Distribution of Wealth for Sustainable Happiness

Distribution of Wealth for Sustainable Happiness

Sheakh Reyad Muhammad Noor, Zobaida Afroz, Ayesha Akter Mousumi
Copyright: © 2022 |Pages: 7
DOI: 10.4018/978-1-7998-8258-9.ch013
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Abstract

The richest one percent of the entire population of the world now owns more than half of the global wealth which shows global wealth is unequally distributed. Moreover, this is assumed that sustainable growth is impossible based on impossibility theorem. Considering the above, the study has been conducted and critically overviewed the wealth distribution of an ancient period based on Islamic rules and practice. Upon study, it has been found that people are very much self-centered and unaware of the broader perspective like searching happiness instead of immediate wealth maximization. The finding has also shown that right of inheritances, relatives, neighbors, society, and state should be defined clearly and need distribution of wealth based on definition. If we become more self-centered, we will find ourselves helpless. Here, wealth means knowledge and physical assets.
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Introduction

Every rich people are not happy as all like every poor are not unhappy. A news published in ABC news on March 18, 2021 where they mentioned that survey of “Joys and Dilemma of Wealth” done by Boston College. In the survey it is found that we assumed poor is very miserable but it turns out money doesn’t buy as much happiness as people think it would buy. Elizebeth Dunn, researcher said that money might not provide as much happiness as people want because people might not spend the money rightly. They also found that people get more happiness by spending money on others.

In the research, they are yet to provide any specific way for distribution of wealth for inclusive and sustainable development which has justified to write this chapter.

Objective of the Study

Study has been conducted for the following objectives:

  • i.

    Finding the appropriate ways of wealth distributions and reason of which.

  • ii.

    Finding the appropriate ways of wealth expenditure for happiness.

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Methodology Of The Study

In the study, in depth interview of 20 number of rich people have been taken based on open ended questions, law and practice of ancient period has been revalued of ancient period, story of some poor have been observed in depth and finally concluded that wealth distribution and expenditure guidelines given in holy books can be acceptable for all human considering the human welfare. Bulletin, Articles in Newspaper and journal have also reviewed, blogs and journals have been reviewed for the purpose of findings.

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