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Wednesday, October 24, 2018

What will happen if we take all of Ambani's wealth and give it to poor Indians?

What will happen if we take all of Ambani's wealth and give it to poor Indians?
There would be no change in the condition of the poor man.
Let us see how…
Mukesh Ambani's total wealth =$42billion.
Anil Ambani's total wealth=$2 billion.
Total wealth of (Mukesh Ambani+Anil Ambani) = approx. $44 billion.
Let us take only BPL card holder as poor man.
Total number of people below poverty line = 270 million.
$44 billion / 270 million = approx $163 per person.
So, each one will get nearly $163 ,which is roughly equal to Rs. 12,700 (assuming $1 = Rs. 78).
If the total wealth of Ambani’s is distributed among BPL card holders then nearly Rs. 13,000 can be given to everyone. So what will happen to this money by giving to anyone most importantly?
They will squander this money very soon and again will become poor.
Distributing money directly to the people will not solve the problem of poverty and unemployment. Rather, investing money to generate employment will eradicate poverty.
There is a proverb in China as follows:
If you give fish to a man you feed him for a day,but if you teach him how to fish you feed him life time.”

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