In today's society there are multiple levels of wealth; the upper class, the middle class and the lower class. Each of these classes spends different amounts of money and the argument is that the upper class spends too much money on luxury goods and these people are immoral and sustainable. My opinion on this issue is that people should be able to spend money on what they want because they have worked for it, however I believe they should also help the less wealthy. The party I was arguing with disagreed with the motion that the extreme wealth that exists in modern times is immoral and unsustainable. I agree with this motion because, while I believe that you should be able to spend your money however you want, I also think that rich people spend incredible amounts on things that they simply don't need and that money could be invested in a very best to use. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an original essay One of the most convincing rebuttals that our team used during the debate was that the rich should be able to spend as much money as they want in the end, some of the money will go to the needy due to trickle-down economics . Trickle down economics is the concept of spending money on things and that money will get to the people who need it most. For example, one of the arguments used by the other group was that people spend too much money on unnecessary items and used the example of the most expensive pizza in the world which costs $2700, however, the government taxes the restaurant and a part some money goes to employees. The money that goes to the government is then used for multiple things like paving roads and paying people and some of it goes to the people who need it. A local example of an individual who has used trickle-down economics to spread his wealth is Bill Gates. He is the owner of Microsoft, a PC software company. Bill Gates is also one of the world's biggest philanthropists and has spent around $34 billion according to the Wikipedia page on Bill Gates. He used the concept of a trickle-down economy to spread his wealth and give away his money. The government allowed economic freedom and with that Bill Gates had the freedom to spend his money on what he wanted, which, therefore, gave other people a stepping stone into social mobility. Bill Gates has spent his money on many things, however he donates and uses that money to create foundations like the Bill & Melinda foundation that help people in poverty. The point we are trying to convey with this example is that giving people economic freedom will encourage them to spend money, which will provide a stepping stone to social mobility. This argument was compelling because, in addition to providing facts, it also contained the life story of someone who could connect with people on a personal level. It also shows that Bill Gates had the choice to spend his money on unnecessary luxuries, but he chose to help people. While this is a valid argument, it can be contested that not all billionaires or multimillionaires are like Bill Gates and donate large amounts of money. to charities or just to help society in general. There are many who even try to avoid taxes by using offshore accounts so that they can keep more of their money and thus immoralize these wealthy people who spend money on ridiculous things. The opposing team had many effective rebuttals, however, one that I found particularly difficult to counter was that rich people spend millions of dollars onwhich they don't really need. They buy things that make them seem rich and superior, but they don't really need them. Instead, that money could be used in much better ways, for example to support children and families in poverty around the world. They argued that the people spending this money are immoral and that the level of spending is unsustainable and produces a lot of waste. A global example of this is how billionaires and millionaires spend money on toys or luxury goods such as cars, yachts, jets and many other useless things. The money spent on these luxuries could be put to much better use. For example, in 10 years Lamborghini sold around 21,500 Lamborghinis and in total it would cost 4,300,000,000 dollars, for that sum someone could build 224,352 schools in Africa. As seen in the example, money spent on these luxuries compared to what it could buy gives you perspective on what is actually being spent and wasted. The argument made was exceptional as it was a statistical argument that clearly compares and shows how this money could be better spent. This is also an emotional topic that allows you to imagine exactly how much money is and what it can buy. It makes you feel guilty because it shows how you could have helped the less fortunate. While the argument is very valid, it can be disputed that people earned that money fairly and therefore should be able to spend it on whatever they want. There are many examples of people who have gone from rags to riches and had to work very hard and deserve their money and for them not to be rewarded for their hard work by getting something special is stupid. However, the amount of money rich people spend on luxury goods is a bit absurd and could be put to better use. My opinion comes from both ethical, religious and ideological perspectives and therefore I believe that people should be able to spend their money on anything. they want. They should have economic freedom and preventing or making it immoral to spend money on treatment is irrational because, if you worked hard for that money, you should have it. Imagine that you work hard and with that hard work you have earned a lot of money, with taxes already some of it is gone and so you have to pay the bills. You have a certain amount left over and if the argument is that it's immoral to spend it on something nice or expensive so I can treat myself to it, I don't believe it. However, I also think that people should use their money to help people and society, the rich should give more and donate more money to charities and foundations that help the less rich grow. This comes from a religious perspective as I am Muslim, it is an important part of the religion to donate some of your earnings to the mosque so they can help those in need. In the future, I am convinced that poverty will decrease and the state of life will be much better for everyone, however, the steps to get to that state are long and complicated. There is no one answer and not all countries can do it the same way as each country has a different problem with the country. Please note: this is just an example. Get a custom paper from our expert writers now. Get a Custom Essay I believe that every country has the resources it needs to lift its population out of poverty, it just needs to use its resources efficiently and there needs to be less corruption. If a strong education system is implemented that teaches people the skills and qualities needed for local businesses and enterprises, the economy grows, which could help people get out of poverty. As the director of the Poverty Action Lab Esther Duflo stated “Poverty is coming out,.