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Why people are differentiated as poor and rich?

  1. kalaajikumar profile image61
    kalaajikumarposted 4 years ago

    Why people are differentiated as poor and rich?

    Some people  are enjoying their life and some are  suffering from poverty.Why?
    70% are home less.God created all man with flesh and blood.

  2. profile image0
    Ben Blackwellposted 4 years ago

    One reason is because of capitalism itself.  All forms of economics serve, in a sense, to ration food and supplies.  Capitalism does so by ensuring that you contribute to society by working in a job.  That job pays you with a certain amount of money you can use to buy food and supplies.  Different jobs get different pays.  That way, you earn your share.

    However, it is the case that many people can't even get jobs.  As a result, they don't make money and can't buy food and supplies (including shelter even).  There are also some who do have jobs (such as McDonald's minimum wage jobs) that still don't make enough money to sustain themselves.

    Because of this, there is much more money still in the workplace, so to speak.  That money is taken by the rich: people who decide the salaries, or people who fill in spots with exceedingly high salaries.  They get a lot of money, and therefore, a lot of food and supplies.

    Capitalism, like all others, seeks to ration food and supplies, and it does, but not in the best way.

    1. profile image0
      CalebSparksposted 4 years agoin reply to this

      What is your economic preference then? Communism?

    2. profile image0
      Ben Blackwellposted 4 years agoin reply to this

      No.  I still don't know a lot about economics, but my current preference is still capitalism because of the freedom of enterprise it allows.  I do know that it isn't perfect, though.  What makes you say communism?

    3. profile image0
      CalebSparksposted 4 years agoin reply to this

      No economic system is "perfect", but capitalism is based on the fact that the individual has the power to change his situation and others' for the better...Communism asserts that the government is the one to create prosperity---this is impossible.

    4. profile image0
      Ben Blackwellposted 4 years agoin reply to this

      That is true.  Unfortunately, in practice, a lot of people don't have that power in capitalism, either.

 
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