Home Foreign HOW RICH PEOPLE ABROAD BEHAVE PROMOTING PHILANTHROPY: THE GIVING PLEDGE AS A...

HOW RICH PEOPLE ABROAD BEHAVE PROMOTING PHILANTHROPY: THE GIVING PLEDGE AS A WORTHY EXAMPLE

830
0
SHARE

Spread the love

HOW RICH PEOPLE ABROAD BEHAVE PROMOTING PHILANTHROPY: THE GIVING PLEDGE AS A WORTHY EXAMPLE As the saying goes: Fingers are not equal All over the world, there is a grossly unequal gap between the rich and the poor. Inequality poses a great danger to mankind. According to a UNDP Report titled: ‘Humanity Divided,’ (2014) the richest one per cent of the world population now owns about 40 per cent of the world’s assets, while the bottom half owns not more than one percent! The report states clearly that Confronting inequality in developing countries shows that if left unchecked, inequality can undermine the very foundations of development and social and domestic peace. Just as there are poor people here, there are also poor and homeless people on the streets of the First World. sThe only difference is obviously the intensity of poverty and how this problem staring humanity in the face is addressed by different societies. One of the goals of TERRIFIC HEADLINES is to contribute to national soul-searching, given the expectations of the populace from government, create platforms for exchange of ideas and opinions, and also promote those issues that are considered ideal for the development processes. 1.2 billion people continue to live on under US$1.25 dollars a day. It has been established that inequalities in income and wealth are often compounded by inequalities in access to power, and disparities in health and education. Wherever poverty is to be combated effectively, there must be cooperation between the Government and institutions, particularly private sector operators. There must be redistribution of income by way of philanthropy, particularly by the private sector. For instance, the Tata group, the largest Indian conglomerate which accounts for 3.2% of India’s GDP, devotes two-thirds of its profits every year to philanthropy. World leaders are not unaware of challenges posed by pervasive extreme poverty. United Nations celebrated its seventieth anniversary with the approval of its 17 Sustainable Development Goals with 169 associated targets, that are integrated. Heads of Government noted, among other Resolutions, that they were Meeting at a time of immense challenges to sustainable development. Billions of our citizens continue to live in poverty and are denied a life of dignity. There are rising inequalities within and among countries. There are enormous disparities of opportunity, wealth and power. Gender inequality remains a key challenge. Unemployment, particularly youth unemployment, is a major concern. Global health threats, more frequent…

This content is for Monthly Paid Subscribers , Yearly Paid Subscribers, and Daily Paid Subscribers members only.
Login Join Now