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How is it possible that Poverty and Inequality continues in a supposed wealth producing world?

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.


What did the Share Our Wealth program seek to accomplish with regard to personal income?

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.


What is the difference between shareholder wealth maximisation and stakeholder wealth maximisation?

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.


What do you understand by the term maximising the owners wealth?

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


Do business ethics apply to all businesses or just corporations?

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.

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