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Economy => Economics => Topic started by: Rruchi man on September 20, 2021, 11:22:13 AM



Title: Future economic fear of the rich and poor.
Post by: Rruchi man on September 20, 2021, 11:22:13 AM
A discussion to express your views and perspectives on the future economic fear between two class of people in the society, the rich and the poor.

-I have often heard that there's an even greater fear with getting money, who do you think has more fear about the future?

(A) The Rich man who has tasted the good things of life and enjoying the best, now he has to face the fear of the possibility of suddenly loosing all he possesses and becoming poor? Or

(B) The poor man who has not enjoyed anything in life yet, just surviving and facing the fear of an unknown future, thinking if he is ever going to be in a better position or the suffering is going to continue?


Title: Re: Future economic fear of the rich and poor.
Post by: jackg on September 20, 2021, 11:57:22 AM
I think B might be more likely to take an action over their fear but both fears are probably quite equal.

In both cases, you're assuming the two subjects are lonely/with poor company though which is also what I'm basing this off. Surrounding yourself with the right sort of people obviously offers better protection from you losing the essentials of life.

The first persons wealth also depends on how they got it. If it was earnt themselves, they'll be a lot more confident they can earn it again. If it was something they inherited (maybe like real estate) and it's not well diversified then they should probably be quite worried...


Title: Re: Future economic fear of the rich and poor.
Post by: Lucius on September 20, 2021, 12:55:19 PM
-I have often heard that there's an even greater fear with getting money, who do you think has more fear about the future?

I think that those who have enough money or even have more than they need are not the ones who should feel more fear, because their position is far more favorable than those we can call poor, although here we cannot refer exclusively to those who are at the bottom of society, but also at people who live an average life. An extremely rich man can lose 90% of his wealth and still be a relatively rich man (say if he loses $90 million out of a total of $100 million), who will still live better than 90% of the rest of the world.

In the bigger picture, I have no sympathy for that 10% of extremely rich people who are mostly rich at the expense of the poor.


Title: Re: Future economic fear of the rich and poor.
Post by: Hydrogen on September 20, 2021, 01:01:30 PM
who do you think has more fear about the future?

(A) The Rich man who has tasted the good things of life and enjoying the best, now he has to face the fear of the possibility of suddenly loosing all he possesses and becoming poor? Or

(B) The poor man who has not enjoyed anything in life yet, just surviving and facing the fear of an unknown future, thinking if he is ever going to be in a better position or the suffering is going to continue?



The rich fear the future enough to build elaborate bunkers in case of emergency.

While other income brackets refuse to believe their way of life can change, and take zero steps to prepare for crisis.

The rich are the first to know when a recession or economic crisis is coming. While other income brackets are uninformed and caught unaware by every recession or crisis that hits.

The rich recognize and respect the dangers of shifting markets and conditions. They channel their fear into following the news and being informed.

While other income brackets remain thoroughly convinced they should never read the news, as it only contains depressing stories. They believe politicians and governments exist to take care of all their problems, so that they can live their lives without ever paying attention to anything.

These are all generalizations but I think the wealthy demographic is the one that respects and fears negative trends of finance and economy the most.


Title: Re: Future economic fear of the rich and poor.
Post by: zanezane on September 20, 2021, 01:26:20 PM
I think that both have the same degree of fear, it's just that they've come from a different social strata so we see them a bit different but I think they're practically the same but in a different situation.


Title: Re: Future economic fear of the rich and poor.
Post by: NeuroticFish on September 20, 2021, 01:40:41 PM
The rich has a very good chance that even if he loses a big amount of his wealth, he won't lose it all. By far. The rich can afford advisors for diversifying, ensuring and so on.

The poor -- depends how much money he got. He may or may not have the education to spend well, to ensure, to do something meaningful. Or he may not have got enough for all his plans. Of course that he will be the more "fearful"


Title: Re: Future economic fear of the rich and poor.
Post by: Sterbens on September 20, 2021, 04:15:42 PM
We cannot draw unilateral conclusions about how economic conditions from two opposite directions, between the poor and the rich are all on the same track with various domains and concerns. Broadly speaking, economics is about position and social equality where all the worries can arise without making a ticket first.

It's simple: in most cases, a rich person will feel less about what he already has because the more he gets what he wants, the more he worries about what he doesn't have. Meanwhile, on the part of the poor, no matter how hard they are, they have to endure the hardships of life, both in urban and rural areas, all of which always refer to the economic gap between the middle and upper social layers.

which points are suitable for us to choose? not A nor is it B, if I were you it would add a point C where there are people who feel enough, enough in terms of responding to the seriousness of economic life. Those in this realm tend not to think too much about things that can have detrimental consequences on the pace of the economy, while they have a chance to survive they will be much simpler and stronger to survive.


Title: Re: Future economic fear of the rich and poor.
Post by: Gozie51 on September 20, 2021, 04:44:20 PM

(A) The Rich man who has tasted the good things of life and enjoying the best, now he has to face the fear of the possibility of suddenly loosing all he possesses and becoming poor? Or


This is a fear of the unknown and surely every rich guy should have that kind of fear, you don't want to go down there anymore after you leave the poor or low level situation. The rich don't relax from planning for the future and that makes them keep investing in opportunity coming there way but the poor after seeing opportunity is scared of fud, they don't want to lose the little they have. The rich get higher because they are connected and they fear to go down as they have to meet up with the social status and security walls they have built for themselves. They have everything to lose if they go down and they will struggle not to but the poor has nothing to lose as they are already down.


Title: Re: Future economic fear of the rich and poor.
Post by: mk4 on September 20, 2021, 04:50:49 PM
On the top of my head, I'd say A. I think huge economic uncertainty is one of those things that can spook the wealthy. Because while they can allocate their funds on certain assets/investments/hedges, there's no way to know for sure what the right picks will be because we're in uncharted territory— whereas the FED is printing money like no tomorrow.

Why not B, you say? Simply because I don't think most of them even know what's going on, and what the potential risks are. A lot of them are just happy that they're getting their lovely stimulus money.


Title: Re: Future economic fear of the rich and poor.
Post by: Fesatmas on September 20, 2021, 05:33:34 PM

(B) The poor man who has not enjoyed anything in life yet, just surviving and facing the fear of an unknown future, thinking if he is ever going to be in a better position or the suffering is going to continue?

Who says poor people don't enjoy anything in life. I don't believe in statements like this. Look wider, and try to live among them, many things we can learn is how they work harder, 100x earlier to seek fortune. If you say that, it means you've never been in their environment. We will be much more appreciative of the future of the poor whose fate we never know will be great in the future. There is a saying that goes "not who you are today, but who you will be tomorrow".  ;)


Title: Re: Future economic fear of the rich and poor.
Post by: fiulpro on September 20, 2021, 05:39:34 PM
A discussion to express your views and perspectives on the future economic fear between two class of people in the society, the rich and the poor.

-I have often heard that there's an even greater fear with getting money, who do you think has more fear about the future?

(A) The Rich man who has tasted the good things of life and enjoying the best, now he has to face the fear of the possibility of suddenly loosing all he possesses and becoming poor? Or

(B) The poor man who has not enjoyed anything in life yet, just surviving and facing the fear of an unknown future, thinking if he is ever going to be in a better position or the suffering is going to continue?


For the poor it is :
Being able to afford the necessity ( food and water ) for the whole family the next time . They are not even sure about their meals least the money and other things as well.

For the rich it is :
Being able to afford a good education and to be able to maintain the high quality of life they have right now which does actually mean they are on the opposite sector as compared to the poor but at the same time it's not unfair at all.

The economic crisis and the situation is different for both of them. The poor might be happy in just 10$, the rich might tip the next waiter 10$.

It's all about your way of living and about your outlook on life.


Title: Re: Future economic fear of the rich and poor.
Post by: ninkdwi on September 20, 2021, 07:20:34 PM
I don't think it can be used as a reference for how the level of the economy is between the poor and the rich because indeed all of them must have the same concerns and we can't describe it in two ways because there may be several factors that make you have to rethink the specifications. like this, for example, there are people who are already satisfied with the life they are living now, no matter whether they are in poverty or in wealth, because we cannot make a specification between poor and rich just from the benchmark of one person.
Besides that, when talking about the economy, both the poor and the rich will certainly feel their respective concerns regardless of all that, actually if seen from the naked eye, the actual burden caused by the problem is that it is the rich who will feel more burdened because they are have to rack their brains extra so as not to become poor in the future on the other hand they have to make plans to increase their wealth in the present.


Title: Re: Future economic fear of the rich and poor.
Post by: Slow death on September 20, 2021, 09:10:50 PM
(B) The poor man who has not enjoyed anything in life yet, just surviving and facing the fear of an unknown future, thinking if he is ever going to be in a better position or the suffering is going to continue?

definitely the poor are more afraid of the future than the rich. The rich is not suffering, he wakes up, he has food on the table, he has a paid health plan, he has a car and many other things, he doesn't have time to be sad when the government increases the price of bread or when the government increases the price of public transport .

the poor live in fear, when food prices increase enough for the poor to lose sleep, the poor have poor health insurance and when they get sick they are more concerned about money than about their health


Title: Re: Future economic fear of the rich and poor.
Post by: GeorgeJohn on September 20, 2021, 09:40:14 PM
Amongst the both listed above,i think the poor has more fear of the future than the rich.
At times, most poor folks can be contented with what they have, humans are never satisfied so a rich mindset that is poor, will do everything possible to strive to the top, inorder to meet up with he's or her needs as well adapt to the current economic state.....in order to avoid striving in the future.
The rich on the other side can still be scared, but due to assets amd more money he'll be a bit confident and relaxed for the future.
The rich will do everything to become richer, this statement as well will tell too...there quest for more money simply means they're scared of going broke and poor.


Title: Re: Future economic fear of the rich and poor.
Post by: electronicash on September 20, 2021, 10:06:52 PM
the rich will always have fear in every direction, they may even be walking in the rich cities but still looking over their shoulder because someone might rob them. this fear has to lead them to invest more to become richer. and more fear still because there's more to lose

the poor man will enjoy everything, he already has experienced the worse of his life. even if they eat just garlic porridge, they'd be laughing. what they both fear is the future of their children, it's not about them dying without a chance.


Title: Re: Future economic fear of the rich and poor.
Post by: Botnake on September 20, 2021, 11:37:03 PM
the rich will always have fear in every direction, they may even be walking in the rich cities but still looking over their shoulder because someone might rob them. this fear has to lead them to invest more to become richer. and more fear still because there's more to lose

the poor man will enjoy everything, he already has experienced the worse of his life. even if they eat just garlic porridge, they'd be laughing. what they both fear is the future of their children, it's not about them dying without a chance.
Probably, both of them will still fear about their economic future but it will be less advantage for poor people since they only have less to lose. Unlike those in high class who got a lot of assets and properties, of course they should be fearful if all of them will just vanish. And i guess all of us will definitely have some fears too.

However, if those rich and educated people will lose their assets, there are high chances to regain them because they are more knowledgeable and more aware about their present economic status and how to improve them. But for the poor people, most of them are uneducated so they only have less ideas about what is happening and will be very hard for them to start all over again.



Title: Re: Future economic fear of the rich and poor.
Post by: Boov on September 20, 2021, 11:50:40 PM
A discussion to express your views and perspectives on the future economic fear between two class of people in the society, the rich and the poor.

-I have often heard that there's an even greater fear with getting money, who do you think has more fear about the future?

(A) The Rich man who has tasted the good things of life and enjoying the best, now he has to face the fear of the possibility of suddenly loosing all he possesses and becoming poor? Or

(B) The poor man who has not enjoyed anything in life yet, just surviving and facing the fear of an unknown future, thinking if he is ever going to be in a better position or the suffering is going to continue?

I belong to the B side of this topic, I've been poor since birth and until now there's nothing change on my level of the community, but I still hope and struggle to become better in position as I've expect a lot profitable when it comes to economic challenges. As I've face the unknown outcome in life, cryptocurrency is my only ways to cope all those fear and worries, with patience and dedication survival isn't an impossible thing for us to become successful in life.


Title: Re: Future economic fear of the rich and poor.
Post by: Darker45 on September 21, 2021, 01:35:54 AM
I believe downfall is a lot more feared than staying the same. With the former, there is a painful transition, something which a person might not be able to survive. With the latter, it is simply the status quo. There is no bitter adjustment. It is something the person has already accepted.

Having said this, I think the greater fear is that which is faced by the rich man. The fear of the poor man is based on want, the desire to get out of a dire economic situation. The fear of the rich man is the possibility of a loss.


Title: Re: Future economic fear of the rich and poor.
Post by: Kittygalore on September 21, 2021, 06:43:42 AM
I don't know how the rich fears but I can feel exactly the fear of poor person since I came from one and slowly going up but I can feel that looming fear that the next day is the day that I won't survive the ordeal but we are in a capitalist society and you need to be smart and know how to make your money work for you.


Title: Re: Future economic fear of the rich and poor.
Post by: davis196 on September 21, 2021, 07:03:58 AM
The truly rich people will never feel any fear of becoming poor.
By "truly rich people" I mean millionaires and billionaires.I have never seen a millionaire or a billionaire going bankrupt.
The middle class people-small business owners and high profile professionals might be facing difficult times in the future,but I don't consider them to be rich.They are above poverty,but they also have big debts and a constant struggle to stay ahead of the competition and make enough money to pay big expenses.
The poor people will always have a fear of the future,it doesn't matter is there's a global crisis or the global economy is growing.


Title: Re: Future economic fear of the rich and poor.
Post by: junmisakiro on September 21, 2021, 07:51:42 AM
Rich people will always think of winning while poor people are always afraid of losing, we can conclude that rich people will do everything possible to win the competition when they want to start a business, while poor people always think of protecting what they already have, they don't want to sacrifice for things that might change their lives.


Title: Re: Future economic fear of the rich and poor.
Post by: Kakmakr on September 21, 2021, 07:57:27 AM
You have to speak to some of the rich people to get their real concerns, before you enter discussions like this.

Go read this book "Why We Want You to Be Rich: Two Men, One Message" it is a non-fiction book about personal finance, co-authored by Donald Trump and Robert Kiyosaki.

One of the main concerns of some rich people are that they would be burdened with the full taxation of their country. The gap between the Rich and Middle class are increasing and a lot of the people in the middle class are losing their jobs and they shift to the poor section of the country, where little or no tax are contributed.

So if the middle class are gone, rich people will have to carry the whole tax burden and the poor will have to be subsidized by grants.. that are funded from taxes.

It is in the best interest of the rich people to create job opportunities for the middle class, so that the rich people can pay less taxes.  ;)


Title: Re: Future economic fear of the rich and poor.
Post by: lixer on September 21, 2021, 09:17:11 AM
I have often heard that there's an even greater fear with getting money, who do you think has more fear about the future?

(A) The Rich man who has tasted the good things of life and enjoying the best, now he has to face the fear of the possibility of suddenly loosing all he possesses and becoming poor? Or

(B) The poor man who has not enjoyed anything in life yet, just surviving and facing the fear of an unknown future, thinking if he is ever going to be in a better position or the suffering is going to continue?
Personally, I think the rich will be in fear more than the poor, because they don’t want to lose their money after they have earned. One thing is to make reaches and the other is to maintain it. And when it comes to maintenance that’s where it gets hard, if you make a mistake you might end up losing everything.

So, they always have to work hard and that's why they come off as strict people most of the times, because they don’t want to joke with their business. Some of them even go to the extent of using others just to maintain their status or level. And then As for the poor, they’re also afraid of what the future holds, because they don’t know how they might be able to deal with it.


Title: Re: Future economic fear of the rich and poor.
Post by: Kusman on September 21, 2021, 10:42:13 AM
I think the poor should be more fearful about the future. Because the gap between the rich and the poor is continuing to open more and more in nearly all of the countries in the world. This is clearly seen especially in the developing and underdeveloped countries. Even in developed countries, the rich are getting richer every year while the process for the poor is going on more slowly.


Title: Re: Future economic fear of the rich and poor.
Post by: Ucy on September 21, 2021, 10:43:37 AM
A discussion to express your views and perspectives on the future economic fear between two class of people in the society, the rich and the poor.

-I have often heard that there's an even greater fear with getting money, who do you think has more fear about the future?

(A) The Rich man who has tasted the good things of life and enjoying the best, now he has to face the fear of the possibility of suddenly loosing all he possesses and becoming poor? Or

(B) The poor man who has not enjoyed anything in life yet, just surviving and facing the fear of an unknown future, thinking if he is ever going to be in a better position or the suffering is going to continue?


I don't know much about their experiences. I was never afraid of becoming poor or never becoming rich while growing up, because I knew back then I would live a comfortable life whether I'm rich or poor. Those things never really bothered.
I guess the kind of poor you are referring to is the poor who is needy, otherwise I don't see why a poor person who isn't needy should be suffering if he/she is doing the good works he/she is talented in and enjoy doing.. and earning enough to meet his/her daily needs that are "good things of life" .


Title: Re: Future economic fear of the rich and poor.
Post by: Oasisman on September 21, 2021, 11:11:08 AM
A discussion to express your views and perspectives on the future economic fear between two class of people in the society, the rich and the poor.

-I have often heard that there's an even greater fear with getting money, who do you think has more fear about the future?

(A) The Rich man who has tasted the good things of life and enjoying the best, now he has to face the fear of the possibility of suddenly loosing all he possesses and becoming poor? Or

(B) The poor man who has not enjoyed anything in life yet, just surviving and facing the fear of an unknown future, thinking if he is ever going to be in a better position or the suffering is going to continue?

I guess none of these two classes would experience a "great" fear, though it might slightly scare them when there's an economic downfall, but rich people tends to find a good solution to the economic problem by venturing out onto another business model based on the market demand especially in this trying times of pandemic. These rich people for sure has enough experience in terms of the risk in creating and innovating business.

While poor people are used to just being poor. I mean they're fighting to survive their whole life what else are they afraid of? In fact, they knew how to survive like how the primitive people live without these latest technology and money.


Title: Re: Future economic fear of the rich and poor.
Post by: iv4n on September 21, 2021, 11:31:03 AM
I find this a bit stupid, future economic fear... fear is fear, you either feeling it or not! Fear can be rational or irrational...
Quote
Rational fear is a reaction to a real threat where we have to protect ourselves. Irrational fear is something we fear, even though there is no direct link or threat to us.

We can't say that fear is choosing people by any criteria, it's simply a feeling in someone, an experience, and you either know how to deal with it and control it or you don't know how to do it and you let it overwhelm you, which may cause some serious problems!
Fear is something we all share, we grow and we learn new things, not feeling scared when trying something unknown is stupid, it can put you in a dangerous position... that fear is what can make us more cautious, careful, thoughtful... and that can help us in avoiding wrong actions/moves!


Title: Re: Future economic fear of the rich and poor.
Post by: The Cryptovator on September 21, 2021, 12:27:31 PM
The true fear is for the poor people in the world. They always fear how they will feed the family member the next day. Believe me, this is the real fear of poor people. They don't have fear of loss since they don't have. I don't think rich people have fear of loss and become poor. Because just see in real life, very rarely do rich people become poor. Rich means they have multiple sources of income, they don't have a fair of feeding family. Here is the difference between fear. Both have fear as you said, but the poor people's fair is more fearsome than rich.


Title: Re: Future economic fear of the rich and poor.
Post by: AicecreaME on September 21, 2021, 01:00:08 PM
A discussion to express your views and perspectives on the future economic fear between two class of people in the society, the rich and the poor.

-I have often heard that there's an even greater fear with getting money, who do you think has more fear about the future?

(A) The Rich man who has tasted the good things of life and enjoying the best, now he has to face the fear of the possibility of suddenly loosing all he possesses and becoming poor? Or

(B) The poor man who has not enjoyed anything in life yet, just surviving and facing the fear of an unknown future, thinking if he is ever going to be in a better position or the suffering is going to continue?

I think both parties have their own set of fears about the future equally. It's just that, it varies to what extent and on what aspect they are fearing the future might be.

For the rich, they fear that the future might take away their assets and funds. Although, I must say that despite having this fear, they have the advantage to move and act to prevent such losses and damages on their hard-earned and inherited assets. The rich are privileged enough to be ahead of the news compared to the lower class who just rely on what the media releases. The rich have the connection and broad network they can utilize to be aware of almost everything that concerns them.

On the other hand, the poor mostly fear that they'll have no future to look forward to. Most of the poor people are barely making the ends meet each day. Lack of education and poverty hinders most of them to achieve their goals. As result, they are living the bare minimum or even below the poverty line. Most of the documentaries that I watched talk about both how hopeful and hopeless are the lower bracket of society.

So, there it is. I think it's no brainer to ask who fears more than who because we have different struggles in life after all. What seems big to you might seem petty to some, and vice-versa. It's just a matter of respect and how we plan to overcome the monsters inside our heads to achieve our aspirations and plans in life.


Title: Re: Future economic fear of the rich and poor.
Post by: SquallLeonhart on September 21, 2021, 02:39:40 PM
Personally, I think the rich will be in fear more than the poor, because they don’t want to lose their money after they have earned. One thing is to make reaches and the other is to maintain it. And when it comes to maintenance that’s where it gets hard, if you make a mistake you might end up losing everything.

So, they always have to work hard and that's why they come off as strict people most of the times, because they don’t want to joke with their business. Some of them even go to the extent of using others just to maintain their status or level. And then As for the poor, they’re also afraid of what the future holds, because they don’t know how they might be able to deal with it.
I have met with a lot of rich people in my crypto life, many people who were not rich that turned rich, many that were rich even before crypto, many that worked really hard during crypto to become rich. All kinds of people and all kinds are different. We can categorize rich people all into one box, they all come from different aspects of life. A person who is rich from parents will not be the same as a rich person who made it into rich world all by their hard work, and a person who got rich because of some lucky investments will not be same with them neither.

Personality changes as well, you can get rich doing the same exact thing and two different people will have two different reactions to it. So all in all there are greedy rich people, idiot rich people, fearful rich people, angry rich people, calm rich people and all kinds of other things as well.


Title: Re: Future economic fear of the rich and poor.
Post by: bryant.coleman on September 21, 2021, 04:26:49 PM
A discussion to express your views and perspectives on the future economic fear between two class of people in the society, the rich and the poor.

-I have often heard that there's an even greater fear with getting money, who do you think has more fear about the future?

(A) The Rich man who has tasted the good things of life and enjoying the best, now he has to face the fear of the possibility of suddenly loosing all he possesses and becoming poor? Or

(B) The poor man who has not enjoyed anything in life yet, just surviving and facing the fear of an unknown future, thinking if he is ever going to be in a better position or the suffering is going to continue?

Neither the rich, nor the poor have to worry about the future. It is the middle class, which represents 80% of the population who needs to worry about the future. For the rich, most of their wealth are in assets that can't be taxed with the current tax regimen. Also, they can easily move from one country to another, as getting a new passport has become very easy now. The poor also don't have much to worry. The governments around the world are increasingly moving towards socialist policies, and the level of welfare benefits and handouts are going up with every year.


Title: Re: Future economic fear of the rich and poor.
Post by: bitzizzix on September 21, 2021, 05:14:57 PM
I have experience and real with what I see real in between, and my answer is:
Rich people in my opinion are much scarier if they fall into poverty or lose their wealth because they feel unaccepted and comfortable being poor because they have to feel bad things that have never been felt before and how painful it is to be poor. and it can even drive rich people crazy, seriously ill, and even die of shock.

and for the poor they feel they are used to it and will not worry because their daily life is not free from difficulties and suffering and if they are very poor they can still survive in any way the most important thing is that they can still find food and drink even though they have to beg.


Title: Re: Future economic fear of the rich and poor.
Post by: mu_enrico on September 21, 2021, 05:52:08 PM
Well, you have fear only if you have something to lose. That said, rich people scared of getting poor, thus they protect their wealth in various ways, home security system, diversified portfolio, insurance, etc. Meanwhile the poor can only think what/how can they eat tomorrow. I think cardiovascular disease, stroke, and other fear related disease, are common in rich people, but not for poor people. However, because of better healthcare and overall facilities, they can cope with it. Don't forget that the fear manifests into various fears, e.g. fear of family safety, fear of embarrassment/shame, etc., which is rich people's problem.


Title: Re: Future economic fear of the rich and poor.
Post by: SoeNan89 on September 21, 2021, 06:08:36 PM
For some people, this metaphorical death occurs when they decide to settle in a mediocre lifestyle. These people feel their dreams cannot be realized so they choose to live a monotonous life. Afraid of being old this can be dangerous when you have to take a transition in a career.


Title: Re: Future economic fear of the rich and poor.
Post by: ninkdwi on September 21, 2021, 08:18:52 PM
the rich will always have fear in every direction, they may even be walking in the rich cities but still looking over their shoulder because someone might rob them. this fear has to lead them to invest more to become richer. and more fear still because there's more to lose

the poor man will enjoy everything, he already has experienced the worse of his life. even if they eat just garlic porridge, they'd be laughing. what they both fear is the future of their children, it's not about them dying without a chance.
yes, that's true, because indeed if someone gets richer then their level of worry and their level of distrust is getting stronger both for those closest to them and for those around them.
because it is human nature to be very afraid that they will lose what they have, on the other hand this concern is not without reason because there are so many parties who want to steal wealth from other people. and not only from external parties but also from internal parties.
although it's not all like that but I'm sure most rich people would think the same thing like this.


Title: Re: Future economic fear of the rich and poor.
Post by: SoeNan89 on September 22, 2021, 12:11:26 AM
The surge in prices for food goods ranging from sugar to vegetable oil last month also touched a new record level in six years. The surge in prices was influenced, among others, by China, which bought large quantities of food supplies, bad weather that disrupted harvests, and tightened food supplies by a number of countries.

Apart from exacerbating food inequality in countries hard hit by the Covid-19 pandemic, rising food prices also risk accelerating inflation. As a result, the central bank is more difficult to provide more stimulus.


Title: Re: Future economic fear of the rich and poor.
Post by: lienfaye on September 22, 2021, 12:50:35 AM
-I have often heard that there's an even greater fear with getting money, who do you think has more fear about the future?
For me its B, the poor is always in the position of having this fear and worries of what lies ahead. Sometimes even you're striving to lift yourself from poverty, there are hindrance that prevented you to overcome it. If you are not wise and have no strategy to face the reality you cant change the life that you used to.

On the other side, even rich people has also fear to become poor in the future, somehow its unlikely because they have a resources to remain rich unless they're lazy and counting of what they already have. But we know some rich people has no contentment and still working to secure their future, most of them are into business.


Title: Re: Future economic fear of the rich and poor.
Post by: B-Bit on September 22, 2021, 02:50:32 AM
The poor should have relatively little economic fear, and they will have no economic concept if they live in a small city. Ji is indeed unfriendly to the poor. Although everyone is slowly closing the economic gap. But the economic growth rate is very fast. Commodity prices are rising rapidly. The rich can quickly become richer. The poor can only get paid through cheap labor.


Title: Re: Future economic fear of the rich and poor.
Post by: semobo on September 22, 2021, 07:24:16 AM
A discussion to express your views and perspectives on the future economic fear between two class of people in the society, the rich and the poor.

-I have often heard that there's an even greater fear with getting money, who do you think has more fear about the future?

(A) The Rich man who has tasted the good things of life and enjoying the best, now he has to face the fear of the possibility of suddenly loosing all he possesses and becoming poor? Or

(B) The poor man who has not enjoyed anything in life yet, just surviving and facing the fear of an unknown future, thinking if he is ever going to be in a better position or the suffering is going to continue?
If someone is actually rich then they are not going to be worried much since they are supposed to have enough of savings for their remaining survival so even if they lose their business they still can survive with the money they have. And the middle class or below than that are already suffering from the Covid 19 unemployment and loss of business so they are having more fear now even about the survival.


Title: Re: Future economic fear of the rich and poor.
Post by: marine4u on September 22, 2021, 07:43:26 AM
A discussion to express your views and perspectives on the future economic fear between two class of people in the society, the rich and the poor.

-I have often heard that there's an even greater fear with getting money, who do you think has more fear about the future?

(A) The Rich man who has tasted the good things of life and enjoying the best, now he has to face the fear of the possibility of suddenly loosing all he possesses and becoming poor? Or

(B) The poor man who has not enjoyed anything in life yet, just surviving and facing the fear of an unknown future, thinking if he is ever going to be in a better position or the suffering is going to continue?
I think B) will have more will and motivation, a person living in fear of poverty with nothing to worry about integrity will try to do his best within his limits to achieve.  the result, if not rich, will at least improve life more fully and gradually material.  And A) fear of poverty causes him to face an ideological struggle between trying to get richer and preserving his entire estate.  In my opinion, these assumptions are fundamental, Should have option C) The rich man tries to consolidate his greed and wealth instead of thinking pessimistically.

However, the reality is that with inflation at a terrible rate, the gap between rich and poor will be very difficult to bridge just by working hard.  

Example: The rich had land, while the poor could not own land in their whole life of hard work.


Title: Re: Future economic fear of the rich and poor.
Post by: Finestream on September 22, 2021, 07:47:57 AM
-I have often heard that there's an even greater fear with getting money, who do you think has more fear about the future?
For me its B, the poor is always in the position of having this fear and worries of what lies ahead. Sometimes even you're striving to lift yourself from poverty, there are hindrance that prevented you to overcome it. If you are not wise and have no strategy to face the reality you cant change the life that you used to.

On the other side, even rich people has also fear to become poor in the future, somehow its unlikely because they have a resources to remain rich unless they're lazy and counting of what they already have. But we know some rich people has no contentment and still working to secure their future, most of them are into business.
For me, the rich and the poor men will have the same fears for their economic future. But once you're a rich man, you have all the resources and definitely have reserved a big savings for you and your family's entire life. So if you will face inevitable losses in the future, you won't get emotionally and economically affected with it since you have prepared for it.

However, poor men have nothing to lose i guess since they are used already living in poverty but if ever there will be future economic problems arise, their survival might really be at stake. So they will surely become the poorest of the poor.


Title: Re: Future economic fear of the rich and poor.
Post by: Ngemmeng on September 22, 2021, 01:29:24 PM
I think poor people are more afraid about the future because they haven't found a way to solve the biggest problem in their life which is poverty. Rich people when they are poor know what to do because they have been through this problem before. most of the rich or successful people started their life from hardship or poverty.


Title: Re: Future economic fear of the rich and poor.
Post by: tazmantasik on September 22, 2021, 03:11:08 PM
What is certain is that both of them have the same fear of a lack of future . It's just that the poor are still able to understand better and are able to survive in times of unstable economic conditions. For the rich, I think it will be a bit surprising and unusual in these conditions and will not be comfortable...different from the poor who are used to it.


Title: Re: Future economic fear of the rich and poor.
Post by: pergola on September 22, 2021, 03:58:12 PM
The future is unknown, if the rich and the poor both strive for the present life, they will know what tomorrow will be. Always try to work and accumulate spare assets is the way my ancestors did for generations. That's how they overcome adversity.

Rich people come from poor people, they will appreciate their lives more and have a way to deal with difficulties. Their descendants have not experienced hardship, so it will be difficult to overcome as well as their grandparents did.

Poor people they have experienced hardship and they will not complain about their life if it continues like this. There are two types of poor people: the first type is lazy, so they are poor; the second type because of the harshness of nature and living conditions, they are poor. Remember, their different origins of poverty will lead to different adaptations.


Title: Re: Future economic fear of the rich and poor.
Post by: Mometaskers on September 22, 2021, 04:16:52 PM
I can only speak from the perspective of a poor man coz I'm no rich man. What we fear most is a cut on our income, especially with the repeated lockdowns. We're not even asking for subsidies, we just wanted to be able to make money on our own.

These are all generalizations but I think the wealthy demographic is the one that respects and fears negative trends of finance and economy the most.

Or they are really the ones who have the resources to spare to prepare for such calamities. Several days before the first lockdown in my country my mom called me crazy for buying a pressure sprayer for disinfecting. You bet I would have a fully-stocked bunker in the countryside if I can afford it.


Title: Re: Future economic fear of the rich and poor.
Post by: BITCOIN4X on September 22, 2021, 06:16:44 PM
Fear of future economic civilization will only befall those who have no gratitude. Although fear is human nature that wants sufficiency and economic benefits in the future, but when there is gratitude, no matter how much and however economic the situation is, they will not feel deprived.
From an economic point of view, I strongly believe that investing is a recommended option as an effort to protect oneself from economic problems that may be worse in the future. It's up to us where we want to invest as long as it is profitable in the long term. If bitcoin is one that qualifies as a long term investment, why should we stand by and just look at it without making any investment plans on it.


Title: Re: Future economic fear of the rich and poor.
Post by: dothebeats on September 22, 2021, 06:18:15 PM
The poor have it harder IMO.

They never had the chance to get ready in a future that will further incapacitate them whereas the rich can create plans and explore options for themselves in order to prevent the worst to happen, or at least mitigate the damage the future may cause. The poor is in constant worry of what things would they be placing on their plate AND thinking of the future they have little to almost no control of, while the rich doesn't have to worry about what to eat for the next few months and still make preparations for the worst that is yet to come.

Those who have the financial power will always have it easier on their end, no matter the economic situation.


Title: Re: Future economic fear of the rich and poor.
Post by: romero121 on September 22, 2021, 07:35:27 PM
It is obvious to see the Poor's suffering to be realistic fear than the rich ones. Because, rich has already enjoyed the goodness of being rich and if he's good then there is nothing to fear of losing and ending as a poor. One in thousand turn from rich to poor and this mostly happens by situation and bad habits. When it comes to poor, the fear is real. The poor have already struggled for his living and when he thinks if the same continues it is more painful.

Whether it is rich or poor, do the best of the ability and then fear runs far from them.


Title: Re: Future economic fear of the rich and poor.
Post by: Shenzou on September 22, 2021, 08:41:02 PM
A discussion to express your views and perspectives on the future economic fear between two class of people in the society, the rich and the poor.

-I have often heard that there's an even greater fear with getting money, who do you think has more fear about the future?

(A) The Rich man who has tasted the good things of life and enjoying the best, now he has to face the fear of the possibility of suddenly loosing all he possesses and becoming poor? Or

(B) The poor man who has not enjoyed anything in life yet, just surviving and facing the fear of an unknown future, thinking if he is ever going to be in a better position or the suffering is going to continue?
Well obviously the poor are always going be afraid more the the rich people, because even if the rich people suffer some huge losses they will always be able to get by, because one would assume that they own a house and other things that poor people don't. and the poor if they get hit they get hit hard either they would have no money to eat and they would have to sell the house and live on the street.


Title: Re: Future economic fear of the rich and poor.
Post by: Smartvirus on September 22, 2021, 09:50:45 PM
There is more fear in being wealthy than being poverty stricken. Being poor comes with the idea of contentment about what uiuve got, your not exactly loosing anything and you've got hope to keep you going. Hopes that doesn't even relies on you alone @the poor guy I mean. The hope extends through the generation that, someone would arise someday and raise the family name but, for a rich man, its not the same.

A rich man only thinks of better and better. How much securities he or she could acquire and how to better secure them. A little drop in net worth becomes a very big issue as its a sign that your loosing and the rish hates to loose. Another fear always arose in 5he fact that, they don't wish to have a ward that would squander the whole thing, a long line of succession just laid waste by one uncultured child.

I feel a rich man has more fears than the poor onces. You don't wanna go back to a hard life ever!


Title: Re: Future economic fear of the rich and poor.
Post by: wxa7115 on September 22, 2021, 09:53:35 PM
A discussion to express your views and perspectives on the future economic fear between two class of people in the society, the rich and the poor.

-I have often heard that there's an even greater fear with getting money, who do you think has more fear about the future?

(A) The Rich man who has tasted the good things of life and enjoying the best, now he has to face the fear of the possibility of suddenly loosing all he possesses and becoming poor? Or

(B) The poor man who has not enjoyed anything in life yet, just surviving and facing the fear of an unknown future, thinking if he is ever going to be in a better position or the suffering is going to continue?
This is an easy question to answer, the poor is the one that is the most afraid of what is coming, the rich have options and time to analyze the situation, unless they got their money from their parents rich people are not like that out of sheer luck, they know what they are doing which means they can see the state of the economy and protect themselves by buying hard assets.

So when the economy crashes they have even more opportunities to make money, something that is not really well known is that during times of crisis more rich people are created as they can buy assets at ridiculously low prices as people are desperate to get some money in order to survive.

The poor do not have any of those options and as such they have to face the crisis completely unprepared for it, and if anything their conditions get even worse.


Title: Re: Future economic fear of the rich and poor.
Post by: jakdanyel on September 22, 2021, 09:55:12 PM
Poor people must be afraid of the future more than rich people because things will reach even a bigger level in the future. Rich people will become even more rich but poor people will continue to be even poorer especially in the underdeveloped and developing countries. And governments won't even care about this situation. This would lead even to an uprising in many countries then.


Title: Re: Future economic fear of the rich and poor.
Post by: Hypnosis00 on September 22, 2021, 10:31:58 PM
"POOR people become poorer while RICH people become richer" this is how we mostly picture out.

POOR people will not afraid of getting poor forever but these RICH people are worried about the situation where they lost all their money especially during this pandemic and if this going to spread for many years. That is why Rich people won't let those things happen to them and they need to find a way to survive and to protect their dignity which is very unlikely how poor people behaving. They are actually at work but they got easily satisfied with what they got unlike rich people where it is needed more and more, they become greedy.



Title: Re: Future economic fear of the rich and poor.
Post by: Oceat on September 22, 2021, 11:03:31 PM
Poor people must be afraid of the future more than rich people because things will reach even a bigger level in the future. Rich people will become even more rich but poor people will continue to be even poorer especially in the underdeveloped and developing countries. And governments won't even care about this situation. This would lead even to an uprising in many countries then.
If you say so but during this pandemic I don't think they can handle any more losses. Yes, that phrase as "poor people becoming poorer while rich people becoming richer" is too common to almost everyday but with this pandemic if this will continue for more than a year then what do you expect to the rich people who are living on a country where there's always a lockdown? Do you think they can still enjoy their wealth more than the others like how the poor people live their life? I think it depends on who has the strongest will to survive will always wins.


Title: Re: Future economic fear of the rich and poor.
Post by: Sithara007 on September 23, 2021, 03:50:09 AM
If you say so but during this pandemic I don't think they can handle any more losses. Yes, that phrase as "poor people becoming poorer while rich people becoming richer" is too common to almost everyday but with this pandemic if this will continue for more than a year then what do you expect to the rich people who are living on a country where there's always a lockdown? Do you think they can still enjoy their wealth more than the others like how the poor people live their life? I think it depends on who has the strongest will to survive will always wins.

In the United States, the top 1% of the population pays 40% of all the taxes. And trust me, if needed many of these people can just migrate to another country. For this group, the tax rates are already sky high, with the marginal tax rates approaching 60%. Now Biden regime wants to increase the capital gains tax to the same level. Do you really think that anyone would take the risk of investing in volatile assets, if there is a chance that 60% of their potential profits would go up as taxes? The left-leaning governments are just killing the goose that lays the golden eggs. By the time the population realizes this, it will be too late.


Title: Re: Future economic fear of the rich and poor.
Post by: enhu on September 23, 2021, 04:01:35 AM
If you say so but during this pandemic I don't think they can handle any more losses. Yes, that phrase as "poor people becoming poorer while rich people becoming richer" is too common to almost everyday but with this pandemic if this will continue for more than a year then what do you expect to the rich people who are living on a country where there's always a lockdown? Do you think they can still enjoy their wealth more than the others like how the poor people live their life? I think it depends on who has the strongest will to survive will always wins.

In the United States, the top 1% of the population pays 40% of all the taxes. And trust me, if needed many of these people can just migrate to another country. For this group, the tax rates are already sky high, with the marginal tax rates approaching 60%. Now Biden regime wants to increase the capital gains tax to the same level. Do you really think that anyone would take the risk of investing in volatile assets, if there is a chance that 60% of their potential profits would go up as taxes? The left-leaning governments are just killing the goose that lays the golden eggs. By the time the population realizes this, it will be too late.

The pandemic kills all the potential as to where rich and poor could go to enjoy. Even if they migrate somewhere, Pandemic is all around.

"poor people becoming poorer while rich people becoming richer" probably will not apply this time unless the rich really know where to put their investment to make more money. Did you know that the rich hypocrites are shouting so they could tax their rich enemies? I hope they don't exempt themselves.


Title: Re: Future economic fear of the rich and poor.
Post by: geegaw on September 23, 2021, 04:20:27 PM
I think poor people are more afraid about the future because they haven't found a way to solve the biggest problem in their life which is poverty. Rich people when they are poor know what to do because they have been through this problem before. most of the rich or successful people started their life from hardship or poverty.
This is not the ancient world, the earth still rotates and the legacy is stacked more for the new generations, so now the rich also no longer start from poverty to go up, their steps are more favorable thanks to the inheritance as well as the good education process, very few people can be proud and start a successful business without the help of their family. These people are only afraid of the ridicule and contempt of their family but their bloodline still receives protection while the poor are just victims of exploitation, they will suffer more when the economy is seriously ill.


Title: Re: Future economic fear of the rich and poor.
Post by: worldofcoins on September 23, 2021, 05:16:25 PM
Well indeed. The rich have the fear of losing everything but not every rich person has it.
If they have the knowledge of getting to where they currently belong then it's not hard for them to do them again if they go broke unless the thing they used to do isn't an option.

There is always new stuff that can help them.
But what's interesting is the poor have to rely on the ways that are available in the mainstream, at least most of them but the rich will have connections that will help them.


Title: Re: Future economic fear of the rich and poor.
Post by: uneng on September 23, 2021, 08:50:54 PM
A discussion to express your views and perspectives on the future economic fear between two class of people in the society, the rich and the poor.

-I have often heard that there's an even greater fear with getting money, who do you think has more fear about the future?

(A) The Rich man who has tasted the good things of life and enjoying the best, now he has to face the fear of the possibility of suddenly loosing all he possesses and becoming poor? Or

(B) The poor man who has not enjoyed anything in life yet, just surviving and facing the fear of an unknown future, thinking if he is ever going to be in a better position or the suffering is going to continue?
I'm sure the rich man has a greater fear about the future. The fear of losing what they have already achieved and the personal egocentry towards the high society are worse than the fear of not thriving financially during a lifetime for the average poor on his confort zone. The rich has too much to lose, so he will care much more about his finances, while the poor has nothing, so for him anything the future holds is acceptable. It's common to see people suiciding after going bankruptcy, while we rarely see people suiciding for being poor. There are exceptions in every cases, but basically these are the most common behaviors of riches and poors I observe.


Title: Re: Future economic fear of the rich and poor.
Post by: Shasha80 on September 23, 2021, 09:19:20 PM
Well indeed. The rich have the fear of losing everything but not every rich person has it.
If they have the knowledge of getting to where they currently belong then it's not hard for them to do them again if they go broke unless the thing they used to do isn't an option.

There is always new stuff that can help them.
But what's interesting is the poor have to rely on the ways that are available in the mainstream, at least most of them but the rich will have connections that will help them.

I also think that rich people who are used to living happily, because everything is fulfilled, will surely be frightened if they lose everything. Therefore they
will do anything to be able to maintain their wealth. If in the future the economy worsens I think the rich will panic more than the poor. Because poor
people are used to living hard, maybe the poor are better able to adapt to a deteriorating economy in the future. Unless like you say the rich has
knowledge and connections, it will really help them to get back their wealth if they go bankrupt. Actually every human being has the ability to survive
in any situation, so in the end it depends on how everyone thinks how to deal with the economy in the future.


Title: Re: Future economic fear of the rich and poor.
Post by: Viscore on September 23, 2021, 09:58:19 PM
Well indeed. The rich have the fear of losing everything but not every rich person has it.
If they have the knowledge of getting to where they currently belong then it's not hard for them to do them again if they go broke unless the thing they used to do isn't an option.

There is always new stuff that can help them.
But what's interesting is the poor have to rely on the ways that are available in the mainstream, at least most of them but the rich will have connections that will help them.

I also think that rich people who are used to living happily, because everything is fulfilled, will surely be frightened if they lose everything. Therefore they
will do anything to be able to maintain their wealth. If in the future the economy worsens I think the rich will panic more than the poor. Because poor
people are used to living hard, maybe the poor are better able to adapt to a deteriorating economy in the future. Unless like you say the rich has
knowledge and connections, it will really help them to get back their wealth if they go bankrupt. Actually every human being has the ability to survive
in any situation, so in the end it depends on how everyone thinks how to deal with the economy in the future.

It will be frightening for both rich and poor. But i can see there will be more struggles for the poor because even if they are used in living so hard, then it will be a lot harder in the next years. There will be more pains to gain. So the survival will be very hard for them.

However, for the rich ones, of course they still have the fears inside but i know it will be more manageable by them because they have a lot of resources to depend on. Even if we'll say that they might encounter losses in the future, i know they will be able to survive from it because they are more knowledgeable and even more resourceful.


Title: Re: Future economic fear of the rich and poor.
Post by: GubiMixa1292 on September 23, 2021, 10:19:55 PM
A discussion to express your views and perspectives on the future economic fear between two class of people in the society, the rich and the poor.

-I have often heard that there's an even greater fear with getting money, who do you think has more fear about the future?

(A) The Rich man who has tasted the good things of life and enjoying the best, now he has to face the fear of the possibility of suddenly loosing all he possesses and becoming poor? Or

(B) The poor man who has not enjoyed anything in life yet, just surviving and facing the fear of an unknown future, thinking if he is ever going to be in a better position or the suffering is going to continue?
In both cases, you are assuming that these two are lonely / with poor companionship. The rich are the first to know when a recession or economic crisis is coming. While other income brackets are not announced and are not known before every recession or crisis occurs. The poor - depends on how much he receives. He may or may not be educated to spend well, secure, to do something meaningful. We cannot conclude unilaterally that economic conditions from two opposite directions, between the poor and the rich, are all moving in the same direction with many different sectors and interests. It will be in different aspects and circumstances.


Title: Re: Future economic fear of the rich and poor.
Post by: Trouvaille on September 24, 2021, 02:14:38 AM

The poor are more afraid of the future. Although they live in poverty and are accustomed to this kind of life, when they suffer from economic problems, their poor life will become poorer.

Even if the rich suffer economic losses, they still have the funds and resources to sustain their lives. And they also have enough knowledge to find other ways to make money.


Title: Re: Future economic fear of the rich and poor.
Post by: Sithara007 on September 24, 2021, 03:55:36 AM
The pandemic kills all the potential as to where rich and poor could go to enjoy. Even if they migrate somewhere, Pandemic is all around.

"poor people becoming poorer while rich people becoming richer" probably will not apply this time unless the rich really know where to put their investment to make more money. Did you know that the rich hypocrites are shouting so they could tax their rich enemies? I hope they don't exempt themselves.

I have found that a great majority of those who shout "tax the rich" are hypocrites themselves. Take the case of Alexandria Ocasio-Cortez, who recently created some cheap publicity for herself by showing up with a gown with the "tax the rich" message on a $35,000 per ticket event.  For millionaires like AOC, the proposed tax increases are not going to have an impact on their net wealth, because the current tax structure is designed in a way for them to avoid paying taxes. "Tax the rich" is actually "spare the rich, and tax the middle class".


Title: Re: Future economic fear of the rich and poor.
Post by: EewardDean on September 24, 2021, 07:37:44 AM
A discussion to express your views and perspectives on the future economic fear between two class of people in the society, the rich and the poor.

-I have often heard that there's an even greater fear with getting money, who do you think has more fear about the future?

(A) The Rich man who has tasted the good things of life and enjoying the best, now he has to face the fear of the possibility of suddenly loosing all he possesses and becoming poor? Or

(B) The poor man who has not enjoyed anything in life yet, just surviving and facing the fear of an unknown future, thinking if he is ever going to be in a better position or the suffering is going to continue?
I think B is easier to accept, because I have heard a sentence that has deeply affected me. I could have tolerated the darkness if I hadn't seen the light.


Title: Re: Future economic fear of the rich and poor.
Post by: Mackenzie87 on September 24, 2021, 07:46:05 AM
A discussion to express your views and perspectives on the future economic fear between two class of people in the society, the rich and the poor.

-I have often heard that there's an even greater fear with getting money, who do you think has more fear about the future?

(A) The Rich man who has tasted the good things of life and enjoying the best, now he has to face the fear of the possibility of suddenly loosing all he possesses and becoming poor? Or

(B) The poor man who has not enjoyed anything in life yet, just surviving and facing the fear of an unknown future, thinking if he is ever going to be in a better position or the suffering is going to continue?
The fear of these two choices is the same. It can be said that some people will be hit by this kind of thing and can’t live their lives. His own ability to accept and withstand pressure.


Title: Re: Future economic fear of the rich and poor.
Post by: Maeve@ on September 24, 2021, 07:48:50 AM
Poverty and wealth are two extremes, both are a kind of fear of the unknown, but if I were to choose, I would rather start with a poor person with nothing, and my own things would become nothing. That would be a fatal blow, and I cannot accept it.  Everything that I have worked hard for has vanished, it is better to start with a little bit of hope for the future of the poor.


Title: Re: Future economic fear of the rich and poor.
Post by: Kasabus on September 24, 2021, 07:54:17 AM

The poor are more afraid of the future. Although they live in poverty and are accustomed to this kind of life, when they suffer from economic problems, their poor life will become poorer.

Even if the rich suffer economic losses, they still have the funds and resources to sustain their lives. And they also have enough knowledge to find other ways to make money.
That's also my point. The poor will have to suffer the most since they don't have any resources to sustain their needs for survival. Even if they are already accustomed to poverty, it will still be difficult for them to live and survive knowing they don't have nothing today to gain today and even in the future. So most likely, poor people will have to live a miserable life by then.

However, the rich will always have an edge over the other. For sure, they will also feel the same fear equally but the only difference is that they will still be able to find ways on how to combat the incoming economic problems. They all have the connections and they can simply take loans if things get worst for them. They may lose some assets but they are knowledgeable enough to regain them in time.


Title: Re: Future economic fear of the rich and poor.
Post by: King Khaizan on September 24, 2021, 08:16:31 AM
Rich people believe that destiny and fate can be changed with hard work and intelligence. If there is an unfavorable situation for them, then other conditions are created that allow them to develop and make a profit. They are not fixated on one field of work, but test their abilities in other fields through effort and careful calculation.

While poor people tend to wait for good luck or luck to come and surrender to fate. If they fail in one line of business, they are not brave enough to try other opportunities that they feel are foreign. Poor people prefer to wait until there is an opportunity that can advance the business they are engaged in.

So what the rich are afraid of is the emergence of a sense of laziness, complacency and playing in the safe zone.


Title: Re: Future economic fear of the rich and poor.
Post by: Expecto on September 24, 2021, 08:32:53 AM
Between the two options you have given, I choose B. Because the gap between the rich and the poor is continuing to open wider as time goes on. It is mostly seen in developing and underdeveloped countries. And we even witness this in developed countries too. But this is so wrong. Capitalism is not for the benefit of all people all the time. When it works like this, poor people are taking the biggest damage rather than the rich.


Title: Re: Future economic fear of the rich and poor.
Post by: jaberwock on September 24, 2021, 09:01:09 AM
A discussion to express your views and perspectives on the future economic fear between two class of people in the society, the rich and the poor.

-I have often heard that there's an even greater fear with getting money, who do you think has more fear about the future?

(A) The Rich man who has tasted the good things of life and enjoying the best, now he has to face the fear of the possibility of suddenly loosing all he possesses and becoming poor? Or

(B) The poor man who has not enjoyed anything in life yet, just surviving and facing the fear of an unknown future, thinking if he is ever going to be in a better position or the suffering is going to continue?
Everyone has their own fear, though not the same thing, but they all have fear. As a rich person your fear might be that you don’t want to lose your money and become poor, so you will try to avoid things that will cause your wealth to plummet. Imagine being rich and all of a sudden you have one problem due to mismanagement, and become poor? That’s going to be the worst thing that will happen to someone.

As for the poor people, they also have their own fear in life, which they have to tackle as well. The poor man also fear that they may remain poor for the rest of their life and they are trying to do something about it. All these fears can lead to people preying on one another to put themselves in a better position.


Title: Re: Future economic fear of the rich and poor.
Post by: alpamar99 on September 24, 2021, 10:16:47 AM

The poor are more afraid of the future. Although they live in poverty and are accustomed to this kind of life, when they suffer from economic problems, their poor life will become poorer.

Even if the rich suffer economic losses, they still have the funds and resources to sustain their lives. And they also have enough knowledge to find other ways to make money.
actually rather than being more afraid of the future I think poor people don't think that far, they are more concerned about how tomorrow can live and eat than thinking about the future will be poor or not.
In fact, they are indirectly forced to survive in this situation. even though they don't want to do that but like it or not they have to be like that because otherwise they might find it difficult to navigate life.
but on the other hand when they can get out of the zone they will be mentally stronger because they have been trained for it.


Title: Re: Future economic fear of the rich and poor.
Post by: Wong Gendheng on September 24, 2021, 10:45:11 AM
Between the two options you have given, I choose B. Because the gap between the rich and the poor is continuing to open wider as time goes on. It is mostly seen in developing and underdeveloped countries. And we even witness this in developed countries too. But this is so wrong. Capitalism is not for the benefit of all people all the time. When it works like this, poor people are taking the biggest damage rather than the rich.

The economic gap between rich and poor in my country is very far, the richest people can live comfortably and do various things, for example to monopolize land ownership, so that they will continue to be rich, while the poor are difficult to rise up because of various regulations, for example it is difficult to get capital because they have no guarantees.


Title: Re: Future economic fear of the rich and poor.
Post by: Cindella on September 25, 2021, 07:58:06 AM
The rich have many ways to overcome difficulties. They can create conditions to profit in many areas by working hard to make plans.
The poor do not have superior conditions. Economic changes will aggravate their survival risks, and economic conditions will become more difficult.


Title: Re: Future economic fear of the rich and poor.
Post by: 19Nov16 on September 25, 2021, 01:17:31 PM
The rich have many ways to overcome difficulties. They can create conditions to profit in many areas by working hard to make plans.
The poor do not have superior conditions. Economic changes will aggravate their survival risks, and economic conditions will become more difficult.

With money, of course, it is easier for rich people to add wealth, they certainly have experience to continue to maintain wealth. Rich people certainly play a lot in making the economy better. especially now that there are many profitable investment options that make it easier to earn even though the world economic conditions are down.


Title: Re: Future economic fear of the rich and poor.
Post by: merchantofzeny on September 25, 2021, 01:49:15 PM
I think the rich have more to fear for the future since losing the game could mean a drastic change in their lifestyle. Luckily for them, they are also better equipped for handling such situations. Many are financially literate from a young age and has probably worked in the family business and have a network from college and other social circles they've been in.

For us poorer folks, it's really just going day to day without much sudden change.

I'm sure the rich man has a greater fear about the future. The fear of losing what they have already achieved and the personal egocentry towards the high society are worse than the fear of not thriving financially during a lifetime for the average poor on his confort zone. The rich has too much to lose, so he will care much more about his finances, while the poor has nothing, so for him anything the future holds is acceptable. It's common to see people suiciding after going bankruptcy, while we rarely see people suiciding for being poor. There are exceptions in every cases, but basically these are the most common behaviors of riches and poors I observe.

Can't argue about the suicide but I think that was more because of the stigma in that social circle of getting bumped down several tiers. The poor might be ridiculed by those on top but not by their peers since they're all at the bottom anyway. For those on top though, some just can't get handle the humiliation.


Title: Re: Future economic fear of the rich and poor.
Post by: perfect999 on September 25, 2021, 04:01:29 PM
The economic gap between rich and poor in my country is very far, the richest people can live comfortably and do various things, for example to monopolize land ownership, so that they will continue to be rich, while the poor are difficult to rise up because of various regulations, for example it is difficult to get capital because they have no guarantees.
Currently, this is not issue of one country or region it's happening around the globe because we have no measurement for this rich is going more and poor is going more poor because of this system which is completely monopolized by powerful peoples those are clearly favoring rich peoples and have personal incentives.

When we talk about economy then both rich and poor talk about their own concerns even many times rich feel more burdened instead of poor because they have fear not to come poor in future, so they think more and use more brain, and they suffer more when economy is ill.


Title: Re: Future economic fear of the rich and poor.
Post by: FastestTortoise on September 25, 2021, 04:30:18 PM
Well, I think, there's no limit to our greed for money and status so it doesn't matter weather if someone is already rich or if someone is poor, the rich will always dream to be richer, technically, there's no regret for losing the wealth in them I assume, until they become very old ;D then, they start to fear and regret of losing all their fortunes since the grave will be as same to them as to a poor! A poor man might not have the luxury of this world but he will have very less regret and hell lots of less pain as he won't have much to attach with emotionally when it comes to leaving the earth :)


Title: Re: Future economic fear of the rich and poor.
Post by: verita1 on September 25, 2021, 06:06:56 PM
There will be rich people who become poorer in this time of pandemic. Let's imagine for a moment the businesses where shows are created with the crowd that is the main source of income, such as the tourism sector, airlines, etc.

While the poor will remain poor and even more so because of the lack of employment.
We are about to witness the birth of a post-pandemic time that will demonstrate the new way of doing business with digital technology where new sources of income, and work will be created.
As the popular saying in our community: Bitcoin fixes it!


Title: Re: Future economic fear of the rich and poor.
Post by: sukmo on September 25, 2021, 06:44:57 PM
A discussion to express your views and perspectives on the future economic fear between two class of people in the society, the rich and the poor.

-I have often heard that there's an even greater fear with getting money, who do you think has more fear about the future?

(A) The Rich man who has tasted the good things of life and enjoying the best, now he has to face the fear of the possibility of suddenly loosing all he possesses and becoming poor? Or

(B) The poor man who has not enjoyed anything in life yet, just surviving and facing the fear of an unknown future, thinking if he is ever going to be in a better position or the suffering is going to continue?
Actually, everyone will certainly get a chance to live a good life and also experience the trials of problems in their lives.
But it all depends on each person in dealing with it.
If the rich are afraid of poverty it is natural and of course they will find a solution so that the worry does not occur.
But if the poor worry that their future will not change and they do not try to find a solution, this is one example of a man who has no hope and only lives in fear that increasingly makes him poorer and living full of suffering.
I believe such fears are just an obstacle that must be overcome in order to achieve success in the future.


Title: Re: Future economic fear of the rich and poor.
Post by: fullhdpixel on September 25, 2021, 07:41:03 PM
The economic gap between rich and poor in my country is very far, the richest people can live comfortably and do various things, for example to monopolize land ownership, so that they will continue to be rich, while the poor are difficult to rise up because of various regulations, for example it is difficult to get capital because they have no guarantees.
That is true for almost every single nation. Even in USA there are people who are so rich that, they do not really need that excess amount and just using it like a leaderboard thing in a game. Seriously Jeff Bezos was worth like 200 billion dollars or something last I checked and he doesn't need nearly any of it to be considered rich, 100 million and you are done, what can you do with 200 billion dollars that you can't with 100 million dollars? Maybe not go to space but that is about it.

Median salary was like 60k but let's assume it was 100k, that means you need to work 2 million years for the same salary in order to reach his wealth, 2 million years! Rich are way too rich in every nation and poor are very poor. As long as we do not create a world where rich are taxed according to their income and use that to help the poor regions to help them get better, then we will keep on failing.


Title: Re: Future economic fear of the rich and poor.
Post by: Ryder Kudrow on September 26, 2021, 06:04:27 AM
The poor are more afraid of the future. They live in poverty and lack knowledge, education and funds, and it is difficult for them to find other ways to change the current situation.
The rich will observe market changes and take action for future opportunities. They can use various resources and superior conditions to find opportunities for investment and profitability.


Title: Re: Future economic fear of the rich and poor.
Post by: Wendy Simth on September 26, 2021, 06:57:26 AM
Maybe the poor will not be afraid and have no time to be afraid. Just to survive has exhausted all its strength. The rich are afraid of losing wealth, while the poor may lose life.


Title: Re: Future economic fear of the rich and poor.
Post by: patientforzhou on September 26, 2021, 07:35:13 AM
There is no doubt that the rich will lose more wealth in the face of an economic crisis. For the rich, they may face bankruptcy or reduce their quality of life. But these people often control their own industries or companies. Compared to them, the unemployed poor are even more miserable.

In fact, for most people, owning their own lives is more joyful than assuming wealth.


Title: Re: Future economic fear of the rich and poor.
Post by: Shasha80 on September 26, 2021, 11:28:22 AM
It will be frightening for both rich and poor. But i can see there will be more struggles for the poor because even if they are used in living so hard, then it will be a lot harder in the next years. There will be more pains to gain. So the survival will be very hard for them.

However, for the rich ones, of course they still have the fears inside but i know it will be more manageable by them because they have a lot of resources to depend on. Even if we'll say that they might encounter losses in the future, i know they will be able to survive from it because they are more knowledgeable and even more resourceful.

What you're saying is quite reasonable, although a bad economy in the future is scary for rich and poor. But the poor will certainly struggle
much harder, because they will face an increasingly difficult life if the economy worsens in the future. Therefore, the government's focus in
the event of an economic crisis will be to provide assistance to the poor. Because the poor deserve to be given immediate assistance in the event of
an economic crisis. In contrast to the rich who still have a lot of resources to survive from economic crisis that occurred. So maybe rich people
will panic more because their wealth is drastically reduced, but the difficulties that the rich face are not as severe as those that the poor have to face.


Title: Re: Future economic fear of the rich and poor.
Post by: bryant.coleman on September 26, 2021, 01:21:34 PM
Maybe the poor will not be afraid and have no time to be afraid. Just to survive has exhausted all its strength. The rich are afraid of losing wealth, while the poor may lose life.

What is the chance that a billionaire may lose all of his wealth? Such people may be having assets spread out in dozens of countries, and the investment portfolio will be diversified. The worst possible scenario may be a 80% or 90% reduction in wealth, but it can't get any worse than that. But for the middle class that is not the case. Their portfolio is not diversified. Remember what happened during the disintegration of the USSR? A lot of people suddenly lost all of their savings, because hyperinflation destroyed their pension funds.


Title: Re: Future economic fear of the rich and poor.
Post by: sana54210 on September 26, 2021, 06:46:02 PM
There is no doubt that the rich will lose more wealth in the face of an economic crisis. For the rich, they may face bankruptcy or reduce their quality of life. But these people often control their own industries or companies. Compared to them, the unemployed poor are even more miserable.

In fact, for most people, owning their own lives is more joyful than assuming wealth.
They would lose a lot of money comparatively speaking, but their life would not change. If Jeff Bezos loses 50% of his networth overnight, that would still not be something huge for him, it would basically be the same life he is living right now and nothing would change for him.

This is why they are not really caring about how risky their moves are, all those wall street bankers are making insane moves that are super risky not only because they know that it could make them money, but they also know that if they are wrong then their regular life would not be impacted. They would still live in a great house, they would still have staff in their houses, they would still be able to send their kids to best colleges, and so forth basically living however they are living right now. That is why they would lose more wealth then we do, but their wealth is so vast that even after losing it, they would not be really doing anything bad.


Title: Re: Future economic fear of the rich and poor.
Post by: South Park on September 26, 2021, 06:57:18 PM
There will be rich people who become poorer in this time of pandemic. Let's imagine for a moment the businesses where shows are created with the crowd that is the main source of income, such as the tourism sector, airlines, etc.

While the poor will remain poor and even more so because of the lack of employment.
We are about to witness the birth of a post-pandemic time that will demonstrate the new way of doing business with digital technology where new sources of income, and work will be created.
As the popular saying in our community: Bitcoin fixes it!
It is true there are going to be many that are rich that will lose their statues due to the crisis that is coming but the poor will not stay at the same level either, they will get even more poor, if they are having problems surviving now things are going to get even harder in the future, after all not only an economic crisis is coming we also now have the issue that computers and AI can take away a great deal of jobs that before could only be performed by humans, and this will make the crisis even worse.


Title: Re: Future economic fear of the rich and poor.
Post by: Bollexz1 on September 26, 2021, 10:11:41 PM
I think option A. It's such a bad omen for a Rich man to lose all he's worked for and go back to being poor again. Matter of fact, majority of people that this happened to die of untimely death because their body system couldn't adapt the poverty heat any longer.


Title: Re: Future economic fear of the rich and poor.
Post by: Rajamuda on September 27, 2021, 01:48:18 AM
Life is not only with one, two steps, of course people have many steps to respond to many things in this world, especially in responding to economic conditions. With the advancement of technology development and many things related to it.. I think over time rich or poor people will be able to adapt to new things. Although it depends on ability.. but I'm sure there will always be a way for people who want to try, it doesn't matter whether they are rich or poor. Those who fail to face the future economy are only for lazy people, who lack the effort they puts in and do not want to know many new things or new attempts to earn money from various efforts that can be done.


Title: Re: Future economic fear of the rich and poor.
Post by: Marcorey on September 27, 2021, 02:30:17 AM

Even if the rich lose part of their assets, their lives will still be good. And they will have enough experience to seek profit opportunities and the chances of success will be great.

The poor will become more fearful and make their lives poorer. Their survival risk will also increase.


Title: Re: Future economic fear of the rich and poor.
Post by: LUCKMCFLY on September 27, 2021, 03:04:30 AM
A discussion to express your views and perspectives on the future economic fear between two class of people in the society, the rich and the poor.

-I have often heard that there's an even greater fear with getting money, who do you think has more fear about the future?

(A) The Rich man who has tasted the good things of life and enjoying the best, now he has to face the fear of the possibility of suddenly loosing all he possesses and becoming poor? Or

(B) The poor man who has not enjoyed anything in life yet, just surviving and facing the fear of an unknown future, thinking if he is ever going to be in a better position or the suffering is going to continue?

I think that the rich man will always have that "panic", because he is used to the fact that many things in life are solved with money, while he looks for ways to be able to invest his money to continue making profits, I have many friends who have companies that are very prosperous and their restlessness causes them to have many health problems, because their main concern is to stop obtaining their earnings for which they have a higher status than the normal average of people, that is why they have that "panic", some They have chosen to close their doors because they run out of income to pay payroll, and they prefer to protect their money to be able to take action in times that see better, or simply open operations with few operators.

In the case of the poor, or people who have less economic possibilities, when they become rich, it is likely that they will not make the correct investments, but rather everything will become expenses, that is, they will not worry about increasing their wealth but about spend it, and it is logical, of course there are exceptions that make a difference and worry about increasing your income.


Title: Re: Future economic fear of the rich and poor.
Post by: wxa7115 on September 30, 2021, 09:30:13 PM
Well indeed. The rich have the fear of losing everything but not every rich person has it.
If they have the knowledge of getting to where they currently belong then it's not hard for them to do them again if they go broke unless the thing they used to do isn't an option.

There is always new stuff that can help them.
But what's interesting is the poor have to rely on the ways that are available in the mainstream, at least most of them but the rich will have connections that will help them.
When people think of the rich most of the time they think of those that have been that way for generations, but the truth is that 80% of those that are rich are new rich, basically people that got that way during their lives and did so with their effort and by taking the right decisions.

Those people have nothing to fear and if anything they are the ones that stand to gain the most out of the crisis that is coming, after all when a huge crisis comes and no one has cash available everyone begins to sell their assets, and when the supply increases while the demand lowers the price of everything crashes so the rich have the opportunity of their life and can buy anything they want at very low prices.


Title: Re: Future economic fear of the rich and poor.
Post by: xSkylarx on October 01, 2021, 02:23:41 AM

Even if the rich lose part of their assets, their lives will still be good. And they will have enough experience to seek profit opportunities and the chances of success will be great.

The poor will become more fearful and make their lives poorer. Their survival risk will also increase.

Agreed, because in the poor one, it would be do or die. We all know that if we invest as poor people, we will think four times because if we lose this money, we will have nothing to do but cry. Rich people, on the other hand, have extra money to cover their losses, but the lesson is that if you take a risk, you can get the gold; imagine those successful and wealthy people who were at the bottom at first, but risked everything to get to the top, and now you can see them in good shape; it is better to risk than never.


Title: Re: Future economic fear of the rich and poor.
Post by: Sithara007 on October 01, 2021, 03:50:26 AM
Agreed, because in the poor one, it would be do or die. We all know that if we invest as poor people, we will think four times because if we lose this money, we will have nothing to do but cry. Rich people, on the other hand, have extra money to cover their losses, but the lesson is that if you take a risk, you can get the gold; imagine those successful and wealthy people who were at the bottom at first, but risked everything to get to the top, and now you can see them in good shape; it is better to risk than never.

Not all of the rich people got in to that position because they took risk. There are some who inherited their wealth. Then there are a few who got their wealth through unethical means (such as bribes, crimes.etc). But I agree that a large chunk of them are rich, because they took the risk at an early stage of their life. But that doesn't necessarily mean that whomever taking the risk will get rich. Look at the state of ICOs now. The success rate has dipped below 5%. And that doesn't mean that if you invest in 20 projects, you will get one successful project. For some people, it may be 0 out of 20. For some others, it may be 2-3 out of 20. In the end, luck also matters.


Title: Re: Future economic fear of the rich and poor.
Post by: killerfrost on October 01, 2021, 04:52:28 AM
A discussion to express your views and perspectives on the future economic fear between two class of people in the society, the rich and the poor.

-I have often heard that there's an even greater fear with getting money, who do you think has more fear about the future?

(A) The Rich man who has tasted the good things of life and enjoying the best, now he has to face the fear of the possibility of suddenly loosing all he possesses and becoming poor? Or

(B) The poor man who has not enjoyed anything in life yet, just surviving and facing the fear of an unknown future, thinking if he is ever going to be in a better position or the suffering is going to continue?
But negative thinking will not make their life better. No need to distinguish between rich and poor, just care about the criteria of self-satisfaction with life, I think we will have a better perspective on this issue. In other words, we just need to aim for the good things in life and do it, the rich and the poor also need to exist, they all have their own destiny.


Title: Re: Future economic fear of the rich and poor.
Post by: SacriFries11 on October 01, 2021, 01:36:20 PM
I think that both have the same degree of fear, it's just that they've come from a different social strata so we see them a bit different but I think they're practically the same but in a different situation.
Yes I think that is true because if you were rich, you don't want to become poor because the things that you used to do, things you used to buy, the ease of life will never be the same again. On the other hand, as poor you want to become rich to ease the burden of life, to buy whatever you want and have your dream life. But whatever our status is, to be able overcome the fear as early now I think we need to take actions. Save money, buy asset (big or small) because after all prevention is better than cure.


Title: Re: Future economic fear of the rich and poor.
Post by: TheGreatPython on October 01, 2021, 08:25:23 PM
A discussion to express your views and perspectives on the future economic fear between two class of people in the society, the rich and the poor.

-I have often heard that there's an even greater fear with getting money, who do you think has more fear about the future?

(A) The Rich man who has tasted the good things of life and enjoying the best, now he has to face the fear of the possibility of suddenly loosing all he possesses and becoming poor? Or

(B) The poor man who has not enjoyed anything in life yet, just surviving and facing the fear of an unknown future, thinking if he is ever going to be in a better position or the suffering is going to continue?
But negative thinking will not make their life better. No need to distinguish between rich and poor, just care about the criteria of self-satisfaction with life, I think we will have a better perspective on this issue. In other words, we just need to aim for the good things in life and do it, the rich and the poor also need to exist, they all have their own destiny.
Poor or rich both living in fear because currently we have serious uncertainty around the world energy crises and many other issues rising and many countries facing some serious troubles through food and many other usable things which are not available or have very significantly price rise.

Currently, rich want to live as rich as now he didn't want to go down and have issues again like which hurt on daily basis and poor is already trying to survive because now things are not going better for his survive many sleeping on roads and trying to have some food which is waste boxes because it's not in reach of them and this all uncertainty is not going to end in near future.


Title: Re: Future economic fear of the rich and poor.
Post by: shield132 on October 01, 2021, 10:35:57 PM
A discussion to express your views and perspectives on the future economic fear between two class of people in the society, the rich and the poor.

-I have often heard that there's an even greater fear with getting money, who do you think has more fear about the future?

(A) The Rich man who has tasted the good things of life and enjoying the best, now he has to face the fear of the possibility of suddenly loosing all he possesses and becoming poor? Or

(B) The poor man who has not enjoyed anything in life yet, just surviving and facing the fear of an unknown future, thinking if he is ever going to be in a better position or the suffering is going to continue?
The more fear about the future has A person. But after all, everything depends on the person, the one who has no knowledge and somehow luckily get rich by winning jackpot or by some crime activities but isn't confident/strong, etc, then these kind of persons have fear of future but those with knowledge, great education, connections, etc, don't care!

And B, these kind of people are usually one of the most successful ones. When you have nothing in life but want everything and do everything to achieve your goals and dreams, you are becoming stronger on each step of life. Good examples of B persons are Lionel Messi, Christiano Ronaldo, Alexis Sanchez, Pele and others.


Title: Re: Future economic fear of the rich and poor.
Post by: AndySt on October 01, 2021, 11:59:37 PM
A discussion to express your views and perspectives on the future economic fear between two class of people in the society, the rich and the poor.

-I have often heard that there's an even greater fear with getting money, who do you think has more fear about the future?

(A) The Rich man who has tasted the good things of life and enjoying the best, now he has to face the fear of the possibility of suddenly loosing all he possesses and becoming poor? Or

(B) The poor man who has not enjoyed anything in life yet, just surviving and facing the fear of an unknown future, thinking if he is ever going to be in a better position or the suffering is going to continue?
But negative thinking will not make their life better. No need to distinguish between rich and poor, just care about the criteria of self-satisfaction with life, I think we will have a better perspective on this issue. In other words, we just need to aim for the good things in life and do it, the rich and the poor also need to exist, they all have their own destiny.
Poor or rich both living in fear because currently we have serious uncertainty around the world energy crises and many other issues rising and many countries facing some serious troubles through food and many other usable things which are not available or have very significantly price rise.
Currently, rich want to live as rich as now he didn't want to go down and have issues again like which hurt on daily basis and poor is already trying to survive because now things are not going better for his survive many sleeping on roads and trying to have some food which is waste boxes because it's not in reach of them and this all uncertainty is not going to end in near future.
Here a lot depends on the specific attitude of each individual. In any case, it seems that poor people for the most part still feel worse, because unlike rich people who can lose income, poor people risk losing income altogether, which can put them on the brink of survival altogether. Therefore, putting the fears and experiences of poor and rich people on the same level is not entirely correct and losing everything from rich and poor has a different meaning. In any case, the already rather prolonged pandemic does not allow us to clarify the future and only contributes to the growth of such fears again, although it seemed some time ago that it would still be better behind and on.


Title: Re: Future economic fear of the rich and poor.
Post by: Sanugarid on October 02, 2021, 04:15:17 AM
A discussion to express your views and perspectives on the future economic fear between two class of people in the society, the rich and the poor.

-I have often heard that there's an even greater fear with getting money, who do you think has more fear about the future?

(A) The Rich man who has tasted the good things of life and enjoying the best, now he has to face the fear of the possibility of suddenly loosing all he possesses and becoming poor? Or

(B) The poor man who has not enjoyed anything in life yet, just surviving and facing the fear of an unknown future, thinking if he is ever going to be in a better position or the suffering is going to continue?

Everyone is greatly affected by poor economic condition, it doesn't really matter whether you're poor/rich when both living in the same society which has bad economy. We're uncertain to what future we're going to have but one thing is certain, that is both A and B fears what economic condition would be in the future.


Title: Re: Future economic fear of the rich and poor.
Post by: Jawadu on October 02, 2021, 04:28:30 AM
A discussion to express your views and perspectives on the future economic fear between two class of people in the society, the rich and the poor.

-I have often heard that there's an even greater fear with getting money, who do you think has more fear about the future?

(A) The Rich man who has tasted the good things of life and enjoying the best, now he has to face the fear of the possibility of suddenly loosing all he possesses and becoming poor? Or

(B) The poor man who has not enjoyed anything in life yet, just surviving and facing the fear of an unknown future, thinking if he is ever going to be in a better position or the suffering is going to continue?
I think both of them have fear for their future because every side has its challenges!

A rich person may not only fear becoming poor in the future but also fear being robbed and sometimes even getting killed by jealous people who are lazy to find their own things!

Also, a poor person has a lot of fear because sometimes they feel like quitting when they try with all their power but they keep losing, sometimes they can't afford even $5 to buy food for their families so they fear how they'll survive even for the next 24 hours!


Title: Re: Future economic fear of the rich and poor.
Post by: killerfrost on October 02, 2021, 08:18:00 AM
But negative thinking will not make their life better. No need to distinguish between rich and poor, just care about the criteria of self-satisfaction with life, I think we will have a better perspective on this issue. In other words, we just need to aim for the good things in life and do it, the rich and the poor also need to exist, they all have their own destiny.
Poor or rich both living in fear because currently we have serious uncertainty around the world energy crises and many other issues rising and many countries facing some serious troubles through food and many other usable things which are not available or have very significantly price rise.
Currently, rich want to live as rich as now he didn't want to go down and have issues again like which hurt on daily basis and poor is already trying to survive because now things are not going better for his survive many sleeping on roads and trying to have some food which is waste boxes because it's not in reach of them and this all uncertainty is not going to end in near future.
Here a lot depends on the specific attitude of each individual. In any case, it seems that poor people for the most part still feel worse, because unlike rich people who can lose income, poor people risk losing income altogether, which can put them on the brink of survival altogether. Therefore, putting the fears and experiences of poor and rich people on the same level is not entirely correct and losing everything from rich and poor has a different meaning. In any case, the already rather prolonged pandemic does not allow us to clarify the future and only contributes to the growth of such fears again, although it seemed some time ago that it would still be better behind and on.
Simply, when one's mind wanders around just thinking about survival, it's hard for people to talk about big things like creation, development, research, etc.
If you want to take care of people, you have to take care of the issues they fear first. I find that our fear is more than their fault, perhaps life is too complicated with many problems and we will always need to solve them to satisfy ourselves.


Title: Re: Future economic fear of the rich and poor.
Post by: Spack17 on October 02, 2021, 09:25:00 AM
The rich shouldn't be afraid of the future. Because in the current order, the rich are always getting richer day by day. But we don't see the same thing for the people in need. They get poorer in especially underdeveloped and developing countries because of high inflation. This is not fair of course. The poor should also be able to get in a better condition in time. So, they are the people who should be anxious about the future.


Title: Re: Future economic fear of the rich and poor.
Post by: SquallLeonhart on October 02, 2021, 07:09:08 PM
Agreed, because in the poor one, it would be do or die. We all know that if we invest as poor people, we will think four times because if we lose this money, we will have nothing to do but cry. Rich people, on the other hand, have extra money to cover their losses, but the lesson is that if you take a risk, you can get the gold; imagine those successful and wealthy people who were at the bottom at first, but risked everything to get to the top, and now you can see them in good shape; it is better to risk than never.
Not all of the rich people got in to that position because they took risk. There are some who inherited their wealth. Then there are a few who got their wealth through unethical means (such as bribes, crimes.etc). But I agree that a large chunk of them are rich, because they took the risk at an early stage of their life. But that doesn't necessarily mean that whomever taking the risk will get rich. Look at the state of ICOs now. The success rate has dipped below 5%. And that doesn't mean that if you invest in 20 projects, you will get one successful project. For some people, it may be 0 out of 20. For some others, it may be 2-3 out of 20. In the end, luck also matters.
Nearly all of them inherited money or power or just took it when they are alive. The ones that inherited because their parents died are the ones we all know, I am not going to talk about them because we all know them. However people like warren buffet, Elon Musk, Jeff Bezos, bill gates and the likes all came from very very wealthy families, they were both paid to survive without going bankrupt by their families, and they were also given networking chances by the families as well, since their family were rich and wealthy that meant even their friends were rich and wealthy and some of them were even better off, so that means with a phone call these people got investors.

Warren Buffet is known as a great investor, and yes he is one that's true there is no denying that, but he started as a senators son who got investors left and right in a period when it was hard to find investors for even big companies. So, let's not act as if anyone was dirt poor and then became a super rich person, those are very rare.


Title: Re: Future economic fear of the rich and poor.
Post by: fuguebtc on October 02, 2021, 09:30:53 PM
I think that those who have enough money or even more than they need are not the ones who should feel more afraid, because their position is much more favorable than those of what we might call poor. , although here we can't just refer to people at the bottom of society, but also to people with average lives. Rich and poor it has two classes and very different thinking although many For example, the daily expenses of the rich they do not need to worry about, but about the poor, all the money they earn is enough to cover their lives and the poor they are very afraid of losing money because those are the the only money they earn.


Title: Re: Future economic fear of the rich and poor.
Post by: tippytoes on October 02, 2021, 09:37:24 PM
I think that those who have enough money or even more than they need are not the ones who should feel more afraid, because their position is much more favorable than those of what we might call poor. , although here we can't just refer to people at the bottom of society, but also to people with average lives. Rich and poor it has two classes and very different thinking although many For example, the daily expenses of the rich they do not need to worry about, but about the poor, all the money they earn is enough to cover their lives and the poor they are very afraid of losing money because those are the the only money they earn.

In short, they have different degree when it comes to worrying their respective lives. But I think those who grow poor vs those who grow rich have different approach in life. For those who grow rich, once they encounter problems in life, it would be very hard for them to battle it, whereas, those who grow poor will have much better approach as they already knew that kind of life. It is a matter of how they manage their situation given these circumstances and how they surpass this bottleneck.


Title: Re: Future economic fear of the rich and poor.
Post by: markdario112616 on October 03, 2021, 12:12:41 AM
I think that those who have enough money or even more than they need are not the ones who should feel more afraid, because their position is much more favorable than those of what we might call poor. , although here we can't just refer to people at the bottom of society, but also to people with average lives. Rich and poor it has two classes and very different thinking although many For example, the daily expenses of the rich they do not need to worry about, but about the poor, all the money they earn is enough to cover their lives and the poor they are very afraid of losing money because those are the the only money they earn.

In short, they have different degree when it comes to worrying their respective lives. But I think those who grow poor vs those who grow rich have different approach in life. For those who grow rich, once they encounter problems in life, it would be very hard for them to battle it, whereas, those who grow poor will have much better approach as they already knew that kind of life. It is a matter of how they manage their situation given these circumstances and how they surpass this bottleneck.

Yep, I'd agree, Money revolves around these rich people. To the point, wherein when money became their problem they started to break down and to feel being disregarded by other rich people or by their own society. On the other hand, when poor people have managed to be successful there are 2 possible ways they could go. 1st is to go on a one-time bigtime lifestyle (this is quite common to those who've won a lottery or a jackpot) since they were born and live as poor, they tend to spend money to live like how they wish it were but to the point that they have no control. 2nd is those poor people who are somehow educated enough to still spend what is only needed or re-invest for them to grow it more.

So yeah, we all have different walks in life, our own perspective and everything. But at the end of the day, we all have problems, battles that we need to try conquering, to try winning it and to fight as much as possible. But we must accept that some battles we have are worth not fighting for if we know and feel that we can badly hurt ourselves, those people around us and our love ones.


Title: Re: Future economic fear of the rich and poor.
Post by: SquallLeonhart on October 03, 2021, 01:53:30 PM
The rich man has always had the advantage for this, even though they have a huge amount of money, they have still some investment and saving money that they can use to start again, If they have made their life rich then I think they can do it as well as long as they have still savings.

I am not agree with those poor people who keep on saying that they are contented with the things they already have and they are still happy, the truth is there is still a big hope for them to get rich and they sometimes feel sad whenever they cannot afford thing they want.
Also the money they have for investment is different from the money they use for living. So, a rich person could keep on living like a rich person because they saved maybe 100 million dollars aside and do not touch it, that is their base and they just use it with care, rest of the money could be going to crazy stuff and that is why they can do all kinds of investments without a worry, it could go down as much as 50% and they would not bat an eye, why? Because, they are not doing it with their living money.

I could save as much as 20k dollars, that is what I am hoping to achieve with my investments, but if that goes down 50% then I would still be scared, it is not money I use for my life but it is what I need to make my life better, and I am not at a level where I can live with it, I need my salary to live, in order to reach to whale levels, I need to be able to not work at all, not have any income from my job, and still have enough money aside to live comfortably forever.


Title: Re: Future economic fear of the rich and poor.
Post by: Kodok Bencot on October 03, 2021, 02:07:55 PM
Economic problems are getting more complicated, the gap between rich and poor is getting farther and farther, in my country there are people who are rich enough to not finish for 10 generations, but not far from their house there is an ugly house so it is very difficult to eat every day. this is a big problem that the economic gap is too wide between the rich and the poor.


Title: Re: Future economic fear of the rich and poor.
Post by: Sithara007 on October 04, 2021, 03:05:20 AM
Nearly all of them inherited money or power or just took it when they are alive. The ones that inherited because their parents died are the ones we all know, I am not going to talk about them because we all know them. However people like warren buffet, Elon Musk, Jeff Bezos, bill gates and the likes all came from very very wealthy families, they were both paid to survive without going bankrupt by their families, and they were also given networking chances by the families as well, since their family were rich and wealthy that meant even their friends were rich and wealthy and some of them were even better off, so that means with a phone call these people got investors.

Warren Buffet is known as a great investor, and yes he is one that's true there is no denying that, but he started as a senators son who got investors left and right in a period when it was hard to find investors for even big companies. So, let's not act as if anyone was dirt poor and then became a super rich person, those are very rare.

Well.. I don't want to deny any of that. Most of the people you have listed out were already in the rich, or at least the upper middle class background even before they became millionaires. Take the case of Mark Zuckerberg for example. His parents were rich and therefore they could afford to send him to the Harvard University. If he was in some lesser known college, then there is a smaller chance that he would have come up with something like Facebook. The same goes to Elon Musk. He was able to immigrate to Canada first (through his mother) and then he managed to enroll himself in the University of Pennsylvania.


Title: Re: Future economic fear of the rich and poor.
Post by: Kong Hey Pakboy on October 04, 2021, 03:18:15 AM
Economic problems are getting more complicated, the gap between rich and poor is getting farther and farther, in my country there are people who are rich enough to not finish for 10 generations, but not far from their house there is an ugly house so it is very difficult to eat every day. this is a big problem that the economic gap is too wide between the rich and the poor.
If we continue as a meek and passive population, the powerful few will continue to exploit us no matter what, the best thing that we have to do right now is for us to unite as people and elect the right people in power and dismantle the regime that exploits each country, the best thing to do would be a revolution or killing the elite who is proven to exploit people for profit.


Title: Re: Future economic fear of the rich and poor.
Post by: Natalim on October 04, 2021, 08:19:00 AM
Economic problems are getting more complicated, the gap between rich and poor is getting farther and farther, in my country there are people who are rich enough to not finish for 10 generations, but not far from their house there is an ugly house so it is very difficult to eat every day. this is a big problem that the economic gap is too wide between the rich and the poor.
If we continue as a meek and passive population, the powerful few will continue to exploit us no matter what, the best thing that we have to do right now is for us to unite as people and elect the right people in power and dismantle the regime that exploits each country, the best thing to do would be a revolution or killing the elite who is proven to exploit people for profit.
Not generally because some of them have also sympathy for the poor class through charities and donations. But i must say, if the kind of government we have right now will continue, then the rich people will always be rich, the poor people will be much poorer. So if there is an incoming economic crisis, i believe the one who will suffer the most is the poor class. They are living in poverty at the current and really had a hard time sustaining their basic needs, so i think it will even get worst in the future. While looking at these rich class in the society, i know they will still survive no matter what because they have all the excess money that the poor class don't.



Title: Re: Future economic fear of the rich and poor.
Post by: molsewid on October 04, 2021, 03:00:05 PM
Not generally because some of them have also sympathy for the poor class through charities and donations. But i must say, if the kind of government we have right now will continue, then the rich people will always be rich, the poor people will be much poorer. So if there is an incoming economic crisis, i believe the one who will suffer the most is the poor class. They are living in poverty at the current and really had a hard time sustaining their basic needs, so i think it will even get worst in the future. While looking at these rich class in the society, i know they will still survive no matter what because they have all the excess money that the poor class don't.



I always believe that the one who has an asset or money have always the advantage to make a good life even economic problem rises than those who was already struggling in life. But with the kind of government and laws that we have which I believe in terms of paying taxes usually those rich people have had the best way to avoid paying big taxes and it is true corporation and true donations, charity and foundations. Poor and Rich are both working hard to get a good life but rich man has always the advantage.


Title: Re: Future economic fear of the rich and poor.
Post by: riso2015 on October 04, 2021, 04:32:00 PM
see unprepared perhaps more unprepared the Rich . Because the rich are used to living in everything, everything is delicious and well established. When they fall into poverty it may take time to get up much more than the poor, their mental readiness is less. Unlike the poor, they are used to living in poverty, as it is, so that if they experience worse things they will not have much influence..and if they are rich, I think they are quite happy with the position they have got.


Title: Re: Future economic fear of the rich and poor.
Post by: MNbag on October 04, 2021, 04:45:51 PM
The fuel of the economy is the prospect of the poor becoming rich.

This desire to no longer scrounge for every cent of your survival among the dirt, but to live in a bit of comfort is what drives the constant pipeline of hopeful recruits to the squadrons of con artists, snake oil salesmen, and general rouges for their daily picking.

Gradually the hope of success drains away as every day, another scheme turns out to be filled with holes. Every day, someone they knew has fallen into the wayside once again as the crooks zoom away in their limos and Lambos with their riches.

Occasionally, there would be a scheme that aims to not merely ensnare the wallets, but also the personality of the victim.

Gradually through desperation, camaraderie, and the general breaking down of the psyche, the person is converted into a machine that constantly preaches about the wonderful qualities of the product. Gradually, the person gets insulated from any outside help and ends up in the inner sanctum, where they will be held in a constant sense of devotion to their one duty.

It ain't dollars that this economy runs on, but the dreams of the many.



Title: Re: Future economic fear of the rich and poor.
Post by: Fortify on October 04, 2021, 04:50:21 PM
A discussion to express your views and perspectives on the future economic fear between two class of people in the society, the rich and the poor.

-I have often heard that there's an even greater fear with getting money, who do you think has more fear about the future?

(A) The Rich man who has tasted the good things of life and enjoying the best, now he has to face the fear of the possibility of suddenly loosing all he possesses and becoming poor? Or

(B) The poor man who has not enjoyed anything in life yet, just surviving and facing the fear of an unknown future, thinking if he is ever going to be in a better position or the suffering is going to continue?

It depends how you're defining "Rich" in this scenario. If we're talking about people with a few million, then they have to make some extremely serious mistakes in order to lose their money. Most people with that sort of money can just plow excess cash into index funds and live off the dividends for the rest of their lives. Over time the value of the shares in those index funds will rise and they will also receive steady dividend payments which can cover their living expenses. Unless they do something extremely dumb like put all their money into one property, fail to buy insurance and see it burn down - that sort of thing is the only way they could lose most of their money in one go. Yes they may fear being poor, but the reality is that will not happen if they have just a tiny bit of sense.


Title: Re: Future economic fear of the rich and poor.
Post by: Zanab247 on October 04, 2021, 05:01:17 PM
Poor is the one that has future economic fear than the rich in the country. During the covid-19 virus, I came to discovered that most of the rich men didn't worry much about the dump of the economy. The poor where seriously worried about the things the covid-19 virus has caused for their environment and their future during the pandemic that reduced the world economy to zero level few years ago.
Rich people have more to invest in bitcoin because they believe so much in risk taking and what will involve in the future than poor who don't have more to invest in bitcoin and they are so afraid with the little one they invested in the future. The poor don't have different sources of income like rich men who have different sources of income in cryptocurrencies.


Title: Re: Future economic fear of the rich and poor.
Post by: freedomgo on October 04, 2021, 07:31:52 PM
Poor is the one that has future economic fear than the rich in the country. During the covid-19 virus, I came to discovered that most of the rich men didn't worry much about the dump of the economy. The poor where seriously worried about the things the covid-19 virus has caused for their environment and their future during the pandemic that reduced the world economy to zero level few years ago.
Rich people have more to invest in bitcoin because they believe so much in risk taking and what will involve in the future than poor who don't have more to invest in bitcoin and they are so afraid with the little one they invested in the future. The poor don't have different sources of income like rich men who have different sources of income in cryptocurrencies.
I think both of them have their own fears when it comes to the future economic crisis. But it will be more fearful on the part of the poor people seeing there is always a high inflation that continuously growing which makes more increase on the prices of basic commodities. I know it will get even worser in the future. I think looking at this scenario, poor people will have to make bigger adjustments and find more means for survival. The rich people have also fears of loosing their investments but they still have all the chances to acquire them again knowing they have the money and resources that will always give them an edge from the poor ones.


Title: Re: Future economic fear of the rich and poor.
Post by: Semar Mesem on October 05, 2021, 02:30:00 PM
Economic inequality is a serious problem, this is because the rich don't care about the poor so it will become a ticking time bomb one day, the state should be able to provide education and training to capital to be able to help the poor so they can improve their lives so that they can reduce the gap with the rich.


Title: Re: Future economic fear of the rich and poor.
Post by: imstillthebest on October 05, 2021, 02:45:10 PM
Quote
I have often heard that there's an even greater fear with getting money, who do you think has more fear about the future?

we don't need to be fearful as long as we get the money in an honest way but to the question if who among the poor and rich is fearful in the future  ,
 Id say it depends because there are poor that is constantly worrying but there are poor that are already used to the life they had .
for the rich , there are rich that don't worry because they manage their money well and there are rich that worry that they cannot maintain their high standard of living .


Title: Re: Future economic fear of the rich and poor.
Post by: oHnK on October 05, 2021, 04:09:39 PM
The rich people have also fears of loosing their investments but they still have all the chances to acquire them again knowing they have the money and resources that will always give them an edge from the poor ones.

The level of fear of people who have money with poor people is very much different.  The disparity between the rich and the poor is enormous.  Worry in the rich to be poor, it's only a percentage of the poor who even food for tomorrow he doesn't know what he will eat.  As hard as it was for the rich, they could still eat and sleep well.  On the other hand, there is the poor who struggles to be able to eat and sleep well tomorrow.  I would love to have the opportunity to help a very poor family to make their economy more stable through crypto, but this is not an easy matter because crypto is not a magic thing that can make the poor rich overnight.  There is a long process.


Title: Re: Future economic fear of the rich and poor.
Post by: Fortify on October 05, 2021, 07:08:22 PM
A discussion to express your views and perspectives on the future economic fear between two class of people in the society, the rich and the poor.

-I have often heard that there's an even greater fear with getting money, who do you think has more fear about the future?

(A) The Rich man who has tasted the good things of life and enjoying the best, now he has to face the fear of the possibility of suddenly loosing all he possesses and becoming poor? Or

(B) The poor man who has not enjoyed anything in life yet, just surviving and facing the fear of an unknown future, thinking if he is ever going to be in a better position or the suffering is going to continue?

Unfortunately a poor man who suddenly comes into a large amount of money will often lose it all through a variety of means. There are two types of poor people really - those who are barely able to scrape together enough to get by in life and those who have a decent income yet manage to waste huge amounts of money on things that will not bring them long term happiness. The first stands a chance at using money wisely, if they have a basic education, because they will treasure it and likely watch their spending. The second type would simply inflate their wasteful spending to match their new found wealth, instead of buying a takeaway every week they might go to a five star restaurant every night and fritter it away.


Title: Re: Future economic fear of the rich and poor.
Post by: jaberwock on October 05, 2021, 07:12:53 PM
Not generally because some of them have also sympathy for the poor class through charities and donations. But i must say, if the kind of government we have right now will continue, then the rich people will always be rich, the poor people will be much poorer. So if there is an incoming economic crisis, i believe the one who will suffer the most is the poor class. They are living in poverty at the current and really had a hard time sustaining their basic needs, so i think it will even get worst in the future. While looking at these rich class in the society, i know they will still survive no matter what because they have all the excess money that the poor class don't.
Charities and donations do not get nearly enough and they are inefficient, governments are inefficient as well. There is no situation in anywhere of the world where you get to have the taxes paid in full without anyone avoiding a single tax while also spending those tax dollars as efficiently as possible.

This is why people ask for free healthcare and free education and so forth, that would mean that you get to pay for it and governments would want to pay less so they will do their best to make the prices for hospitals and medicine cheaper since now they are paying for it instead of letting people do it, and it would be efficient since all you do is save lives, quite important task.

I would say that the best thing that would be helpful is to make a general law, like free healthcare, instead of letting liberal capitalists donate whenever they want to, and then get it back a lot more from tax payers. Just this year Jeff Bezos donated a small amount, and yet took 1000x more than that from tax payers.