A Philanthropic Corporation

Discussion in 'Business & Economics' started by davidelkins, May 8, 2016.

  1. davidelkins Registered Senior Member

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    What if there were a corporation which took 49% of its yearly profit and subdivided that profit equally amongst the entire human population of Earth? Although the share for an individual might be only mere cents, would such a corporation ever be useful?
    Author: David Elkins
     
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  3. James R Just this guy, you know? Staff Member

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    What are your thoughts on that, David?
     
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  5. Billy T Use Sugar Cane Alcohol car Fuel Valued Senior Member

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    That corportation is effective selling its products and service at a 49% discount; but competors would not. They could grow to dominate the market, with less generosity to the public. The idea is DOA, unless the government grants monoply status to that corporation.
     
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  7. joepistole Deacon Blues Valued Senior Member

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    Well, we already have corporations that do similar things, they are called charitable organizations - otherwise known as nonprofit corporations. There are many of them. While they don't distribute earnings to every single individual on Earth, they do distribute wealth to the needy. And then there is the matter of scale, every dollar of earnings would need to be shared by more than 7 billion people, so you would need a lot of earnings to be able to distribute meaningful sums to every individual on the planet.

    If you want to distribute earnings to every individual on the the planet you need to ask yourself why and how. Giving earnings to everyone on the planet isn't an easy task in and of itself and probably of little value. What good is done of you give someone living in Russia a dollar only to have a corrupt official take it away from him? Corruption is a big problem for charities across the globe. Too often the aid given is not received by the poor or subsequently confiscated from the poor. And then there is the administration effort required, it boggles the mind.
     
    Last edited: May 9, 2016

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