Topic: When A Super Rich Person Buys A Yacht Do More Africans Suffer? (Read 1772 times)
I've been reading your question and your statement repeatedly... its a tough question.. but all I could say is when you buy something, or acquire something, legally and with tax, I don't think that there is problem with that, you must be happy with that, besides, when you buy things you are helping those who made that product..
February 11, 2016, 03:35:51 PM
Basically.....Do You Have A Moral Responsibility When Buying Things?
On a smaller scale if you buy a certain product more of that product will get produced as a result, does that imprison other people or does it depend on the product? How do we know what products are moral to buy?
On a smaller scale if you buy a certain product more of that product will get produced as a result, does that imprison other people or does it depend on the product? How do we know what products are moral to buy?
In my opinion the answer to the 1st question is...... yes, but that depends on your own personal morals, if it feels wrong to you then dont do it, but dont enforce your morals on others
the 2nd questions is similar answer buy something if you feel it is right t o buy everyone can justify their own purchases
February 11, 2016, 01:03:08 PM
In a way, because resources are limited and buying a yatch means less resources for the less fortunate, but most people don't give a damn about any of that. It's just not a sane to think, if you have to feel bad about every luxury you have in the first world then we would always be depressed since drinking clean water is a luxury within itself. But yeah a yatch is overkill, but as long as we live in a capitalist system it is what it is.
February 11, 2016, 11:01:26 AM
The yacht is not so expensive, as you may be think. Super rich person can buy used yacht at 60% - 80% off from new yacht price. Even truck driver can find used yacht at 30 - 50 BTC price level 
February 11, 2016, 08:32:34 AM
I wish this topic could be more specific. Are we talking about the super rich in Africa or super rich in Europe/America/Asia?. If we are talking about the super rich in Africa, then it is a matter of concern. Rich people in Africa are known to exploit the poor for their own gains. If I saw a super rich person in Africa owning a yacht, then definitely it affects the African directly.
February 08, 2016, 08:49:00 PM
Its not really of their purchase, I mean yes in a way it does. Its more on how they move funds.
But the bigger impact is when they have companies in those countries and they are given a tax break for being there then pull out.
Now all the people who do worked for that company have to go find a job all over again.
But the bigger impact is when they have companies in those countries and they are given a tax break for being there then pull out.
Now all the people who do worked for that company have to go find a job all over again.
February 08, 2016, 08:24:33 PM
Yes. Allocating resources in a wasteful way increases suffering.
Money is power. With power comes responsibility. The super rich have a responsibility to use their power in non wasteful ways. They must act as stewards of the worlds wealth rather than owners of it.
Money is power. With power comes responsibility. The super rich have a responsibility to use their power in non wasteful ways. They must act as stewards of the worlds wealth rather than owners of it.
February 08, 2016, 07:07:13 PM
Strange question. I'll reply with another. Has anyone seen an African boat? I've seen some locally-built fishing boats in Algeria, and they didn't have anything in common with the yachts I've seen in Monte Carlo. And I don't think there's the slightest thing coming from Africa in a yacht.
February 08, 2016, 06:08:18 PM
This does not matter one bit, the rich will become richer and the poor poorer, life continues regardless. If that rich guy distributed that money among the poor Africans, I am sure not only will he be helping in a big way but will be more satisfied by doing a humanitarian deed than sipping cocktails in his luxury yacht.
Yes the problem in the world today, which divides the rich and poor countries is the distribution of wealth, if we all give a little, it will take a huge impact on the lives of those who has less fortunate.I respectfully disagree. All coercive (taxes used for wealth transfer to the poor ("welfare"), taxes for foreign aid, etc.) schemes of redistributing money have been uniformly shown to hurt the recipients.
Look at the poor in the USA. They are no better off than they were in the 1960s. Were such wealth transfers EVER shown to be successful, poverty would have been solved.
I invite rebuttal. Please show us ANY cases where gifts or other wealth transfers have helped in any significant way (that is, not just an occasional anecdotal person truly helped).
February 08, 2016, 12:49:57 PM
This does not matter one bit, the rich will become richer and the poor poorer, life continues regardless. If that rich guy distributed that money among the poor Africans, I am sure not only will he be helping in a big way but will be more satisfied by doing a humanitarian deed than sipping cocktails in his luxury yacht.
Yes the problem in the world today, which divides the rich and poor countries is the distribution of wealth, if we all give a little, it will take a huge impact on the lives of those who has less fortunate. 
February 08, 2016, 12:41:57 PM
This does not matter one bit, the rich will become richer and the poor poorer, life continues regardless. If that rich guy distributed that money among the poor Africans, I am sure not only will he be helping in a big way but will be more satisfied by doing a humanitarian deed than sipping cocktails in his luxury yacht.
February 08, 2016, 11:08:42 AM
Economy is a zero-sum game. So it definitely shows why Africans are poor.
In a zero sum game, for every gain, there is a equivalent loss.
Let's say my neighbor discovers a cure for cancer and ends up making $50 billion dollars as a result of his discovery.
Does the fact that he made $50 billion dollars make me and the rest of the world poorer?
Where do you think his 50 billion $ comes from?
Someone always has to pay.
February 08, 2016, 10:30:31 AM
When you buy blood diamonds, the Africans might suffer... but a yacht made in any other country other than Africa would not harm them. It might be better for them if
the product was made there, because it would have created some job opportunities. Some countries outsource their workforce from Africa because they are cheaper and
that might be unethical. {The old slave trading} If no child labor is involved, I would say... Go for it... you stimulate the economy by buying stuff, and you create job
opportunities.
the product was made there, because it would have created some job opportunities. Some countries outsource their workforce from Africa because they are cheaper and
that might be unethical. {The old slave trading} If no child labor is involved, I would say... Go for it... you stimulate the economy by buying stuff, and you create job
opportunities.
February 08, 2016, 09:25:54 AM
Basically.....Do You Have A Moral Responsibility When Buying Things?
On a smaller scale if you buy a certain product more of that product will get produced as a result, does that imprison other people or does it depend on the product? How do we know what products are moral to buy?
On a smaller scale if you buy a certain product more of that product will get produced as a result, does that imprison other people or does it depend on the product? How do we know what products are moral to buy?
I've never bought a yatch, so i can't tell you the truth, basically when i spend my moeny, gained whit my work whitout abusing people i'm not doing a wrong thing
You think you're not abusing people, it doesn't mean you don't.
Think a bit further your action, or at least your immediate actions.
You probably impact life of strangers on a rather heavy tune with just your buys!
February 08, 2016, 08:31:02 AM
Basically.....Do You Have A Moral Responsibility When Buying Things?
On a smaller scale if you buy a certain product more of that product will get produced as a result, does that imprison other people or does it depend on the product? How do we know what products are moral to buy?
On a smaller scale if you buy a certain product more of that product will get produced as a result, does that imprison other people or does it depend on the product? How do we know what products are moral to buy?
I've never bought a yatch, so i can't tell you the truth, basically when i spend my moeny, gained whit my work whitout abusing people i'm not doing a wrong thing
So if you worked harder for your money does that give you more of a right to buy whatever you choose? just asking.
Like is someone is on benefits or has won the lottery (so haven't really "worked hard" for their money) do you think their money shouldn't have the same value as yours?
Im justing asking dont take offence or anything here
February 08, 2016, 08:26:16 AM
Basically.....Do You Have A Moral Responsibility When Buying Things?
On a smaller scale if you buy a certain product more of that product will get produced as a result, does that imprison other people or does it depend on the product? How do we know what products are moral to buy?
On a smaller scale if you buy a certain product more of that product will get produced as a result, does that imprison other people or does it depend on the product? How do we know what products are moral to buy?
I've never bought a yatch, so i can't tell you the truth, basically when i spend my moeny, gained whit my work whitout abusing people i'm not doing a wrong thing
February 08, 2016, 06:52:41 AM
...
WhatTheGox
Bigger problems? I can only offer opinions:
1) Creeping government (authoritarian) takeover of our liberties and money. .govs are broke and hungry. Worst risk IMO.
2) Risk of stupidly getting into more wars. It has taken me a long time to turn libertarian (from conservative).
3) Moral bankruptcy / societal disintegration. Wealth concentration and declining standards of behavior ignite equivalent of civil war.
4) "Black Swans" -- low-probability, unpredictable but heavy impact events like an EMP, mass terrorism, sudden economic collapse.
WhatTheGox
Bigger problems? I can only offer opinions:
1) Creeping government (authoritarian) takeover of our liberties and money. .govs are broke and hungry. Worst risk IMO.
2) Risk of stupidly getting into more wars. It has taken me a long time to turn libertarian (from conservative).
3) Moral bankruptcy / societal disintegration. Wealth concentration and declining standards of behavior ignite equivalent of civil war.
4) "Black Swans" -- low-probability, unpredictable but heavy impact events like an EMP, mass terrorism, sudden economic collapse.
Ok fair enough maybe some of those things are a bigger worry i guess it depends who you are.
Economy is a zero-sum game. So it definitely shows why Africans are poor.
In a zero sum game, for every gain, there is a equivalent loss.
Let's say my neighbor discovers a cure for cancer and ends up making $50 billion dollars as a result of his discovery.
Does the fact that he made $50 billion dollars make me and the rest of the world poorer?
The fact that he charges for the cancer cure does make the world more indebted to him vs if he gave the cure away for free or for cheap etc. Perhaps its a spectrum.
You make a good point though some things seem to actually add to our quality of life as humans and its very easy to see. Other things dont seem so obvious.
Does anyone find it a little bit messed up with all the knowledge we have in 2016 we cant house and feed the world though? and with almost no complications.
February 08, 2016, 05:01:59 AM
This is difficult question with good background.
I think it does not matter if this is Very expensive Yacht or just ordinary goods which almost everyone buying daily.
The main question would be, do I know how my decision will impact the others? Do I care about it?
I would start from personal responsibility of using money and goods I have.
I think it does not matter if this is Very expensive Yacht or just ordinary goods which almost everyone buying daily.
The main question would be, do I know how my decision will impact the others? Do I care about it?
I would start from personal responsibility of using money and goods I have.
February 08, 2016, 04:21:16 AM
If we don't buy products that will not help those who develops and improve the products they are selling which also leads to lay offs. So nothing to worry if you buy a product regardless of where they are from because you are helping those who makes a living by developing products and the labor industry.
That's bit a strange answer. So I can buy anything I want ju_st because it'll help the people who built it? What about the pros and cons?
And you're saying it helps them, but do they deserve it?
I mean Steve Jobs was a complet asshole and an idea stealer. Do I want to help him?
February 08, 2016, 03:56:34 AM
Economy is a zero-sum game. So it definitely shows why Africans are poor.
In a zero sum game, for every gain, there is a equivalent loss.
Let's say my neighbor discovers a cure for cancer and ends up making $50 billion dollars as a result of his discovery.
Does the fact that he made $50 billion dollars make me and the rest of the world poorer?
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