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Author Topic: [ASK] why is the year getting rich getting richer?  (Read 264 times)
peter_coin
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June 21, 2018, 09:32:38 PM
 #41

The rich would always get richer because they are informed, by informed I mean they are surrounded by other rich people and exchange relevant information. Before a poor guy would get the necessary to take advantage of a business opportunity, thousands of rich fellows would have heard. Breaking into their circle is not feasible if you aren't like them, but there is something that's constant which can make any person from any background successful, and that thing is hardwork and dedication, these are the things that can make my person successful.
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June 21, 2018, 09:42:32 PM
 #42

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

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June 21, 2018, 11:49:48 PM
 #43

Simple because those rich people are mostly business minded.They take all the risk in having a business and they are not afraid of investing into projects because they got lots of money to spend while poor people are getting more poorer because of the attitude of spending less in business and spending more into not necessary things.
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June 21, 2018, 11:55:56 PM
 #44

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

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

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June 22, 2018, 12:22:35 AM
 #45

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

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

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June 22, 2018, 03:37:42 AM
 #46

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

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July 04, 2018, 04:03:54 AM
 #47

Poor people should learn how to help themselves to get out from poverty and stop relying on government for aid or something. I know we cannot blame them for being poor, but some poor people and middle-class people do not know how to manage their finances that is why even though they have the means, they still end up being poor because they spend too much and buy things that aren't necessary.  People should learn how to find ways to make their income grow more so that they'll become rich or richer.
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July 04, 2018, 04:15:16 AM
 #48

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

Yes, and unfortunately this continuous system has made it harder for others to get up the ranks because of their lack of resources. Some are born poor or born rich and depending on what status you’re at would determine how easy life would be for you. It seems that the rich gets richer every year because they have a full arsenal of resources and it’s only within a grasp’s reach. Unlike for those who come from poor backgrounds, they would have to work hard just to get by.
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July 04, 2018, 04:21:34 AM
 #49

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

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

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

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July 04, 2018, 04:37:55 AM
 #50

why is the years that the rich get richer and the poor become poorer and more oppressed?
What do you think should be done to keep this economic gap from continuing?
There are several factors that couse poverty includ factors of income,education,health,access to goods and services,geographical location and environmental conditions.
In order to reduce poverty the country should be able to increase these factors.
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July 04, 2018, 04:52:52 AM
 #51

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

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

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

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reinielle26
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July 04, 2018, 05:19:02 AM
 #52

Poor people should learn how to help themselves to get out from poverty and stop relying on government for aid or something. I know we cannot blame them for being poor, but some poor people and middle-class people do not know how to manage their finances that is why even though they have the means, they still end up being poor because they spend too much and buy things that aren't necessary.  People should learn how to find ways to make their income grow more so that they'll become rich or richer.
Indeed. There is a case/situation in which poor people spent more than rich people. There are more expenses than earnings and savings. While those who are wealthy always think about how to make more money and on how they will become richer. I think it will be better if those are not penniless should think the way rich people does.
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July 04, 2018, 05:55:26 AM
 #53

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

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July 04, 2018, 06:06:52 AM
 #54

Poor people should learn how to help themselves to get out from poverty and stop relying on government for aid or something. I know we cannot blame them for being poor, but some poor people and middle-class people do not know how to manage their finances that is why even though they have the means, they still end up being poor because they spend too much and buy things that aren't necessary.  People should learn how to find ways to make their income grow more so that they'll become rich or richer.
Indeed. There is a case/situation in which poor people spent more than rich people. There are more expenses than earnings and savings. While those who are wealthy always think about how to make more money and on how they will become richer. I think it will be better if those are not penniless should think the way rich people does.
right, this is just a matter of one's mindset. the poor to want to be rich, they must think like the rich, with the ability they have, he must think to develop his assets, not spend it

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July 04, 2018, 07:00:58 AM
 #55

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

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July 04, 2018, 03:06:17 PM
 #56

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

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July 04, 2018, 09:23:06 PM
 #57

Poor people should learn how to help themselves to get out from poverty and stop relying on government for aid or something.

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

People should learn how to find ways to make their income grow more so that they'll become rich or richer.

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

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July 04, 2018, 10:15:27 PM
 #58

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



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

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July 04, 2018, 10:25:09 PM
 #59

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

This is normal because the rich have a huge source of resources to be use as capital for entrepreneur, businesses and investments unlike the poor in which they need to borrow the amount that will be needed for a certain investment in which if the investments will failed it will become a big problem because they loss the resources and they will need to pay the borrowed amount. I think there is no solution on this problem because this problem is already in history.
I agree with you. Rich people always have money to pay when they fail in the projects they develop. But the poor will never get a second chance if their first chance is to fail

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July 04, 2018, 10:46:04 PM
 #60

why is the years that the rich get richer and the poor become poorer and more oppressed?
What do you think should be done to keep this economic gap from continuing?
The rich are more intelligent than the poor. They can think of a lot of ways to make money. While many poor people become lazy and they do not want to work. That is why they never become wealthy

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