Because the wealth is given to very few. It being human nature not to share something good, inequality is created and since the wealth is never given to the poor, so is poverty.
The Share Our Wealth program, initiated by Huey Long in the 1930s, aimed to redistribute wealth in the United States to reduce economic inequality during the Great Depression. It proposed measures such as capping individual fortunes and providing a guaranteed minimum income, along with free education and housing for all citizens. The program sought to ensure that every American had access to basic financial security, thereby promoting social welfare and economic justice. Ultimately, it aimed to empower the impoverished and curtail the vast wealth held by the elite.
Shareholder and stakeholder in a company are the investors and company assets holder respectively. So the wealth maximization in both cases is nothing but increase in the share value for shareholder and company profitability for stakeholder.
Maximizing the owner's wealth means, In short & medium organization- maximize the profit of the organization. And in Corporation- maximize the value of share. hazrasabbir@yahoo.com
Business ethics is an oxymoron. The primary duty of a corporation or business is to increase share holder wealth by any means necessary. This explains why Halliburton is now located in Dubai, Trans Ocean in Switzerland and Tyco in Bermuda. These parasites are loyal to no nation and only follow ethics when they coincide with their primary mission: increase profits and share holder wealth.
The Share our Wealth Program was promoted by Huey Long, governor and United States Senator from Louisiana.
Huey Long
Huey Long
Huey Long's proposed wealth-redistribution program was called "Share Our Wealth" (aka Share the Wealth), with the catchphrase "every man a king."
Huey Long
that they pay higher taxes that would then be distributed to poor Americans
Share Our Wealth.
Charles Coughlin
Charles Coughlin
that they pay higher taxes that would then be distributed to poor Americans.
Huey Pierce Long.
that they pay higher taxes that would then be distributed to poor Americans