Post
Topic
Board Economics
Re: Rich and the poor who spend the most on luxury?
by
Proty
on 23/09/2024, 10:32:35 UTC


As I was scrolling through my Facebook I saw this photo and how the image discribes the poor to be a kind of people that wears expensive thing to impress people to look like the rich, and the other way round, the rich appears to be simple probably not to be noticed as a rich person. My question now is that,

Does wearing of expensive cloths, shoes and other expensive things a sign of being poor? Or does it mean the rich doesn't wear expensive things or doesn't leave a luxurious lifestyle?

There is a difference between the rich and the poor more especially in terms of there thinking from the two image above you will notice that the poor man is trying to deceive the world but when reality will hit him that's when he will realise that he is deceiving himself. The poor thinks that the cloth ,jewelry ,cars and the money a Richman have in his pocket is what makes them rich. So they end up acquiring all this thing without knowing that they are acquiring liabilities. The rich is rich because there liabilities can not equate there asset while the poor are poor because there income cannot equate there liabilities. So the picture is just showing or telling us that the poor spend more time acquiring liabilities than the rich do while the rich are busy acquiring asset