Post
Topic
Board Economics
Re: Future economic fear of the rich and poor.
by
wxa7115
on 22/09/2021, 21:53:35 UTC
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.