Future economic fear of the rich and poor.

[fullhdpixel]

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.

[1714635490]

1714635490

[1714635490]

1714635490

[1714635490]

1714635490

[Ryder Kudrow]

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.

[Wendy Simth]

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.

[patientforzhou]

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.

[Shasha80]

~

~

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.

[bryant.coleman]

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.

[sana54210]

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.

[South Park]

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.

[Bollexz1]

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.

[Rajamuda]

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.

[Marcorey]

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.

[LUCKMCFLY]

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.

[wxa7115]

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.

[xSkylarx]

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.

[Sithara007]

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.

[killerfrost]

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.

[SacriFries11]

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.

[TheGreatPython]

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.

[shield132]

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.

[AndySt]

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.