibly even solve such issues, without facing a major loss, but they choose not to. They sit comfortably with their riches and watch the world burn. If you make the argument that they are not at all obliged to donate their money, then capitalism has fooled you. No one needs that much money, but they do have it. And people actually need food, housing etc, yet they can’t afford it. Even if they choose to help them, they’ll still be left with a lot of money. So you can see for yourself why billionaires shouldn’t exist.

The COVID 19 pandemic has had the world under lockdown. There are people losing their jobs, people who don’t even know how they’re going to pay rent or buy food for their kids. During this, the top 1% have the audacity to sit in their million dollar mansion and say that “quarantine is like prison”. This is an extremely privileged statement, coming from those who don’t even have any responsibilities, who are not directly affected by this pandemic.

Currently, 2% of the world’s population is homeless. People are dying in the streets, whilst billionaires are buying their 10thmansion. It’s truly saddening to see how many people will rush to defend the top 1%. The common people need to be educated of their exploitative nature. Only then will they be able to say, “No. Billionaires shouldn’t exist.”

Sources: https://www.theguardian.com/technology/2019/jan/01/amazon-fulfillment-center-warehouse-employees-union-new-york-minnesota


Justice is an important concept in politics, philosophy, law and ethics. Different philosophers have analysed the concept in different ways. The quest for justice began with the beginning of human thinking. Justice has been understood differently in different contexts. There were many wars, struggles, revolutions, and social movements which were changed with the change of time and circumstances. It is closely associated with religion, morality, equality, liberty, property, law, politics and economic system. The criterion for judging each social concept is justice. In different social systems, there are different conceptions of justice. 

Meaning of justice: It is impossible to give a specific meaning of justice. Whenever an effort to define justice has been made, it has led to problems. The Greek philosopher Plato tried to define justice as a virtue in action.

The main difficulty in defining justice is that it is not an independent concept. Justice is closely associated with the system of values and the norms of social systems. Rawls writes “…. The nature and aims of a perfectly just society is a fundamental part of the theory of justice.”

Every system is governed by certain norms and values, in turn, determine justices. Thus, justice is not an absolute but a relative concept. Justice is related to values legitimacy and ideals.

Types of justice

  1. Distributive Justice: Distributive justice also known as economic justice is about fairness in what people receive, from goods to attention. Its roots are in the social order and it is at the roots of socialism, where equality is a fundamental principle. If the people do not think that they are getting their fair share of something, they will seek first to gain what they believe they deserve. They will also seek other forms of justice.
  2. Procedure Justice: The principle of fairness is also found in the idea of fair play (as opposed to the fair share of distributive justice). If people believed that a fair process was used in deciding what is to be distributed, then they may well accept an imbalance what they receive in comparison to others. If they see both procedural and distributive injustice, they will seek restorative and/or retributive justice.
  3. Restorative Justice: The first thing that the betrayed person may seek from the betrayer is some form of restitution putting things back as they should be. The simplest form of restitution is a straight forward apology. Restoration means putting things back as they were, so it may include some act of contribution to demonstrate one is truly sorry. This may include action and even extra payment to the offended party. Restorative justice is also known as corrective justice.
  4. Retributive Justice: Retributive justice works on the principle of punishment although what constitutes fair and proportional punishment is widely debated. While the intent may be to dissuade the perpetrator or others from future wrong-doing, the re-offending rate of many criminals indicates the limited success of this approach. Punishment in practices is more about the satisfaction of victims and those who care about them. In such a case, ‘justice’ is typically defined emotionally rather than with intent for fairness o prevention.