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Rick Singh
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[Poll] Answer to the worlds problems
September 30, 2007 - 01:30 PM
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I think we are at a watershed point in the history of the world. We are a point where the corporate world is making hundreds of billions of dollars in profit worldwide and that money is being kept in bank accounts or being enjoyed by a select few through bonuses and out of this world salaries. I think if those hundreds of billions of dollars went back into our communities just think of the difference that can be made. All the worlds problems can be fixed but the problem is capital to start projects and programs that capital can be derived from corporate profits. The way to go about this is to set up a company that would give 50% of its profits back into the community. Currently there is no company that is making money who would willingly give up 50% of their profits to the communities now they only give token amounts. The retail sector is a great starting point for a company like this because it is direct consumer spending and people can choose where they want to spend their money and knowing that the company will give back 50% of the profits back into the community overwhelmingly they will choose the new brand of business.
I am looking to raise awareness in the world population about this idea and I think with a platform like takingitglobal and the membership we can get this idea off the ground I addition to raising awareness I would like to see real changes by actually setting up a home furnishings company that would give back 50% of its profits back into the community. I will give more details later right now I am looking for support for this idea please take the poll and answer the question. If this became a worldwide practice the world would be more developed in every aspect.
Do you see the potential of this idea and support it.
No.
(9 votes for 50%)
Yes
(9 votes for 50%)
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Scott Thorpe
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Re: [Poll] Answer to the worlds problems
October 7, 2007 - 03:12 AM
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I voted no. I think the idea needs more thought. I want to see where our communities are needing help and then focus on the reason why they need help. Sometimes it isn't just money. And just taking 50% of a corporations profit doesn't seem very natural. I believe in mimicking symbiotic relationships. So both can prosper.
--Scott
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vas
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Re: [Poll] Answer to the worlds problems
October 7, 2007 - 07:50 AM
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Hamdard is a company based in India that manufactures Unani medicies.Its formulations are very popular in Indian sub continent esp in the segment of energy drinks. It donates 80% of its profits for the upliftmnet of poors.for details check hamdard.com.it has been doing it since early 19th century.
There there is Tata Group in India whose motto is giving back to the socitey and from 18th century it has been developing townships in India.One of the group company Tata Steel recently acquired corus steel.At the Tata Group our purpose is to improve the quality of life of the communities that it serves.
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Alex
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Re: [Poll] Answer to the worlds problems
October 7, 2007 - 09:29 PM
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I feel you lack a fundamental understanding of Capitalism and how corporations work. Confiscating 50% of the profits from a company doesn't result in a lot of economic growth.
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Pozinurnegholes
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Re: [Poll] Answer to the worlds problems
October 7, 2007 - 09:34 PM
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CapitalistPig wrote:
I feel you lack a fundamental understanding of Capitalism and how corporations work. Confiscating 50% of the profits from a company doesn't result in a lot of economic growth.I heard the way to true economic growth is through the redistribution of wealth.
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Ezzie
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Re: [Poll] Answer to the worlds problems
October 24, 2007 - 04:10 PM
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I voted no too. I personally am of the belief that the poverty of 3rd world contries cannot be eradicated by aid alone. Even if money was provided, the poor in spirit would only ask for more. I believe that the way forward is capitalism. People in the 3rd world should be helped to set up businesses to fill in voids in the market and earn a sustainable income for themselves. You can give a man a fish and feed him for a day. Teach him to fish and you feed him for life.
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jean celeste paredes
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Re: [Poll] Answer to the worlds problems
October 24, 2007 - 05:20 PM
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i agree with you..
i belong to the one of the developing countries of the world..actually, there are a lot of contentions about aid...but like you..its about teaching the people to be sustainable and can stand on their own..it would make the matter worse if we will grow dependent on aid...we need to stand on our own too..but how to do that it basically the problem..*sad reality*
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Denise Martins
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Re: [Poll] Answer to the worlds problems
October 27, 2007 - 08:44 PM
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Enough conflicts have been caused by capitalism in developing countries: exploitation, inflation, etc. These can be reversed through financial support. I'm not saying this would be easily achieved but it's definitely attainable. If the money's there, what's stopping us from using it?
jetpop85 wrote:
People in the 3rd world should be helped to set up businesses to fill in voids in the market and earn a sustainable income for themselves. You can give a man a fish and feed him for a day. Teach him to fish and you feed him for life.
I vote yes  ...there's a big difference between a fish and a fishing boat.
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Scott Thorpe
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Re: [Poll] Answer to the worlds problems
October 28, 2007 - 12:35 AM
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denisey wrote:
Enough conflicts have been caused by capitalism in developing countries: exploitation, inflation, etc. These can be reversed through financial support. I'm not saying this would be easily achieved but it's definitely attainable. If the money's there, what's stopping us from using it?
I vote yes *...there's a big difference between a fish and a fishing boat.
What, "conflicts" are you talking about? What developing countries are experiencing exploitation? What kind of inflation are you talking about?
I have a lot of money. What is the first step I take with this money to help others?
I don't understand your fishing boat analogy. At first glance it looks like you don't want others to learn how to make a lot of money. But I don't think that is what you mean. Can you explain further?
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Scott Thorpe
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Re: [Poll] Answer to the worlds problems
October 28, 2007 - 12:52 AM
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hedz wrote:
i agree with you..
i belong to the one of the developing countries of the world..actually, there are a lot of contentions about aid...but like you..its about teaching the people to be sustainable and can stand on their own..it would make the matter worse if we will grow dependent on aid...we need to stand on our own too..but how to do that it basically the problem..*sad reality*
Hang in there! Currently we are not the best examples of capitalism or democracy. Our country was founded on facts, NOT religion. We found enlightenment and sadly lost it. I like to believe we are ready for a change.
Come visit America. You can learn a lot from our mistakes.
Plus, we love learning about other countries and their people. New York or San Francisco.
Have you studied economy yet?
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Scott Thorpe
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Re: [Poll] Answer to the worlds problems
October 28, 2007 - 01:19 AM
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Superaids wrote:
CapitalistPig wrote:
I feel you lack a fundamental understanding of Capitalism and how corporations work. Confiscating 50% of the profits from a company doesn't result in a lot of economic growth.I heard the way to true economic growth is through the redistribution of wealth.
I don't believe in that.
I think its competition and innovation that makes us all rich. The very nature of redistribution sounds scary to me. I like to believe i'm entitled to what I've earned.
--Scott
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Rick Singh
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Re: [Poll] Answer to the worlds problems
October 28, 2007 - 03:32 PM
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The idea is to redirect those corporate profits into social programs, research for diseases I think we are missing the potential of this idea. The corporate profits will just sit there in the bank accounts until the company finds reason to spend the money I am talking about spending 50% of that money to better society. To the people who voted no this idea will not stagnate economic growth but rather acclerate economic growth the simple example is that the money could give somebody a fishing boat so he can fish for a living. Right now the profits being made pay for porsches and ferraris and yachts.
I hope more people talk about this idea to raise awareness and then hopefully
we can change the way things work
and get real results. Its a long upward climb from here. For those people who support this idea I would ask them to get more people interested about this idea and maybe we can start a project on taking it global and see where we go from there.
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Scott Thorpe
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Re: [Poll] Answer to the worlds problems
October 28, 2007 - 06:02 PM
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rsng20 wrote:
The idea is to redirect those corporate profits into social programs, research for diseases I think we are missing the potential of this idea. The corporate profits will just sit there in the bank accounts until the company finds reason to spend the money I am talking about spending 50% of that money to better society. To the people who voted no this idea will not stagnate economic growth but rather acclerate economic growth the simple example is that the money could give somebody a fishing boat so he can fish for a living. Right now the profits being made pay for porsches and ferraris and yachts.
I hope more people talk about this idea to raise awareness and then hopefully*
I'm sorry but you are talking in generalities. Would you mind using facts and examples. Facts have a way of strengthening an argument. I am very interested in new ideas. However you haven't presented any.
Can you explain the following?
1. "The idea is to redirect those corporate profits into social programs." What social programs are you thinking of? Who regulates these?
2."research for diseases I think we are missing the potential of this idea." Hrm,....research diseases. Like what diseases? Are diseases the biggest threat to mankind right now? (I don't think so)
3."The corporate profits will just sit there in the bank accounts." I don't understand this statement. What corporations are you thinking of? Large corporations? Well those corporations have stock holders that are not interested in socialist ideas. Maybe you could think of something that would benefit the corporation as well as others?
4. "To the people who voted no this idea will not stagnate economic growth but rather acclerate economic growth the simple example is that the money could give somebody a fishing boat so he can fish for a living." Okay, so this isn't an example, its an analogy. And I still don't understand WHAT will accelerate economic growth. I need a REAL example.
I want you to know that I am genuinely and honestly interested in improving everyone's wellbeing. So lets get creative, think of some real new ideas.
Thanks.
--Scott
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Scott Thorpe
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Re: [Poll] Answer to the worlds problems
October 28, 2007 - 06:15 PM
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rsng20 wrote:
I think we are at a watershed point in the history of the world. We are a point where the corporate world is making hundreds of billions of dollars in profit worldwide and that money is being kept in bank accounts or being enjoyed by a select few through bonuses and out of this world salaries. I think if those hundreds of billions of dollars went back into our communities just think of the difference that can be made. All the worlds problems can be fixed but the problem is capital to start projects and programs that capital can be derived from corporate profits. The way to go about this is to set up a company that would give 50% of its profits back into the community. Currently there is no company that is making money who would willingly give up 50% of their profits to the communities now they only give token amounts. The retail sector is a great starting point for a company like this because it is direct consumer spending and people can choose where they want to spend their money and knowing that the company will give back 50% of the profits back into the community overwhelmingly they will choose the new brand of business.
I am looking to raise awareness in the world population about this idea and I think with a platform like takingitglobal and the membership we can get this idea off the ground I addition to raising awareness I would like to see real changes by actually setting up a home furnishings company that would give back 50% of its profits back into the community. I will give more details later right now I am looking for support for this idea please take the poll and answer the question. If this became a worldwide practice the world would be more developed in every aspect.
Have you read about microloans? Microloans do what I think you are saying here.
REF:
http://en.wikipedia.org/wiki/Microcredit
--Scott
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