Topic: How billionaires are really affecting the economy. - page 3. (Read 1111 times)

Rich are afraid to become poor which is why they still work hard to maintain their finance level and even become richer.
Well, they have different lifestyles because they can do whatever they want as they have plenty of money. They'll somewhat be a part of growing our economy, their participation plays some role but guesses what, these billionaires never pay the exact taxes they have. Well, doesn't matter to me but what matters most is that these rich people give job opportunities to jobless people and help them survive.

Just come off it, I hate it when people praise these rich people too much, it's just a misconception that all of them made it out of hard work, a lot tried better than them but didn't make it. Many of you are just misinformed and judged amiss because they are rich, so why are some rich become poor later? Have they suddenly stopped? No one wants poverty and if you hear the stories of many of these rich people, you will be able to infer grace, luck, hard work, circumstance, family and friends, and environment as what makes them rich. Mind you, some encountered one, two or more of these factors listed, so it's a wrong judgement for concluding that poor people are poor because they are lazy or didn't take steps.

As much as hard work is good, not all who do it are successful, fate also counts here, and even for some people, their riches cames very easily and further use the brain of their employees to be richer or maintain their richess, not hard work.

In which current epidemic or a major economic crisis are the rich affected? No one is impressed because they set up their systems accordingly. We live in times when it is easiest to make money with money. If you are below a certain level, your job is very difficult, but after passing a certain level, you will see that things get easier. There is an attempt to eliminate the middle class in the economy. You will either be poor or rich. If you have convinced yourself that you are in the middle class, you are already poor and you cannot see it.

In any event, the self-preservation mechanism of the rich is directly proportional to their economic power. This is why, in the examples given, the wealthy are least affected by such situations.

The rich were still able to survive the pandemic crisis at that time, but if you look at India's death rate due to lockdowns and the government was unable to cope with finances to support economic needs, can you still say that rich people feel the same way? In fact, very rich people can survive in these conditions and can still experience optimal health services. In the post-pandemic economy, the rich can continue their lives because their financial stocks are still abundant, but the poor who have managed to survive only start over from zero.

Of course, billionaires have influence over the economy, and the effects can be complex. Issues such as increasing economic inequality, environmental impact, lower taxes for the super rich, and global inequality need attention. Addressing this problem requires fairer policies, more proportionate taxation, and investment in social programs and education and health facilities for society as a whole.

I agree with all of your points. Unfortunately, some people will always have the mindset that rich people are the antagonists of their dreams. It's as if they are to be blamed for living the life everyone is dreaming of and having the things everyone is working hard for. The harsh reality however is hating on these billionaires (especially the young ones, since I've been seeing a lot of them getting hate on social media) will not magically lift you up from your economic and social status. Raining on other people's parade will not make yours better.

Yes. one of which is that the Covid-19 pandemic has caused a storm, in the form of a world economic recession. Although the rich also feel the same way, the poor, workers and women are the most vulnerable and most comfortable groups. The Covid-19 pandemic and this has become a marker, a turning point, exposing increasing economic tensions between groups.

The stages of his journey In the first months of the pandemic there was indeed a stock market crash that sent billionaires experiencing a dramatic decline in wealth. But, this decline in wealth did not last long. In the following nine months, the fortunes of the top billionaires have recovered. That's because the government's rush of funds to revive the economy allowed the stock market to thrive and revived this group's fortunes, even as the real economy faced its worst recession in a century.

Well said.

Before, I think many have the same thinking about the rich people. And that thought that these rich people just got rich and that's it. But upon growing up, we start to understand that these rich people didn't just inherit what they've got now.

Just like us, they've once became a dreamer and just reached it through their means and methods aside from hardworking. There are roots with what they are now especially if you look to the local rich people, you'll connect to their stories and will be inspired by them.

I agree to this one because I believe that this is the hard truth in itself. Everyone think being rich is rich and they just get the money out of thin air. Isn’t that is funny as well? I think somewhere in the forum I have read a nice article stating that how rich people are also tangled in the status maintaining challenges. They also have a lifestyle that they need to maintain which is ultimately built from the income source they have.

Indirectly they need to keep the business up and running all the time. They have to feed the salaries, keep business in operation all the time. We should keep down the debate that rich are happy every minute. :-o

If you dream of becoming a billionaire, then you must really try your best in your own life without having to see conflict in other people's lives. And you also don't need to see the bad side caused by other people's families as long as you yourself haven't done anything that can trigger any conflict in your life. Because as long as you can handle things fairly well, I don't think any kind of conflict can occur for you, nor for anyone else.

So just focus on your own efforts to become a billionaire without having to consider the conflicts that arise in other people's environments because it is a personal thing that might not happen to other people even though they will choose the same path to become a billionaire in their life. Now you only need to see their efforts when they are struggling to become billionaires, not when they experience conflict within a family because of something we may never realize will happen.

Yes, definitely.

That's why if we're going to choose what hardship we have to deal with and that's dealing with the problem being a rich person. We're done dealing with the problems of being poor.

We can still survive and have that plenty of money while if we remain poor, we need to think of many problems and as well as the survival about having no money.

That's normal.

We tend to be jealous of someone's achievement and good way of living because we can't have it yet and it's not happening to us. But as soon as you do understand the cycle of life, you'll be inspired by them, the success they've reached.

It depends a lot on how this matter is seen, I am aware that big businessmen cannot go against the government policies maintained by the country where their industry is established, and therefore they are subject to offering their employees what the law establishes, but it seems to me that there are certain people with great wealth and who manage branches worldwide who can contribute with exceptions to the rule..


For these people who handle large sums of money, I don't think it's impossible, it's just that they could decrease their personal earnings, and therefore avoid doing this. If they study their income well, they could support their employees with additional bonuses for their economic issues, especially when the situation in the country is not very favourable, not all large-scale business owners are thoughtful with this issue, what's more, many exploit and provide zero benefits, these types of people are the ones who, in my opinion, collaborate so that low-income society worsens their situation. Of course I am not saying that they are all, and of course I am not releasing governments from their responsibility to improve the financial stability of communities. I'm just saying that these could contribute in different ways other than just providing employment.

Life is like that, whether rich or poor, everyone will have their own difficulties and sufferings. But the rich will still have a much better life than the poor. Nowadays, as long as we have money, there is nothing that we cannot have or cannot do. Therefore, people with money will still have a better life than people without money.


Many people hate billionaires because they feel jealous when they can't live like the rich have. Many poor people always feel that life is full of injustice and they always find excuses to blame anyone who is richer than them. And they forget that it is the billionaires who are creating jobs for them.

You choose what's hard for you.

These billionaires and millionaires have got their own hard life because of the finances and other obligations that they've got. While many poor people have their own hard lives as well but it's all due to how they're going to survive on this life.

This just only means that everyone regardless of the status of life has their own hardships.

It is a sad truth that we need to extract. There are people that hates these billionaires and other rich people but can't be denied with their contributions on an economy.

I also dreamed to be a billionaire, (Who will refuse this?). But as i watched the lives of some millionaires and billionaires and their family, there are always conflicts, problems and other factor that giving them a hard life. Yes, i believe they affecting the economy either good or bad. But this balance is needed for our economy pursue.

I agree about your statement on the government's role. People tend to direct their anger towards the rich/billionaires that they forget the role of the government in such matter. There are a lot of instances where the company that people are working for are tied down by the policies given by the government they are under. For example, in my country there is an age limit for people to continue working, so despite the very company wanting to keep their old employees on board, they cannot do so because of the policies given by the government which will cause problems to them.

They are actually realistic, it's impossible to overpay many people or just some people, maybe I think because being able to create jobs is one of the factors that makes the difference between iliaders and ordinary people and because it makes them have little influence on the economy, apart from that it will be profitable for them too because realistically every human being will continue to seek money or profits even though they are already very rich.
However, it cannot be denied that the government's role is very large in regulating policies for workers such as wage standards or other things, this has a big influence on economic changes for you people from the lower classes.

or could these people with sufficient conditions to change this system contribute something more than providing employment, such as giving generous salaries instead of focusing on getting rich valuing the efforts of their workers, and in this way making the world more equitable by reducing poverty..  It is true that governments do not contribute anything to avoid the need that many citizens have to live with but these people who if they have the conditions to help do not do it, why?  they are simply not interested, their only focus is to grow and if they see that someone does not contribute to thethat growth they fire them regardless of the circumstances in which they live in this world despite the fact that they seem to want to contribute to society, they continue to look out for their own interests and when they are harmed they will throw anyone into the fire this is why both the rich since governments are actually the problem, both are to blame for both economic stability and the growth of poverty.

There are still businessmen that are into both the welfare of the people and profit at the same time, but mostly they are into profit, which again is business without profit, it won't be running. Also, it is not always the duty of the government to provide you with good wellbeing; it is also your duty to do it. Stop relying on the government, as for sure you'll be struggling, and you know right now corruption is everywhere, so your duty is to find and elect good politicians to help grow the country's economy.

You just need to know that billionaires are business men, and the aim of every business man will always be to make profits and not the well-being of people liviting in that locality or region as that's the work of the government, not individual  business men. So if the state of a country's economy is not in other, the only people to blame are the politicians in power embezzling public funds