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Capitalism does not entail that the wealthy deserve what they have, only that if they are not wise with respect to their wealth they will lose it. With regard
by SlipperySlope 11y ago
Capitalism does not entail that the wealthy deserve what they have, only that if they are not wise with respect to their wealth they will lose it.
With regard to Mr. Bieber, or celebrities/sports stars in general - there are many foolish ways for them to lose their wealth and only a degree of frugality, i.e. living within their means, will preserve it.
- crimsonalucard 11y agoSure and I agree with your first sentence and second sentence, but I don't think you're understanding what I'm trying to communicate. The loaded term "wise custodians" as if rich people are benevolent caretakers of the world's wealth due to their infinite wisdom is what I'm attacking here. It just simply isn't true. Justin Bieber is full proof of that. The guy is not wise, he's not a benevolent custodian either. Wealth is not magically redirected towards smart caring people. You are not a "wise custodian" because you are rich. You will always have stupid people who are rich and smart people who are not rich.