Why do the rich get richer, and the poor remain poor?
This has become an adage of the century. One gets to hear this more often, and the internet world is making things much more interactive. The irony the “rich” get richer, and the poor get poorer is a widely debated subject without many changes other than a mere lip exercise! Why is it that the very thing told by a common man irks everybody so much? Today the biggest problem is that of inequality of income, political instability and religious identity clash!
The Income Classes from the rich to the poor
There are various classes of income. These are the middle-income the lower income and the higher income classes. These classes remain the same, and their financial problems become worse as well as tedious due to the continuous bad state of the economy. So many segments contribute to worsening the economy from rising inflation to political instability. A strong government with social reform plans can stop the economical gap between rich and poor. Strong policy implementation to eradicate the economic disparities can certainly change the dogma of the rich get richer, and the poor get poorer situation.
How Finance Affects Social Life whether it is the rich or poor
Finance is directly related to the social life. There are many issues like social and average income disparities coupled with the factors like corruption and greed. The Government usually has a lot of responsibility, and the issues here usually come from being incapable of meeting up to the needs and the requirements of the people.
Examples of Success
Take for example China in the fifties and the eighties. China today is the World’s Industrial Estate. A lot of efforts has been introduced by the communist government to improve the living standard and income of the ordinary Chinese workers. They have achieved the industrial success. But due to bad management there is also the rich get richer and poor get poorer on a daily basis, despite the fact that they have a political ideology based on equality and social justice. China today is still on the way to progress but has to overcome other problems like poverty, corruption and greed.
How The Poor Get Poorer and do not achieve the class of the rich
The poor get poorer does not mean that the levels of poor are low. It means that the levels get lesser in all income groups. There are many reasons for this.
Do not Blame others
Usually, one has the habit of putting the blame on others. There is no point in complaining; one has to be ready for the changes. The common people complain about unfair treatment, racism, corruption, and conspiracies. It is better to invest in ideas that help the world in general and society in particular.
Thoughts are the Leaders
One has to have a strong mind, and this could make everything change. Implementation of ideas and policies that can eradicate the income disparities has to be met in a time phased manner. This can stop the rich get richer, and poor get poorer situation.The ideas have to be realistic and achievable.
The Connection between How the Rich Think and the Poor Feel
Today with people giving up easily and the entire system is affected. The rich man thinks positive because he has the confidence and the poor thinks negative because he is still climbing the ladder. Once the roles are equal, this disparity also comes down. The rich have to continue to think positively, and the poor have to learn to accept their circumstance and try to rise out of it.
The social responsibility of the rich must be encouraged, and the rich must pump back their wealth to the society for the uplifting of the weaker sections. Instead of waiting for the government to take corrective measures, the affluent can take the lead charge to reduce the stigma of the rich get richer, and poor get poorer syndrome.
Author: Dr. Shawn Fields
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