Is the rich more ethical than the poor?

is the rich more ethical?

Should you throw your ethics out of the window?

There are many studies that show how income levels are influenced by ethical behavior.  

  1. Can you become wealthy by overlooking ethics?
  2. Does your ethical behavior limit your earning potential? 

Those are some great questions about ethics.  Some people argue that it should not matter whether a person is rich or not.

However, reality shows that a good moral character is not a guarantee of wealth. Ethics are a matter of character however, ethics can affect many factors in life. I will address how each of the above questions have an influence on our attitude toward abundance.

Are rich people rich because they overlook ethics?

Most people believe this statement is true.  I believe all people have a responsibility to live ethically while at the same time I recognize that some people have taken advantage of others to get ahead.

It is more complicated than simply disregarding ethical decisions. I do not believe the rich make conscious decisions to disregard ethics.   But I do believe ethical behavior sometimes contrast with gaining wealth.

Ethics are a matter of personal choice.  The rich can not be singled out for making poor ethical decisions however, rich people are believed to view ethics differently than the majority of society.

  • Does that make them unethical?  Ethics are interpreted differently by all.
  • Are the rich using their different interpretation of ethics to strength their case?
  • Is the societal definition of ethics the standard for everyone?
  • Does everyone have to abide by the same standard even though it maybe wrong?
  • Who decides if you have more than someone else you obtained your wealth unethically?
  • Should a rich person give up their wealth in order to stay ethical?
  • Does giving up wealth make you more moral?
  • Is it possible to obtain wealth ethically?

Acting unethically is no more of a guarantee of wealth than having a good moral character.  If someone disregards ethics they should not expect more abundance.  Most of the time the opposite happens.

You will reap what you sow.

That brings me to this cliché, “treat others how you want to be treated”.

Is your earning potential limited by your ethical behavior?

As I much as I would like to believe this is not happening,  It boils down to what you see as ethical.  Certain jobs have inherit ethics violations in their operations.

Divorce lawyers

A divorce lawyer is paid to do what both parties normally want, an equitable and fair divorce, but what happens when the divorce lawyer goes rogue and takes everything from one party or he/she starts having a romantic relationship with one of them?

I would never say divorce itself is immoral because I have been through one, but I have seen and heard of people’s lives being ruined by a divorce lawyer because the lawyer used the law in his favor.

Most divorce lawyer’s income are based on what they can get for their client.  The more assets he/she wins drives their income potential sky-high.

Realtor

A Realtor can be your best friend or your worst enemy.  I have had the opportunity to buy houses and sell houses, so I have seen both sides of the operation.

A Realtor’s job is to get as much money for their client and at the same time to get the potential buyer to pay as much as possible for the house.

You can guess what happens when the Realtor increase the price of a house; their commission rises.  Sure there are some ethical Realtors however, it is best for the buyer to assume the worst.

Drug Representatives

If you are a drug representative I apologize in advance, but the I am letting the public decide if your practice is ethical or not.  I am not going to bash anyone in particular.

I worked as a Medical Assistant for over 8 years.  I saw many drug representatives visit the doctor to tell him/her on the “new changes” of their new drug.

The doctors were obviously busy, but the drug representatives needed to make their pitch to the doctor.

Sometimes the doctor would see them for a moment, but most times; time-constraints did not permit a meeting.

The drug representatives did not want to be out done by their competitors, so they used creativity to win the doctor’s influence in other ways.

This is where it bordered ethical behavior or sound business practices.  You decide.

The drug representatives arranged a catered lunch for the doctor’s staff and the doctor himself.  Although the representative knew the doctor was busy, he/she also knew the doctor had to eat, so when the doctor came to eat the drug representative would deliver his/her pitch.

I was part of that staff so I must admit it was nice to have lunch catered, but that does not mean I did not question the ethics.

I also have heard of instances where doctors received sports tickets, ballet tickets, car washes, etc.  I do not have any proof of this behavior however, I have no reason to doubt its validity.

It is common practice for drug representatives to leave samples of their drugs.  I must admit this practice is helpful because it saves me from buying the drug immediately.

It has been a long time since I worked in this field.  The government may have cleaned up some of this practice however, The drug manufacturers are still getting creative.

How do you feel?  Would you accept free samples knowing they are designed to get you to use the drug?

Do you think this practice is outrageously unethical?  Do you agree with this practice?

Do you think drug manufacturers should be allowed to win a doctor’s influence?

This goes without saying that drug representatives make more when they sell more of their products.

Are they just salesman?  Do you fault them or the doctors for allowing this practice?

I have seen more questionable ethics practices and I am sure you have as well, but maybe I will share them in another article.

If you do not agree with anything I have said here, let me know.

What are your opinions about wealth and ethics?