Topic: Richest 2000 People richer then poorest 4.6 billion - page 3. (Read 1336 times)

Unfortunately, we can't equally divide the distribution of bitcoin unless we have the money to buy it and a supply that will literally id divided for the poor and rich people. Richer people or some of the richest people are the ones who have the money to buy large amount of bitcoin but some of us who earn money which is just enough for our daily lives will not somehow not take the risks to do the same (also, we don't have that large amount of money to start with).

What you call inequality cannot be changed. There will always be richest people and poor people in the world. Sad but true.

Regrettably, Bitcoin is controlled by the capitalists, so the richest are widespread in any successful field. In my opinion, the main reason for this economic inequality is the spread of greed in most of businessmen/women. By the way, 1% of their funds can help millions of poor people especially who are  suffering from the starvation specifically in Africa , but sadly that does not going to happen.
In fact, it is too difficult to find a solution for this economic inequality, this problem has been existed for ages. Do you think there will be a solution to this problem?
I don't think so,  but let's be optimistic, the world needs that.

Indeed, I believe the same thing. Here in our country, there's a businessman which now have a very big company (the SM Corp.) but once became a shoeshine boy when he was a child. See? His life when he was a kid is not as good as we had right now and yet he succeed in life. This only proves that you can do everything if you are really a hardworking, persistent and courageous individual. You know what, I sometimes believe that having high educational attainment doesn't necessarily mean that your future was secured already because it will be pointless if you are not "madiskarte at maabilidad sa buhay" (hmm street-smart or also witty in other words ).

It is a sad situation where the rich get richer and the poor get poorer.  Bitcoin and cryptocurrencies are my hope to break out of a life of living paycheck to paycheck.  If it really is a success, we can turn a corner and improve our lives.

rich people are not always highly educated, rich people tend to have high speculation, where they must always look for business fields to develop their assets. whereas poor people tend to think about the needs of their suppliers, so they must be brave enough to take risks to get out of their zones

Yes, because here in bitcoin, anyone could be an investor, trader or others easily without being controlled and regulated by anybody. Bitcoin is more accessible and less harder to manage compared to fiat money monitored by regulating bodies such as banks and the government, that is why bitcoin community have grown and  still increasing in numbers.

yes you are right the rich can always follow the development of technology and invest in large amounts while the poor because they do not have the capital they cannot follow the development of technology and also cannot invest. and usually the rich have a high education that can make it easier for them to find work while the poor who do not attend school are very difficult to find work. and in the cryptopun industry as well as that people who invest with large capital will certainly get greater profits.

Access to the bank today dont make you rich. You need to be capable and to do it.  But. here are billions people on world right now who are capable and who can do it, but they simply cant because they dont have access to banking. They cant get founds to fully develop their potential. With help of Bitcoin that should change over next few decades.

That is exactly the sort of thing capitalists and super wealthy wants you to think. There is so much money in the world right now that, we could both have people who live comfortably, like having fully paid healthcare, free education, cheap but good quality food, goes to movies, eats out anytime they want, have vacations every 6 months, etc etc basically a decent life even if not the yacths and skyscrapers and bentleys etc, just a cool life that doesn't worry about money and bankruptcy but not CEO level.

At the same time we could also have billionaires and super wealthy as well, literally at the same time. How? We are talking about the whole world and all the companies that made 1+ billion dollars in profit, if those companies paid just 10% more in taxes as a whole to just make sure everyone lived better, do you realize how much better everyone would be?

If the money from the top is going to be 20 billion profits whereas the poorest are homeless, do you know how many homeless people you can help with billions in taxes that would just make sure those companies just have few hundred million dollars less versus all the billions of dollars they made?
 
Hell places like Amazon are making 20+ billion dollars in profits, worth 1 trillion dollars, owner is richest person in the world and they paid literally ZERO federal taxes whereas there are literally THOUSANDS of amazon warehouse workers on welfare. That is a gap that can't be sustained, its dangerous to the world and actually dangerous to the rich as well because as long as they keep agitating the poor like this, eventually the response will be even harsher.

Offering people a better wage, a better working conditions and fairer hours would literally cost them few billion at most, why would it matter if their profits of one year is not 20 but 15 if it means all of their employees are well taken care of? Shouldn't the lives of tens of thousands of amazon workers matter more than how much more profit can the company make? Is shareholders more valuable to world than employees?

I don't think that bitcoin has as much of a direct impact on reducing inequality as people purport it to be.

I do think that BTC can somewhat fulfill a niche for money remittance, especially for worker remittance and payments internationally. By providing a protocol by which people can transact on internationally for basically free, without needing to pay excessive flat or percentage transaction fees, exchange rate spreads, and/or high barriers to entry, we can practically decrease the barriers to international trade, at least in the services sense.

That could potentially lessen the gap, since developing nations can outsource their cheap labour more efficiently. But even then I doubt it'll make that much of a significant impact.

at least if those who are poor want to try hard and create a business that produces then he can become wealthy because actually such assets can be achieved when they have the maximum business, but when they do not want to try it will not be able to change their destiny.

The reason why most rich people are getting richer and poor people getting poorer is that rich people have more opportunities and types of equipment to learn and adopt the latest technology trend that would help them gain and earn more profit. When it comes to profitable investment, it will be also easier for them to start because they have a better amount of capital. Poor people need to work hard just to acquire knowledge and earn something for them to have at least a small amount of capital.

Inequality will always come at play whether in the monetary paper money or in Bitcoin. A wealth distribution wont be happening in bitcoin it will always be the minority who controls it with their stack of cash in their hands. The poor will always stay poor and the rich becomes more richer, this is true even in BTC there will always be whales, dolphins and small fish like us.

Reminds me of a cartoon an artist made and captioned
*Rich are getting richer and poor are getting poorer*
Yes this is the reality of life , unfortunate circumstances push them in deep pits from where they just go down and also the governmental policies unfortunately favours the rich .
We talk about casts and how there is a reservation for them , it should have been according to the financial status of someone , too much is at fault and what we can do is spread awareness about education because it is the only thing that can show these people light .

not all investments end well friends, even if someone makes an investment he could end up bankrupt, someone must know what the potential is in this world now, many people get money from the internet

That was good about the gap from poor to rich because for at least we challenge our lives into a good life. We have different situation from being rich and poor and it depends on you on how can you handle your life from being poor or rich because you are the one who can find your happiness.

From education, some government do offer education so it depends on what you want to become in the future.

It is sad to see the numbers that shows the gap of population of rich to the poor. It is a reflection of how uneducated the poor are. They are uneducated in terms of financial aspect because if they are literate when it comes to financial stuff then they will not be poor because there is a lot of option like investments that they can try to grow their money.

I think economic disparities have occurred since ancient times before fiat money was discovered. and in my opinion bitcoin cannot be used as a solution to overcome this gap problem. people who have a lot of bitcoin will certainly benefit far greater than those who only have a few satoshi.
I think this gap can be overcome by a just government policy.

That's capitalization.

In order for there to be progress, there always has to be people at the top of the pyramid. You can't have everyone on an equal playing field otherwise nothing will ever get done.

Although I don't agree it should be to the degree it currently is, there needs to be a significant wealth gap between the industry movers and pioneers, and the labor type staff that build their vision. If there wasn't, why would anybody take on the burden that comes with leading an industry?

Nonetheless, I do think these people bear a strong responsibility to help make things easier for the bottom 4.6 billion, after all, some are barely surviving, and that's not right.

I wonder what's gonna happen when all the money got too centralized and 98% of it got owned by these richest. These rich people seem to be hesitant when it comes to spending their money and always invest it to stack yet another batch of money to their money vault meanwhile the middle class and poor people usually become more consumptive which equal to spending more money to make the richest becomes even richer. The pattern really seems to go toward that direction.