The RICH gets richer, the POOR gets poorer.

Yes , it seem like it is going to be the trend of today world, the rich have more money to invest in their children education and businesses, their children can afford to go to a pretigious institution of higher learning and become smarter, they tend to control all the means of production in an economy that generate more income for them, and they have better political connection compare to the poor that facilitate them in whatever venture they plan to go into in the future, this and that. The extra $$$$$$ they have do place them in an advantage position and help a lot to make them richer rather than poorer, while the poor are not that fortunate comparatively, most of them will mainly remain poor or poorer.

I know why the poor remain poor and that is because they do not want to equip themselves with qualifications that will take them out of the rut they are in. I have opportunities to deal with this class and I see they will not give up their fun time for pursuing that which will take them places.

Generally speaking, I think you're right. The main difference between the rich and the poor is that the rich are willing to take calculated risks (not gambling, but calculated risks) to create the chance of improving their situation, and also that the rich have a different attitude to money. Most poor people, if they get some extra money coming in over and above what they need to survive, will spend it on a holiday, a new gadget, drinking with their friends etc. Then it's gone. I've done this myself in the past, and I shudder to think how much money I've wasted over the years. On the other hand, rich people (or at least the self-made rich) know to invest any extra money to make more money, then re-invest the proceeds etc. So if you're poor and want to be rich, the first thing to do is examine yourself for bad habits like that and work to change them. And get yourself educated financially, so you don't end up falling for these stupid online Ponzi schemes that people are always promoting. One thing I don't agree with is that the poor can't afford to have businesses. If you've got an internet connection you can make money. Ebay in particular makes it easy to sell all over the world with very little outlay, so unless you're so poor that you're literally out on the streets, you can set up at least a little part-time business to bring some extra money in.

hi iMamom, yes you are right. the rich people are getting richer and the poor ones become poorer. as we can see in the world today, rich people can easily gets loan from the bank and with the money they get, they can invest in business, gold, foreign currencies, property, etc. to generate more money. but for the poor, no banks will loan money to them unless the poor ones can get a guarantor. and also, nowadays credit cards can only be applied by the rich. just like taking a loan, the banks will only approve rich applicants who shows their financial ability, in which the poor could not. and with the credit cards on hand, the rich can purchase almost everything and only to pay later on. some credit cards even offer cash back up to 50% from the purchased amount. in another word, the rich only pay 50% of the actual amount, while the poor has to pay 100% by cash if they spend on the same thing! and the rich can have a good cash flow since they can only pay their interest-free amount later on after purchasing something, while the poor ones have to pay cash upfront if they purchase the same thing! with all these benefits for the rich and none for the poor, we will only see the gap getting bigger and bigger in years to come.

ya its true,but i think at some stage it needs to change ,for the welfare of the country and also for the economy progress

Sounds to me you have a very easy/simple way of thinking. Who says the rich is working hard or taking more risks or spending money wisely? Who says the poor will be millionair one day? Also who says every poor person is uneducated? In my country mosth high educated people are jobless. Why? Because they cost way too much money (you get payed by education) plus nobody will hire you for a job which you are way too high educated for. There are people who have more luck in their lives as others. Also the ecomic crises (all over the world) is mostly forcing those with less income and the lower middle class to pay the bills while the rich ones are set free of that. This is what is happening in my country at the moment. Just hoping to get rich is not enough. You have to work hard for it and hope the economic crisis will not come after you. The best school means nothing to me. There were people educated great before there were schools at all. Also there are plenty of famous people who were rejected at schools and still made it and became rich and famous. The one who started facebook is one of them!

Hi iMamom, I think the real problem lies with the super rich, who hide their money in foreign bank accounts where they won't have to pay taxes. Also the rich never pay their share of taxes and that puts an extra burden on the middle class. Blessings.

It is almost true in my country, we can not find any evident to fight against the fact. Many poor people work hard, but they still can not earn enough to support their family, while the rich can get more with doing nothing. No one thinks it is fair, we have to do something to deal with it.

Well, the rich-poor gap and income difference is not such a simple issue. Many factors contribute to this: Risk taking appetite and Entreprenuerial abilities are indeed higher in many rich people. Yet, many other factors too contribute. Such as : 1)Many people get very rich by selling properties inherited from their forefathers, which get inflated upto 5-10 times in some years only- especially in developing areas in countries like India, China and many developing countries. 2)Exploitation of labor force and workers in manufacturing companies, where their bosses get away with paying them much less than what they want. 3)Black Money- unaccounted money fuels inflation and hits poor people more than rich. There are many more factors which increase poor-rich divide.

The reason why there are a lot of poor people is because our education are teaching us how to be employees instead. And a lot of employees in the end are merely paying to have a low roof over their heads. It's all because most people don't know the right way to view money and have it work for them instead of them enslaving themselves to money. I too came from an average income family. But with the way things are going--like our bad health and poor money making skills--I'd say I won't be surprised if my household would suddenly become poor one day. I cannot depend on my father to do the working only and he is very thrifty with his money. I know that one day the value of his money would go down and he'll be losing it in a very fast rate since he's only saving it. There is one thing I can contribute to this discussion, by the way. The rich thinks along this line: "More and more;Less and less." "Make more and more money; Work less and less." "Help more and more; Spend less and less." Ain't it neat?

that is true, rich people are getting richer and the poor becomes poor. Thats came from their mind, rich people maintain in their head to become more rich but poor people maintain the opposite.. So to become rich we can change our way of thinking. When poor people suddenly become rich I think they will poor again soon.

[b]Money attracts money. More money attracts more money... The rich getting richer![/b] Just having money on the banks you earn monthly interest doing nothing! If you have money you can buy an apartment and rent it to people with no house and earn monthly rentals just waiting for every end of the month. And if you like you can easily establish your own business, hire highly qualified people to run your business without you actually running the business. You earn money more than you need and in the process become more richer. No money attract nothing! You have to work every penny earn. Money earn for working all day long not even enough to make you have a decent living. You earn barely enough to pay for expenses, And with some accidental expenditure coming, you end up in debts. And you get additional expenses for paying interests. In the process, you end up, poorer. And the cycle goes on and on... Have a great evening. Ciao!

The poor aren't getting poorer because the rich are getting richer. The poor are getting poorer because as a group they don't do anything to better themselves. There are far too many poor people who would rather do nothing for themselves even though they all the time in the world. It's easy to sit back and blame other people for our problems. Being poor has actually come down to a choice to be so by being lazy and some are just don't know how to control having so many babies even though they know that they cannot support it. If you want more out of life: get educated, work hard, spend money wisely, don't drink or smoke and party your money away needlessly. I saw lots of poor people doing nothing but get drunk, smoke and some are sitting on the street just talk about others lives instead of making unproductive things.

your right.it is just with the people. if your were born rich its not your fault but if you die poor then its your fault. all you need is hardships.

Especially in a third world country I live in, your statement can be quite true. It is true that millions beget millions so that without it you can't avail of it and stay poor. But not a few have risen from rags to riches as well as a rich guy suddenly going down to zero.

It is true. The poor are getting more poor and the rich are getting more rich. The thing is the rich have the money to go to school and get good jobs. The poor do not. It stinks but that is the way it is. I know I do not have the money to go to school and have a good career to make more money... The rich being more wise with their money I do not agree with. I am a saver, always have been but I still don't have money for bills and such...I hate spending foolishy, if you don't have it you just don't have it. That is how life is, I am broke as a joke but I only spend money on bills, food and things my children need.

hi everyone needs money to have a god life for the basic needs. But some just don't get enough and they have to face lot of difficulties and compromises should be made. i hope everyone lives happily with enough money for their needs.

Hello! This is a sad fact. I mean, the rich gets richer and the poor gets poorer. I mean, this is life and this is how it is. I just don't know why but, when you see a poor person, let's say, the person is good, doesn't steal, don't any vices, working very hard to give his family a meal even at least twice a day.But look at him, still, even through all of those hard labor he take everyday, still they don't get any richer? Another sad truth right? I guess that's how things are

Yes it is a circle. Situation is worst in the 3rd world countries. The poor getting poorer and poorer and the rich getting richer and richer. It is not a good feature of a fair social system. We can see it in a country like India which is called a developing country right now. India has the richest people and India has the poorest people either in the same time. this is what happened Liberal Capitalism to india though it is said india has the second fastest economy growing rate in the world only second to China. India is a country which has full of problems.

that is so true.. if you are poor even though you strive harder it seems that nothing works but there is also some that is lucky enough that made it from rags to riches.. I think in order to overcome whatever your situation is.. one must have determination... and faith of course..^_^