Post
Topic
Board Economics
Re: This what poor people need
by
xSkylarx
on 17/12/2021, 13:40:41 UTC
Is poor people fund managets who grow up their capital and reinvest this money for example in IPO on stock market and creating crypto projects to be listed later on exchangers 10x profit at least.
But poor people don't have capital to begin with?!
You talk about investment, funds, etc. which is not poor people's game.
The only thing poor people have is human capital (skills), so they better sell their skills, get paid and then grow their tangible capital.

You have a point. Unlike the rich, they have the capital to invest in something, which is why they earn a profit and become richer. It is really difficult if you are born poor, since you have to start at the bottom and your capital will always be a loan from the bank to start the business. Regarding skills, this is the main reason why poor people are earning, being employed and also having skills. Since this is your source of income, you should enhance it so that you will land a job that has a bigger wage.