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Topic: Future economic fear of the rich and poor. - page 3. (Read 632 times)

jr. member
Activity: 64
Merit: 1
September 26, 2021, 03:35:13 AM
#84
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.
jr. member
Activity: 45
Merit: 1
September 26, 2021, 02:57:26 AM
#83
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.
jr. member
Activity: 49
Merit: 14
September 26, 2021, 02:04:27 AM
#82
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.
hero member
Activity: 2828
Merit: 611
September 25, 2021, 03:41:03 PM
#81
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.
full member
Activity: 760
Merit: 104
Moonbet.io
September 25, 2021, 02:44:57 PM
#80
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.
member
Activity: 1358
Merit: 81
September 25, 2021, 02:06:56 PM
#79
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!
newbie
Activity: 4
Merit: 0
September 25, 2021, 12:30:18 PM
#78
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 Grin 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 Smiley
sr. member
Activity: 1652
Merit: 299
September 25, 2021, 12:01:29 PM
#77
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.
sr. member
Activity: 1036
Merit: 279
September 25, 2021, 09:49:15 AM
#76
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.
sr. member
Activity: 1722
Merit: 252
September 25, 2021, 09:17:31 AM
#75
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.
jr. member
Activity: 54
Merit: 6
September 25, 2021, 03:58:06 AM
#74
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.
sr. member
Activity: 1428
Merit: 252
September 24, 2021, 06:45:11 AM
#73
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.
full member
Activity: 1092
Merit: 106
September 24, 2021, 06:16:47 AM
#72

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.
legendary
Activity: 2660
Merit: 1074
September 24, 2021, 05:01:09 AM
#71
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.
member
Activity: 980
Merit: 12
September 24, 2021, 04:32:53 AM
#70
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.
member
Activity: 285
Merit: 12
September 24, 2021, 04:16:31 AM
#69
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.
hero member
Activity: 2814
Merit: 576
September 24, 2021, 03:54:17 AM
#68

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.
jr. member
Activity: 40
Merit: 1
September 24, 2021, 03:48:50 AM
#67
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.
newbie
Activity: 16
Merit: 0
September 24, 2021, 03:46:05 AM
#66
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.
newbie
Activity: 27
Merit: 1
September 24, 2021, 03:37:44 AM
#65
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.
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