Key Concepts

1. Greater wealth distribution for an ever-increasing population can really be possible only if wealth is being continuously created. Treating land and the finite pool of mineral resources and water, as the only form of wealth is engaging in a Zero-sum game with decreasing per capita ‘share value’ and in which an increase in one person’s shares means an equal decrease in the share of others as such resources are limited.
2. New and greater wealth creation can come out of ideas, of value addition through sustainable ways of generating energy, and frugal ways of using all resources, applying the innovative ideas, and the efforts of many entrepreneurs who are willing and able to work on such ideas. This greater quantum of ‘New Wealth’ would then become available for more equitable distribution, to the ever-growing population. (See – ‘Wealth, Market Economics and Entrepreneurship – the Case for).
3. The way out of poverty is to get the poor to view themselves as producers, as contributors to the Nation’s wealth. The Internet, with its capacity to connect people even to the global community, enabling direct interaction to inform oneself or meet the demands therefrom without the need for roads, ports etc., and without having to deal with the logjam of officialdom, its rules, laws, duties, claims etc., is the most effective way to do so. Hence, the need to make smart phones cheaper and the digital networks better. (See-”Pricing & Taxation – for Fuels & other Enablers.”)
4. Land and other tangible resources, as a measure of wealth and as a means for security, can be replaced by shareholding (equity) in ventures which now becomes the ‘New Land’, a more effective, convenient and fungible measure of wealth and security and regular income.

“Agricultural land will continue to be less and less important as an economic asset, relative to the total value of all other economic assets” – Julian Simon.

5. Equity in wealth distribution does not mean equal wealth in all people’s hands. As John D. Rockefeller, the world’s first self-made Dollar Billionaire, once said “Even if at dawn on a particular day all people woke up to such equal distribution of wealth, by dusk many would have negotiated themselves into millionaires and paupers:
Equity in wealth distribution does not mean equal wealth in all people’s hands.

Therefore, what should be sought to be ensured for all is equal opportunity to better his/her present circumstances. Whether this is happening or not can be determined by the turnover of the specific people or entities. In each segment, especially in the top 100 or top one percent. (See-”Equality for All or All are Equal?”).

6. he distribution of wealth is perceived as inequitable if it is perceived that the rich are growing richer faster than the poor are. This is wrongly blamed on globalization. While the reality is that everyone is growing richer, but perhaps the rich faster than the poor, because the growing wealth is from the design and services sector in which the poor and the farmers are not participating. Indeed, they are not even standing in the queue to receive such benefits as they do not understand such wealth and its growth.
7. Equality and Equalness – Pareto’s Law dictates that 20 percent of the people get 80 percent of the benefits or talents, accomplishments and so on. This law is Nature’s Law and applies across the many aspects of Nature, it is not changeable. Hence, we will always find that the top ONE percent enjoys over 50 percent of the wealth and we should not cry about it, as long there is a churn and change at every level and, the same people or organizations do not continue the one percent or at any other percent, level eternally and, everyone has an opportunity to improve his own level of wealth by working to attain to higher levels by themselves 30 years ago, 50 percent of the 100 richest people or Corporations today, did not exist or the list.
   …Equality of opportunity… should be ensured for all. Equalness is not a realistic option.

   Everyone can strive to attain better levels. This is Equality of opportunity, which can be something to aim for and which should be ensured for all. Equalness is not a realistic option. After all Dhirubhai Ambani did rise from being a Gas station attendant to being the richest person in India by his own efforts and similarly, did the industrialists in Pharma and I.T. Sectors become multi-billionaires.

8. The distribution of wealth as inequitable is wrongly so perceived. However, not everyone gets the opportunity to get to even the first step of the ladder to be able to climb to better themselves. It should therefore be our effort to get those left out, to also, join in the growth of such wealth by making them equity shareholders in the share market, through properly set-up and regulated Financial Institutions (Fl’s) and Mutual Funds (MF’s), so that they too can have the opportunity to share in such wealth and grow. They however, do need a head start / a handicap.

Of course, we also, need to ask ourselves as to why is it that each of us seeks equalness with those above us and not with those below us?

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