Essay on Free Capitalism : An Unethical Practice

1306 Words Oct 28th, 2016 6 Pages
Most developed nations have programs to help the lower classes pay for food, health care and other needs that the lower classes may not be able to afford on their own. In many of these countries, a significant portion of the funding is collection from taxing the wealthy at many times the rate of the average worker. This is essentially, a practice which forces the wealthy do more than their fair share to help the poor. The fallacious argument that the rich have an obligation to help the poor, is an unethical practice with infringes upon more rights and morals than simply leaving the poor to support themselves or turn to private groups. The redistribution of wealth in modern societies, is an unethical practice since it violates the basic concept of free capitalism, reduces economic growth, reinforces human tendencies to be lazy, prevents the wealthy from donating to the charities they desire and acts as forced charity. Capitalism is defined by the oxford English dictionary as “an economic and political system in which a country’s trade and industry are controlled by private owners for profit, rather than by the state” [1]. When a government agency interrupts the capitalistic process and claims the private owner’s profits, or a portion there of, the government then acts in a controlling manner over the given economic activities. This action of controlling trade and industry by taxation, undermines the basic principles of capitalism. Further, a component of the economic freedom…

Related Documents