Valiant_Soul
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"I am talking about using a small percentage of wealth that these people have to do the needful to the needy"
Charity - definition -- Provision of help or relief to the poor;
Dude, you are talking about charity.
What do you call a process that begins with charity and ends in job creation? I am talking about that, and I do not have a term for that.
Also, since you seem unaware, these rich elites contribute a lot to charity. But even then we require two more things: first more rich people need to contribute and second they should try and convert the act of charity into a systematic and organised process that would eventually help the poverty stricken to uplift themselves in various ways - through job, business, self-employment, etc.
And just to note, if you cannot argue in a decent, civilized manner and have indulge in lame remarks to prove your point, then I guess I'm out of this thread. Enjoy!
Okay, since you consider others so foolish to not understand cliche type of points, I think you need to take a break. Do not come telling me that I do not know what common sense socio-economic process is. It is schoolish to always rely on theoretical concepts, and that is why that comment.
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