So many people are interested in amassing wealth without giving a dime to the less privilege around them, yet they will still be among the first to criticize the government in its failure to eradicate hunger and poverty in the country. You should also know that the duty of eradicating poverty must not be left to the government alone. You must also contribute your quota.
If you have worked to be wealthy or lucky to be one, you should see it as a social responsibility to help the less privileged people in the society. If I may ask, do you feel comfortable driving past several beggars on the street when you have billions of money in your account that you or your entire family may not be able to exhaust in the next 100 years?
Think about this seriously. With the so much money in the world, poverty can greatly be reduced if not totally eradicated.
All that is necessary is the distribution of this wealth.
There is enough to go round.
Note:
You must not necessarily give physical cash or money directly in order to help the poor or the less privileged. You can set up an empowerment scheme where they could be empowered or work to earn a living for themselves. It is like teaching them how to fish instead of offering them the fish directly to eat. I guess it is best that way.
Hope the world was that simple to live in. There is a technical error with what you propose. 90% of the total value in the world is intangible. The father of entire capital Market is
DEBT. The world owes so much of debt that we can never repay it.
m/2018/07/11/global-debt-hits-a-new-record-at-247-trillion.html]https://www.c[Suspicious link removed]m/2018/07/11/global-debt-hits-a-new-record-at-247-trillion.html.
The entire valuation premise is Debt fuelled where the valuations of stock, land and gold are inflated because we have raised debt to appreciate its value. If all the equity in the world was sold at the same time, even all the wealth in the world would not be able to buy it.
The entire concept of money market is very philosophical and confusing at the same time. You would need a very clear understanding of how an economy works to know why poverty can never be eradicated. We can reduce it to a very miniscule population but it will creep back once the economic cycle goes down. You can delay the slowdown of growth using stimulus but then again you are using money (DEBT) that you cannot payback. One very faulty assumption that I come across is that education can lead to poverty alleviation but that is not the case.
But again, all of those concepts are from a Macroeconomic point of view.