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Why does the poor remain poor while the rich are getting richer every day?
It's a systematic privateering greed and power addiction akin to the feudal system except with iPods
The rich are able to save more easily and invest more while working class they are unable to because most or all income spent.
I think that the two situations are not linked. Generally speaking, the best way out of poverty is education focussed on equipping people will the skills necessary to secure well-paid jobs in the modern work. This requires investment by governments in the education of their citizens PLUS hard work and focus by learners. The old adage that you can lead a horse to water but you can't make it drink is true - too many kids here in the U.K. do not appreciate how lucky they are to have access to free education up to the age of 18. And too many parents do not seem to know that the best thing they can do for their children is to encourage them to work hard in school. I am from a working class background. My mother taught me and my two sisters to read before we started school. We were all encouraged to enjoy learning and we all eventually went to university, secured good jobs, and continued to learn and acquire new skills.This was in the days before the introduction of university tuition fees. This year there has been a decline in university applications by working class kids because they know that by the time they have earned their degrees they will have amassed huge student loan debts.
The rich get richer for a number of reasons. High earners have large sums of disposable income which they are able to save and invest. If they have invested wisely, the income from their investments increases year on year. Some people have vast inherited wealth and will never need to work. Some people have acquired wealth through shady deals or corrupt governments.
The only way to redress the balance between wealth and poverty is by taxing the rich and using the tax revenue to improve educational opportunities and to invest in job creation.
Yes, education is the key in today's world. But I am saying is not only education that can help to break through poverty boundries. Govenment officials and entrepreneurs should give the disadvantaged people opportunities to start their business.
by IDONO3 years ago
If the rich get richer, and the poor get poorer, how does the middle class shrink?Seems like more space is created and with population always increasing, seems like the middle class should expand, not shrink or...
by rhetz7 years ago
Why is it the rich getting richer and the poor getting poor and have nothing at all???
by craftybird7 years ago
Do you believe that the rich are getting richer and the poor are getting poorer in this economy?
by Tony Lawrence6 years ago
Or they will if Romney gets his way:http://www.philly.com/philly/opinion/20 … _rich.html
by Goodpal3 months ago
Why everything in society gets decided by the rich?Will the rich any importance left if suddenly all the poor people vanish from the societies? In fact, poor people work at cheaper wages to create wealth for the rich....
by Grace Marguerite Williams2 years ago
Why have the rich always been demonized while the poor have always been glorified, even deifiedby some social & religious pundits? What makes these social & religious pundits consider the rich to...
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