Future economic fear of the rich and poor. - page 7.

Hydrogen

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Quote from: Rruchi man on September 20, 2021, 06:22:13 AM

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 rich fear the future enough to build elaborate bunkers in case of emergency.

While other income brackets refuse to believe their way of life can change, and take zero steps to prepare for crisis.

The rich are the first to know when a recession or economic crisis is coming. While other income brackets are uninformed and caught unaware by every recession or crisis that hits.

The rich recognize and respect the dangers of shifting markets and conditions. They channel their fear into following the news and being informed.

While other income brackets remain thoroughly convinced they should never read the news, as it only contains depressing stories. They believe politicians and governments exist to take care of all their problems, so that they can live their lives without ever paying attention to anything.

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.

Lucius

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Quote from: Rruchi man on September 20, 2021, 06:22:13 AM

-I have often heard that there's an even greater fear with getting money, who do you think has more fear about the future?

I think that those who have enough money or even have more than they need are not the ones who should feel more fear, because their position is far more favorable than those we can call poor, although here we cannot refer exclusively to those who are at the bottom of society, but also at people who live an average life. An extremely rich man can lose 90% of his wealth and still be a relatively rich man (say if he loses $90 million out of a total of $100 million), who will still live better than 90% of the rest of the world.

In the bigger picture, I have no sympathy for that 10% of extremely rich people who are mostly rich at the expense of the poor.

jackg

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I think B might be more likely to take an action over their fear but both fears are probably quite equal.

In both cases, you're assuming the two subjects are lonely/with poor company though which is also what I'm basing this off. Surrounding yourself with the right sort of people obviously offers better protection from you losing the essentials of life.

The first persons wealth also depends on how they got it. If it was earnt themselves, they'll be a lot more confident they can earn it again. If it was something they inherited (maybe like real estate) and it's not well diversified then they should probably be quite worried...

Rruchi man

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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?

Topic: Future economic fear of the rich and poor. - page 7. (Read 656 times)