Future economic fear of the rich and poor. - page 4.

Sithara007

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Quote from: enhu on September 23, 2021, 12:01:35 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".

Trouvaille

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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.

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Quote from: Rruchi man on September 20, 2021, 07:22:13 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?

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.

Viscore

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Quote from: Shasha80 on September 23, 2021, 05:19:20 PM

Quote from: worldofcoins on September 23, 2021, 01:16:25 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.

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.

Shasha80

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Quote from: worldofcoins on September 23, 2021, 01:16:25 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.

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.

uneng

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Quote from: Rruchi man on September 20, 2021, 07:22:13 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?

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.

worldofcoins

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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.

geegaw

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Quote from: Ngemmeng on September 22, 2021, 09:29:24 AM

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.

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Quote from: Sithara007 on September 22, 2021, 11:50:09 PM

Quote from: Oceat on September 22, 2021, 07:03:31 PM

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.

Sithara007

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Quote from: Oceat on September 22, 2021, 07:03:31 PM

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.

Oceat

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Quote from: jakdanyel on September 22, 2021, 05:55:12 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.

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.

Hypnosis00

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"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.

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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.

wxa7115

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Quote from: Rruchi man on September 20, 2021, 07:22:13 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?

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.

Smartvirus

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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!

Shenzou

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Quote from: Rruchi man on September 20, 2021, 07:22:13 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?

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.

romero121

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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.

dothebeats

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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.

BITCOIN4X

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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.

Mometaskers

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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.

Quote from: Hydrogen on September 20, 2021, 09:01:30 AM

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.

Topic: Future economic fear of the rich and poor. - page 4. (Read 632 times)