Sample Philosophy Paper on Are the Rich Necessary?

The rich people are regarded to have an abundant pact of money or assets. Richness is earned through various means, as long as the way people work on their wealth primarily differs. A big number of the wealthy individuals in the world seem to be beneficial to the economy and community as a whole. Nonetheless, others appear to misuse their richness. The majority of the affluent individuals use their richness through making investments and generating employment. This could also be the reason why conservatives advocate for a higher taxation of the rich individuals. This paper discusses the significance of the rich people, particularly to the economy and society as a whole.

The rich provide employment for the poor. The proprietors of big corporations who are regarded as business executives earn billions of dollars only because they are in a situation of purchasing the labor of all their employees by remunerating them sufficiently. Workers are often not forced into a certain occupation, but due to their daily life requirements, they find themselves working hard. Additionally, the personnel who lack sufficient money to make a comfortable living from their incomes are only in a job for their labor, which eventually creates returns for the rich. From this, it is evident that the money and property of the rich are generated by the poor who act as their laborers. The situation shows that the rich continue to accumulate more wealth at the detriment to the poor. On the other hand, the poor who provide labor for the rich could remain in this condition unless they manage the little they earn accordingly.

One rich person could make hundreds of people wealthy. By working for the rich people, one could manage the little income she/he acquires and possibly start an enterprise. The rich earn returns as they possess and regulate the means of production from their offices, stores, technology and machines, raw materials, and land. If the employed could utilize and save their incomes accordingly, they could too become rich by initiating their businesses. Beyond being in a position of stealing a ration of the workers’ labor through proceeds, the rich are in a situation of dictating how and what ought to be generated. Thus, they have the ability to ensure that quality products are generated. Moreover, the rich employ their monetary power to bend the regulations to their will and certify some directives. They use far more political power than employees, flouting the egalitarian belief of one person, one vote. Being rich is substantial as one is in a position of generating jobs when they are adequately beneficial to them. Some are fast to abolish or displace occupations and leave employees’ lives in a mess in their struggle to pay the lowest probable incomes thus making higher proceeds. For this reason, the rich employers need to abide by the regulations of employment. The rich ought to pay their workforces fairly for the work done.

In conclusion, richness is essential to the economy and society. If all people could be poor, there would be limited or no positions for engagement. On the other hand, if all persons became rich, there would be no individuals to engage in work. Thus, there is a necessity for the affluent people. Additionally, the employees have the right to fair remuneration, safe working environments, and not to be discriminated. Therefore, the rich employers should provide favorable working conditions to their workers.