Future economic fear of the rich and poor.

[imstillthebest]

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 .

[1713507842]

1713507842

[oHnK]

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.

[Fortify]

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.

[jaberwock]

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.