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I have no problem with any person who was born into wealth and makes more - good on them - , and especially those who we born poor but worked hard for wealth. So long as a person does not accrue wealth at the detriment to others, then that's fine as far as I am concerned.
For me, there are two types of wealth generation; 'ethical' and 'unethical', and I differentiate them by a very, very simple factor; 'common accessibility'.
To define 'common accessibility' I will use the following example: Goldman Sachs has a direct (a nailed line I would say) data pipeline into the US Stock Exchange. This pipe allows them to place up to a million tiny incremental investments (bets) per minute. The algorithm and software looks for small trends in the markets and then makes small bets...millions and millions per day. They net in the region of US$100 Million dollars PER DAY!!! This is effectively skimming cream off the top of most global markets as markets trade using US dollars. I define THIS activity as Greed simply because the average person cannot, and is not, allowed to do the same. There is no 'common accessibility'.
That being said, we have friends who work very hard and are far beyond the status of comfortable. Over the years their [Australian based] companies have received millions of dollars from the Vic Gov (part of an employment related issue) just to keep their manufacturing companies in the state of Victoria; and these are just their small ones. They are quite charitable people (first hand knowledge), very nice and their companies keep many people employed, but the term 'common accessibility' can also be applied to their situation also. True?
I don't know any other people in the general public who receive the same. So does this mean they suffer from Greed addiction? Are they in the same boat as Goldman Sachs?
What rate do you think very wealthy people get from the bank when they loan big money? The term 'common accessibility' could apply there too. Defining Greed in order to apply it to a person or entity is almost an impossible task, ergo my 'common accessibility' concept is still very limited.
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