There is a common impression that the most important thing about having a lot of capital is that it provides you with the chance to aid the poor. I fully disagree with this statement and this essay will further explain with reasons and examples on the same.
Firstly, Most of the rich community see the opportunity of aiding poor as an opportunity to publicly market their goodwill rather than focus on the uplifting the public from poverty. Furthermore, In the current world, most of the donations are done for recognition. For example, During the pandemic, a well-known film actress had given away a lot of cash to poor people as it had led to a great surge in the number of her followers in social media platforms like TWITTER and FACEBOOK. Consequently, she acquired a lot of contracts from marketing companies to market their products. Thus, rich people donate wealth with a focus on being famous and thereby the actual aid received by the poor is almost negligible.
Secondly, Wealthy folk prefer to donate wealth to charities as this would give them indirect benefits. For Instance, In 2018, about ten thousand Indians have donated about 1 million rupees each to charities as these donations would give them tax benefits under Section 80G. However, this had led to a rise in fraudulent transactions in charities as these institutes wanted to take the money for themselves instead of helping the poor. Hence, being rich does not give you the chance to aid the poor.
To Conclude, being wealthy, does not give anyone the chance to help poor but it is a good character that makes any person pull humans from poverty. Thus, I disagree with the popular view as rich folk tend to look to non-monetary benefits like becoming famous or to reduce the tax payments when they donate money to poor.
There is a common impression that the most
important
thing about having
a lot of
capital is that it provides you with the chance to aid the
poor
. I
fully
disagree with this statement and this essay will
further
explain
with reasons and examples on the same.
Firstly
, Most of the
rich
community
see
the opportunity of aiding
poor
as an opportunity to
publicly
market their goodwill
rather
than focus on the uplifting the public from poverty.
Furthermore
, In the
current
world, most of the donations
are done
for recognition.
For example
, During the pandemic, a well-known film actress had
given
away
a lot of
cash to
poor
people
as it had led to a great surge in the number of her followers in social media platforms like TWITTER and FACEBOOK.
Consequently
, she acquired
a lot of
contracts from marketing
companies
to market their products.
Thus
,
rich
people
donate wealth with a focus on being
famous
and thereby the actual aid received by the
poor
is almost negligible.
Secondly
, Wealthy folk prefer to donate wealth to charities as this would
give
them indirect benefits.
For Instance
, In 2018, about ten thousand Indians have donated about 1 million rupees each to charities as these donations would
give
them tax benefits under Section 80G.
However
, this had led to a rise in fraudulent transactions in charities as these institutes wanted to take the money for themselves
instead
of helping the
poor
.
Hence
, being
rich
does not
give
you the chance to aid the poor.
To Conclude
, being wealthy, does not
give
anyone the chance to
help
poor
but
it is a
good
character that
makes
any person pull humans from poverty.
Thus
, I disagree with the popular view as
rich
folk tend to look to non-monetary benefits like becoming
famous
or to
reduce
the tax payments when they donate money to
poor
.