Capitalism results in wealth-inequality

Capitalism results in drastic wealth-inequality. It allows for CEOs such as Jeff Bezos to earn over four million dollars an hour, while his lowest-paid employees are earning eight to twelve dollars an hour.^[1] The wealth of the richest 1% of the population is equal to the wealth of the entire other 99% combined. ^[2] This is morally wrong and the wealth should be redistributed. One billion dollars is more money than a single person could ever spend within their lifetime, and there is no justification for why one person should be allowed to hoard so much wealth while others are living in poverty. Capitalism limits the ability of the federal government to intervene and redistribute this wealth among the population to remedy widespread poverty and homelessness. Although billionaires do make generous contributions to charities each year, they often donate a minuscule percentage of their total wealth. For example, in 2018, Amazon CEO, Jeff Bezos, donated 0.1% of his wealth, while Facebook CEO, Mark Zuckerberg, donated 0.4% of his total wealth.^[3] A billionaire could sacrifice the majority of their wealth and still have enough to live comfortably for the remainder of their life, which is why government intervention and redistribution should be allowed. Without this assistance, the rich get richer and the poor get poorer.

[P1] The richest in society have more money than they could ever need. [P2] Other people in the same society are homeless, hungry, and/or living in poverty. [P3] This wealth-inequality is wrong, and we should redistribute this wealth to help others.