Saturday, July 7, 2007
Wealth Smealth ...
To say one is wealthy implies what? Does this mean that the said individual is having great monetary wealth and all the nauseating material bliss the follows with the average definition of wealth? Wealth is defined as wealth = income - expenses. One of the wealthiest people in the world, William H. Gates III (aka. Bill Gates) was estimated to be worth around $56 billion in early 2007. 10% of that works out to be around $5 billion. Now, imagine what might happen if the 10 richest people in the world spent %10 of their wealth on critical world issues. You know the AIDS crisis, malnutrition in under-developed countries, global warming, etc, etc ...
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