Had this thought this week while traveling on business.
You know this whole “1% vs 99%” topic and “income inequality” and “raise the minimum wage” debate – well I saw this quote from Pope Francis in Time Magazine, February 3 edition: “I ask you to ensure that humanity is served by wealth and not ruled by it.” That gave me the idea to leave a $5 or $10 dollar tip on the morning I check out of the hotel. I tip when I’m out at a restaurant or in a bar while on business travel. The servers are making a comparatively low hourly wage as are the housekeeping staff at the hotel. Maybe some of you already do this, I know that I may have done so only once or twice ever.
So then I thought, what if a lot of us who fit this description: work full time, travel occasionally for business or pleasure with some discretionary income (eg, kids out of college and on their own), did the same thing. Rather than having the government engage in forced redistribution of wealth, citizens would be helping citizens for the betterment of society and the economy. Lower wage earners would have additional income with which could help them buy additional food, goods, services, thereby improving the economy.
I believe it has a spiritual impact (it’s better to give than to receive). Am I naïve? Do you think this has merit economically or would it be a drop in the ocean and have no or minimal economic impact?