Bitcoin Forum

why is the years that the rich get richer and the poor become poorer and more oppressed?
What do you think should be done to keep this economic gap from continuing?

I think the thing that need to be changed is our mindset.
Yes, mostly the rich guys comes from rich family. But, we can see Alibaba or other inspired peoples, there are a great effort from them to reached their success.
keep holding yours and continue the effort.

I guess joining crypto will minimize the situation. Why? Cryptocurrency could be community based projects in a form of ICO (Initial Coin Offering). This is opposite to capitalist form where an individual with lot of money invest in a certain project with his own money. Of course the profit will be going to the capitalist only since he is the one who made the project possible. And this is opposite to ICO where in all of the members who are investing in the project will earn together. So i guess promoting a project implementing it will minimize this capitalist people to monopolize the business sectors and it is also time for the poor to get profit in the process of implementing the project.

This is normal because the rich have a huge source of resources to be use as capital for entrepreneur, businesses and investments unlike the poor in which they need to borrow the amount that will be needed for a certain investment in which if the investments will failed it will become a big problem because they loss the resources and they will need to pay the borrowed amount. I think there is no solution on this problem because this problem is already in history.

Life is unfair and so is the people in it. I usually use to think that everyone and wealth distribution should be equal but I have come to realize that such things don't happen. But at least, the gap between the rich and the poor shouldn't  be too much. If people could learn to look out for each other and help people who they are  higher than then probably the world  would have been a better place.

Well that's a quote from the history books I read back in the school , glad to remember it.

Well that's just because education is what I think..
Poor's are not being able to afford a good education neither the environment is being provided to their offsprings , they often think that more kids means more hands to work and willing in developing countries they don't send them to schools and stuff when every system is present there .

The person to person counselling needs to be done and the good thing is anyone can do this literally anyone !
But people are not willing to.

A good educated individual would be able to provide a stable income for the family as compared to physical labour.

Accumulation of wealth. It almost always happen in any society, especially in capitalist countries. Even China is just communist by name now. I believe this is one reason for the inheritance tax.

The only consolation for people is that in most democratic countries, it is possible to climb up the socioeconomic ladder, even if not within the same generation. Wealth sometimes take a bit to accumulate, some are just better at it (and got a headstart) than others.

First of all poor people are not getting poorer. At least is you are not talking about 3rd world countries. The gap is getting bigger because the capital and its wise usage is awarding money. If you take a look at working class then it will be easy to see that their life quality is growing pretty fast, faster then ever before. Everyone can get some new skills in the internet (for example you can easily become a QA tester after passing an online course) and get a good job. There is nothing bad that some people are getting wealthier. Don't count other people's money.

The average person is soaked in debt, which in most cases is something they will be dealing with for their entire life. I see that around me as well. If we look around us, almost everything people buy is bought with debt, and I strongly believe that the system we're in is set up solely for that purpose; to keep people where they are on the financial ladder, or to only have them sink further down.

It shouldn't be coincidence anymore that people without debt are able to develop themselves better in every aspect, which translates into a wealth increase throughout the years, while those in debt don't come any further in life. Even if their level of debt isn't increasing, the increasing wealth of the other side is making sure that the gap is growing larger and larger. Debt is the poison of this world.

If you think the problem isn't debt related, just check out the figures released by the responsible departments in your country. You'll see how much more debt the average person is suffering from in comparison to the previous years. It's increase on top of increase on top of another increase. It won't stop.

Actually a person's life can be changed, depending on the person. The poor can be rich as long as they have a clear vision, not just work for others and make money, it is a false vision. While the rich man has a clear vision of life, they will describe his vision of life to arrive at the desired goal. And this is not owned by the poor, they are only satisfied with the money he gets.

And most importantly the difference between rich people who will make themselves richer is the rich want to learn, whether the life lessons he has done or the lessons that will make him richer, while the poor he believes in his destiny is not to be changed other than to live according to circumstances.

This situation we can not blame anyone, many people who say that the government that makes the 'rule' the rich will get richer and poor will be poorer. And to get the wealth we do not need government, but we need ourselves.

Well rich people knows how to save and invest their money that's why they are getting richer every year. While the poor has a lot of options, they don't take the risk and have a mindset that they will stay poor in their life, they don't realized that being poor is a choice, well as far as I know. Most of time try their luck, specially in gambling like betting on lotteries to change their fortune.

Meanwhile, the rich people wakes up every morning, and think what they wanted to accomplish and they do it. The poor really need to change their mindset so that their life and fortune can be change as well.  They go for things that they have control and can affect their lives for the better.

Best scenario is that, the rich has the financial resources to take more risk, they are fast thinkers and see the future ahead but even when the poor man sees same opportunity, he might miss it while still looking for who to borrow money from... ;D

With a post like that I assume that you are here for monetary reasons. Try to think other than that. Everyone is asking how to get rich with Cryptos, I think the have a very narrow concept about it.

But answering your question, there is no basis of what you are talking about. We can not conclude that every rich man becomes richer because not every rich people knows everything about crypto. They can actually lose though they have a lot as capital.

Social divides relating to wage and wealth inequality invoke historical connotations relating to class warfare. Educational institutions, the media and other sources seem to twist anything relating to class warfare into a racial issue. Rather than profits or money being the motive for wealth/wage gaps, its spun into a vaporware, smoke and mirrors, fiction whereby "racism" is the motive behind wealth/wage inequality. Right wingers and conservatives are the main demographics targeted.

First step to bringing "equality" to the global economy is the public becoming more informed and sidestepping political spin routinely applied to the debate. For wealth/wage disparity to be solved we must be informed and aware of what real issues are and how they can be addressed. There is some misinformation and inaccuracy spammed on the topic by sources people know and trust which prevents people from being united and supporting the right things for a fairer and more equal world to exist.

The rich are the financially, they are who to pay employees. So they have a lot of privileges and economic benefits compared to poor workers. In addition, the poor working outside the clothes and rice money, they also incurred other costs such as disease (this is very high prices in poor countries), raising children, repair home and so on, while they only depend on a single source of income, sometimes with no income if they lose their labor. So the poor are poorer.

Well the way of making money now is different with old times, the competition is harsh, and now is the era of using money to make more money, only few percent of people that able to rise from poor to rich, the one that need to be done are be creative about earning, always find fresh idea to make money, make opportunities from anything, hard working and perseverance

the gap between the rich and the poor can not be avoided, the situation is back to the behavior of each of the rich who do not want to help the poor to get a better life and the poor who seemed to resigned to the situation and did not want to change the circumstances of his life

I, once watched video on youtube. I forgot that inspirational video's title. But they have given an emphasis as why rich people becomes richer is that they tend to take more risk in investing more than they have. When people who are successful in their earnings, didn't use their money un an useless things, rather they are thinking of investing more and more if not in the most demanding products, in real states and/or in cryptocurrency.

I think this is the result of a heavily capitalistic economy all over the world. It has become that people become so greedy that they horde more and more resources for themselves. I think the best solution for this is to control the population. The less mouths to feed the more resources can go around.

I think the reason why the rich people are getting much richier because those people have a full source of income and they are already has an stable healthy wealth and all they need to do is maintained and much improve their wealth to become much richier in the near future.

Welcome to the real world, where the rich get richer and the poor can go f*ck themselves. Life just isn't fair.

maybe we should start to spread knowledge about the financial to the middle to lower society so that this social gap is not too far away, we also can help each other and share knowledge about earn money, so that middle society down easier in earning.

Well the reason behind this is simply lack of knowledge, skills and attitude, since thenrich knows something that the poor doesn't they are too greedy to share it with the sinc there will be competition, this is true when you take a look at schools be it public or private, you will not  learn how to have tax exemption in school, how to be an investor or an entrepreneur, you have to be in college and will only take 2 subjects that are related to it but will teach you more how to be an employee, the rich also have a lot burn and already have security but the poor doesn't they need to create their own and arenstruggling while do so, for the attitude, it just needs discipline for the two.

It is not an economic law it is just the system which there is. We live in the world (in the system) where rich and successful people promote their relatives and it is tremendous difficult for anybody to boost on the next level in the social pyramid because our resources (material, time and health) are bordered.
Nobody will disput that it is much easier to get successful in case if your parents, relatives and a round of friends are successful.

well those people who already have the position at the top, they will create a way for them not to go down since the corporate world is becoming very competitive and that is the reason why rich are getting richer even more.

To keep the economy better, provide jobs for the poor and introduce existing technology. How can not the rich get richer, because now the technology is so advanced .. they take advantage of the technology that exists now well.

This trend of the rich getting richer has been from time immemorial! What I do believe can and will solve this gap from continuing is the introduction of wealth caps for individuals and families. Meaning an individual or a family isn't meant to have more than a particular sum. If in excess, it should be pumped back or redistributed in to the economy of the state/country.

things are common, rich people get richer because they already have capital from the beginning without having to bother. while the poor must really start from scratch. must get the hard-earned capital and then find a strategy to process the money becomes bigger. and in crypto verify this opportunity. the poor and the rich continue to process their money in crypto because this is a great opportunity to start and make a profit.

The same happens in nature. The biggest tree grows bigger, because it gets more sun and its roots get deeper, so it gets more food. That makes more difficult for the smaller tress to grow and some of them end up dying.

As for humans it’s not exactly the same but it’s quite similar. When you are rich you can have all your life expenses plus luxuries covered and you have a lot of money left to invest, so you get richer. Poor people tend to buy houses, cars or stupid things on debt, and don’t usually have money to invest, so their always depend on their wages to pay their debt and never get rich.

There are exceptions, obviously.

The worst thing is that even education costs a lot of money. At the beginning, it's not a problem because the first years of our education is covered from our taxes, but it's getting much worse over time. Students have huge debts because studying at a university is a huge expense. Nobody from an average family can afford sending their kid to a collage without taking a loan. It will take years for them to repay it.

I think that is destiny
if the poor will not try while the rich have tried to help the poor follow the way that the rich teach? so in my opinion it is our destiny can not do anything :-\

because bitcoin has a very good development in the world, many cryptocurrencies are in circulation and are created to make cryptocurrency famous and many know it and demand is very high.

The rich people are getting richer because they know how to invest and make money out of their money. The logic goes for them is that the money works for them and not they are working for money. What I mean is they are getting an income from investments without exerting too much effort on it and that's how they are becoming rich. They are okay taking up risks and the poor people are only thinking about surviving for each day not for their future lives.

when the capitalist in power then what happens is economic inequality and that then comes the communist but in fact not like what in expectation and all back to the awareness of every indivu.
if humans want to bebrbagi to fellow human beings by inviting forward together and the role of government to create a great opportunity in the economic field with a healthy competition and of course with the rules then the economic stability will become real.

Its still depends on where these people live. If their government have a good plan for their.countrymen there will be some equality will be imposed. In some point, its also to the person itself, they become richer because they strive hard to attain their main goal in life. As to the poor, (im not saying all of them) they tend to rely on the help of the government and just be lazy in doing work or just keep theirselves in one work without trying to improve their skills to have a better job. And always God Is our provider, believe in Him.

Socialism, citizens must own the means of production or things will only get worse.  The top 3 wealthiest people own more then the entire bottom half of the world's population.

You are right, Real world is always opposing in poor but we should struggle the any kind of situation definitely we will success in future. But many lazy people are just blindly move to one step then leave the involvement. So we are thinking in richer automatically we will move to rich person and we should work hard in our career one day we are the successful person.

According to me the poverty and richness both lies in mentality rather than economically. I am not denying the fact that who has more money are richer and this poor and rich status is all because of money only but the thing is poor does not wants to get rich, for instance if we take the example of bitcoin only then also we can see that there are very much poor people who knows about the bitcoin, richness all depends on technology I guess, those who are more technical, more fast in this digital world will find his way any how to earn his food.

not all people stuck at their current situations that some people can change their life with work more hard and they're successfully can increase their standard of life so the situations not always bad such as that however rich people can be richer because they can utilize all of situations to get money and poor people should be following them and not only regretting their destiny

Its very much simple to think why that always happens. Rich people have different attitude of watching out the things around. They will always keep any eye on newly formed ways of earning money, they will always take the risks, the more the risk the more the money is their attitude. They take it, they put there money over and over again in the crypto and thats why they become even richer. Well, basically opposite happens in case of the poor people as they are never prone to take the risks.

The rich would always get richer because they are informed, by informed I mean they are surrounded by other rich people and exchange relevant information. Before a poor guy would get the necessary to take advantage of a business opportunity, thousands of rich fellows would have heard. Breaking into their circle is not feasible if you aren't like them, but there is something that's constant which can make any person from any background successful, and that thing is hardwork and dedication, these are the things that can make my person successful.

This is not true, in reality everyone becomes richer, the world poverty is getting lower and lower with every year, and in the last 100 year the wealth of average citizen improved dramatically. Also the definition of "rich" can be quite misguiding, because a lot of people from western countries actually belong to the top 1%, even they themselves don't consider themselves rich, this is simply because there are countries like Venezuela where people literally earn pennies. The world is not perfect, its full of corruption and other problems, but its not getting worse, in fact it slowly gets better, and problems like disease, hunger and wars are not as big as they were used to be in the last century.

Simple because those rich people are mostly business minded.They take all the risk in having a business and they are not afraid of investing into projects because they got lots of money to spend while poor people are getting more poorer because of the attitude of spending less in business and spending more into not necessary things.

It depends on how the traders are using their coin, if they are new in trading and they are not well knowledgeable about how the market works then obviously they will sell their coin at the lowest price and that is how they are going to lose a huge amount of their investments.

value of wealth is the answer, if you were born rich or you are rich today, you are very much privileged to enter any investment because you have funds, you have capitals, and definitely you will have all he resources you need to invest in any business, while being poor is otherwise, the resources are limited and you have no fund to venture in any business, but being poor all your life is a choice, some of the multi-millionaires came from being poor, with hardwork and dedication, no one will remain poor.

You know why? It's simply because of a little thing called capitalism. Capitalism is more like an economic merit system. If you work hard, or smart you are actually rewarded for it. That is the great thing about capitalism. But the down side is, if you have the means and resources it gives you an unfair advantage over others.

Poor people should learn how to help themselves to get out from poverty and stop relying on government for aid or something. I know we cannot blame them for being poor, but some poor people and middle-class people do not know how to manage their finances that is why even though they have the means, they still end up being poor because they spend too much and buy things that aren't necessary.  People should learn how to find ways to make their income grow more so that they'll become rich or richer.

Yes, and unfortunately this continuous system has made it harder for others to get up the ranks because of their lack of resources. Some are born poor or born rich and depending on what status you’re at would determine how easy life would be for you. It seems that the rich gets richer every year because they have a full arsenal of resources and it’s only within a grasp’s reach. Unlike for those who come from poor backgrounds, they would have to work hard just to get by.

Totally agree. If you are rich and have the capital then by all means you can make more money out of your money. People are enslave works harder paid measly, but the capitalist enrich themselves. That's the sad state on most developing or 3rd world country. And the another sad part is that any form of government, capitalism exist, so its really a big problem for those who are born poor unless they make themselves rich by working outside of their country.

There are several factors that couse poverty includ factors of income,education,health,access to goods and services,geographical location and environmental conditions.
In order to reduce poverty the country should be able to increase these factors.

Rich becomes richer because they know how to make money work for them and besides that they have more capital that's why their investments has more profits too. The poor gets poorer because some just want to give up and it is already in their mindset that they are born poor so most likely they will die poor so they do not want to struggle that much and find ways to improve their way of living.

As for working in another country, yes you can get rich going abroad because you are earning higher but you can stay in your country too and then find ways to increase your income. You will eventually be able to improve your lifestyle if you work hard and then work smartly. All you need is motivation, positive thinking and information.

Indeed. There is a case/situation in which poor people spent more than rich people. There are more expenses than earnings and savings. While those who are wealthy always think about how to make more money and on how they will become richer. I think it will be better if those are not penniless should think the way rich people does.

because this year a lot of movement of cryptocurrency that can provide a very big advantage for the users and the players who ultimately many who become rich from trading.

right, this is just a matter of one's mindset. the poor to want to be rich, they must think like the rich, with the ability they have, he must think to develop his assets, not spend it

The rich getting richer because they are ready to take risks.  The poor are getting poorer because they are looking for someone to take the risk for them.  I think the poor need mental emancipation! Many of the poor people did not believe in themselves and this same people has 100% believe on others.

Everyone should learn to manage their money wisely even though you are rich or poor. I believe that poor will overcome being poor if they learn from it or someone will spread the idea for them.

It's easier for them to ask for money, isn't it? Proper education takes years depending on what someone is capable of.


It's funny to see some poor people in my surrounding who say that cryptocurrencies are a scam. Funnier thing is that they want the rich to pay higher taxes just because they managed to earn some money. Everyone should pay the same percentage of their income as a tax.

Its all about economic inequality,rich people invest most of their income in assset thats why they making money out of money, on the other hand poor people invest only little bit of their money in asset or not, Individuals should be responsible in everything they take.

I agree with you. Rich people always have money to pay when they fail in the projects they develop. But the poor will never get a second chance if their first chance is to fail

The rich are more intelligent than the poor. They can think of a lot of ways to make money. While many poor people become lazy and they do not want to work. That is why they never become wealthy

I do not know what you mean are you trying to say .Did you mean that why is the rich getting richer and the poor getting poorer?Well to react to this,I think that everything is the state of the mind of the individual. To be rich starts in the mind and to be poor is also in the mind.

Increasing the income tax would be a good step and the next move is to stop corrupted government officials for plundering the money of the citizens. The amount that is tax for rich politicians and citizens would be categorize depending how much is their networth per year and that enables law enforcement to look at their financial accounts and question how did they get that money.

IMHO

Try to imagine two snowballs falling down a hill but they take the same path, the big snowball in front of the little one makes it quite hard to obtain more mass, don`t follow that one take your own path.

Trinkle down economics just leads to everyone scamming, it makes the little guys serve the big guys garbage because they need to make it by. People do things for money rather then true Value.
It is quite like the game JENGA (which always falls in the end)

Trinkle up economics the top still see the wealth in the end and the more people spend the better, but the bottom of the tower has not been effected.

I express my opinion if you want to hear it on another forum look at my old post you will find it if you wants.

You know whats missing?its knowledge and dedication this is the character people must have to be competent in every matters by then we can compete fairly to everyone

Rich people mostly keeping learning thats why they continue to progress,while poor stays on their level and accept the realitybout life thats why they become more poorer

I kind of agree with you guy. Almost all people who are rich, getting richer mostly because first up they have available foundation to start up or take a suitable job. Besides, their mindset is built as clearly and positively that definitely no matter how difficulty they must face with, how many mistakes they have to get, it’s not a big thing, the most important is they know everyday is a good chance to do better. To say frankly, it’s not really rich become richer and poor become poorer, but the one who really want theirself to be more successful, he will try and never give up in such any tough situation. If you are a person who has goals to get success so that day by day you learn to get richerm, so though he stays inside or outside his countries, he both has his change in here and there.

Each period has its own variations, and those who know how to apply it will succeed. Those who wait and refuse to study will not have good results. That is the wealth and success of individual consciousness.

Perhaps this is due to the stereotype, and to the thinking of people who just do not really want to get rich!

This is global worldwide low, we can reject and hate that but it is working all the round just like that, so we need blockchain and bitcoin and other cryptocurrencies in order to get some things evenly.

I don't see any technical reason behind this increasing gap between poor and rich people, but theoretically, there is a fundamental difference between the ideologies of the people belonging to these two classes. There is a lack of knowledge when it comes to the poor class and hence, they are not able to employ the money that they earn. On the other hand, the basic principle of the rich people is to employ the maximum amount of money and letting it work for them.

Lol, some people are just so stupid, that’s their main problem. They don’t even do the right thing at the right time and they can’t even sit down and think. And one of the mistakes some of us, for example in Bitcoin we are fond of creating an opportunity for the rich dudes, we sell out Bitcoin and create chance for them to buy and then we stupidly get in put money and boost the price further and once they see the price is up, due to they are smart, they will immediately withdraw and those stupid poor people who don’t even have target will end up losing their money.

Not all rich people keeps getting richer and not all the poor people keeps on getting poor, some of them do succeed out of poverty. Some people are just so dumb, poverty has blocked their mind and made them to be just useless to the extent that they can’t even think of what to do to help themselves out in life. They keep on making mistakes and these mistakes they are making are what makes the rich to even get more richer.

Yes!This happens because the people have monet to invest in different businesses aside from that they also use their money wisely.Unfortunately people get richer because of greed.

I don't think so about it,if yo have a chance and gets the opportunity believe thats what you are doing is notthing imposible

I think the presence of crypto now will turn the wheel of poverty. The rich may experience poverty when they experience losses in crypto they have. I was shocked when the market always sided with people who had a lot of capital. Life is not exciting if there is no significant economic turnover  :D

Exactly, it's just a mindset difference, nothing else. Rich people look for opportunities and take risks many times, poor people look for excuses and in th end stay in the same place.

A lot of poor people are intelligent but they lack the capital to become rich.  Money makes money a lot faster than working for an hourly wage.  There is a lot of luck involved and you would have to be foolish to deny this.

The rich keep getting richer because the majority of new wealth created goes straight to the top.  Wages have been stagnant while inflation keeps devaluing currency and housing prices keep rising.

We need to fight corruption and bribes. It is necessary to provide high-quality education and medecina. Insurance should also be obligatory. Then, when there will be no corruption and all people will be accused - then poverty will disappear like me. And rich people will remain in the future. After all, they enriched themselves with their heads and not anything else.

Rich people always invest money but the poor people get more than this we can see the power of bitcoin now is higher, investment is being more than double so people are getting free bitcoin Knowles and skills, joining bounty and signature campaign is one of the best source of income for those who has money and want to invest it, this time I am sure price of bitcoin will get more than double. Not only for rich but for poor bitcoin will bring a lot of profit.

There is nothing you can do about the situation, before anyone can grow from no good capital in any business to a higher level it will take years while someone with good capital will need little time and a little push.  To get rich as a poor person needs self determination and extraordinary effort.

I think differently. People with high capital are not counted. Start-up entrepreneurs do not have any money. But thanks to their dynamic and enthusiastic job of making money and investing. They are sensitive in every case and generate income even in the most difficult times.