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Reply #4 markwu's post
The rich becomes so due to their "ability" to generate surpluses via productivity gains.|
That productivity gain, results in (1) Jobs which pay standard quality of living in the district that they are operating, while (2) Generating a surplus for himselve even as he is providing (3) Products to consumer and traders to profit.
ie. The Rich are conduits for productivity gains, innovation and creativity.
Some of the Rich benefits by understanding the economic structure, cost and politics. They gain by actively finding an arbitrage. Such ability requires detail knowledge, observation, listening skills that only a "good education" or "guidance by good teachers" would provide.
Other Rich gains by "delaying consumption", using his hard earned saving to gain "multiple income" via the increasing large ways of "income generating" avenues, such as rental income, capital gains of property or financial assets, or just profit sharing in companies of joint stock, joint venture etc.
The profit gained by the rich has no "morality involved" most of the time. (except maybe some bandit business of stealing, cheating others!)
Generally speaking, when a person becomes "well off", he begins to "dressed better", "eat better" and normally will be more comfortable helping aquantances or blood relatives example helping others in his family or with familial ties get ahead!
This is called Charity!