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Income Disparity

Updated on September 27, 2011
The poor share a shrinking portion of wealth.
The poor share a shrinking portion of wealth.

How the Rich steal from the Poor

How do the rich steal from the poor? Why does the richest person earn thousands or even millions as much money as a poor person? Do they deserve all that money? Is the money fairly earned? What is their dirty secret?

Before I go any further, I am not complaining about true capitalism or entrepreneurs. If you created something new and sell it without coercion or government help, then you probably deserve your wealth. This article is in reference to those that collaborate with governments to steal wealth from the poor.

This is also not an excuse for most people to remain in poverty, especially here in the USA. Even if you are working at a minimum wage job, you should be investing some of your earnings into improving your future.

The dirty little secret of most of the world's wealthiest people is the creation and use of fiat currency. If you can create a million dollars out of thin air, you invest that money to earn more money and then return the original money. Currently, the federal reserve has pledged to keep interest rates at zero percent to help the economy. But those zero rate funds are only available to those with political or banking connections.

For a while, the middle class was able to take advantage of some of that fiat money. They could borrow from banks to buy housing, let their property appreciate, then sell the property at a nice little profit. They weren't using their own money, except for maybe a small down payment, which they would often put on their credit cards.

The result of all this easy credit and money going into real estate created a bubble that eventually popped. Now the middle class is starting to disappear in America. A huge crack is starting to appear between the rich and the poor. Either you will be at the top or at the bottom.

Only the death of fiat money and the return to a metallic money standard will solve this huge disparity in incomes. Money should not only be used for trade, but it must also be a store of value. That is why gold was the king of money for thousands of years.

Rich Steal from the Poor

Comments

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  • manthy profile image

    Mark 

    6 years ago from Alabama,USA

    I agree 100% great hub

  • junko profile image

    junko 

    6 years ago

    I agree with you about Fiat being the greatest evil. I also believe that Fait is the Mother of all fraud in America and the world.

  • Pente profile imageAUTHOR

    Pente 

    6 years ago from Planet Earth

    I personally believe that the creation of fiat money is the greatest evil ever perpetuated upon mankind. If I was granted one wish to make the world a better place, It would be to return the world to a gold standard.

  • junko profile image

    junko 

    6 years ago

    Fiat money could only be concieved and created by the rich and powerful of the Western civilizations. The new world order put the rest on the world populations in the same position as the rich and powerful in America has put the American people. Now the Western civilization are in a Fiat war that is crashing the world economics. Now the common man worldwide is suffering. Your simple truth should get more comments, but the people are looking for more complex reasons for our problem. Vote up & useful.

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