Why Are Rich Growing Richer

[Nomad]

If you look at the growth rate of millionaire and billionaire, you will see rich are growing richer. If you look at the rate of poverty, you will see poverty is also increasing in an alarming rate. Why do you think rich are growing richer and poor are growing poor?
Here is the link to world bank report that says poverty is increasing.

Overview

Fighting poverty in all of its dimensions lies at the core of the World Bank’s work. We work closely with governments to develop sound policies so that poor people can improve their livelihoods, and access social and infrastructure services and good jobs.

www.worldbank.org

 

[eLdavis]

For most the rich are growing richer because they have access to information and they actually make use of it. They see an opportunity and they quickly give it a try.

 

[Shortie]

It is sad to see this but unfortunately, it is the case in many countries. Where I live which is the UK, we are seeing this and the government we have in at the moment seems to prefer to make the rich richer and the poor poorer.

It's a shame that more is not done to help those who are in poverty better their lives and the focus seems to be on those who are already rich.

 

[Nomad]

It is sad to see this but unfortunately, it is the case in many countries. Where I live which is the UK, we are seeing this and the government we have in at the moment seems to prefer to make the rich richer and the poor poorer.

It's a shame that more is not done to help those who are in poverty better their lives and the focus seems to be on those who are already rich.

Do you realize, the government is not actually for poor or middle class people. Despite reaching to the office through the votes of poor people and middle class people, the government is there only to safe guard the interest of rich people. This is true in all form of governance including communism and socialism.

 

[freelancermaria]

The rich continue to accumulate wealth by making early investments and maintaining long-term investment techniques, enabling them to benefit from compound interest. In addition, their access to better opportunities and their entrepreneurial mindset contribute to their financial success.

 

[Jason]

Inflation would be causing money to be worth less, but that doesn't affect the rich and it doesn't affect the middle class to a large degree.

 

[riberet19]

The fiat system is designed from its foundations to impoverish the poor and make the rich richer, it is only necessary to investigate in depth how fiat currency works and the Cantillon effect it produces to find the answer to this.

 

[King Belieal]

The rich are richer because they have access to knowledge and also the means to practically implement these knowledge. That would make them more wealthy. The poor might have access to knowledge but no means for execution.

 

[Varlot]

Taxes on the super wealthy and on dividends are way too low, while too little is being invested in structural changes needed in order to increase the everyman's economies.

 

[Jason]

Do you realize, the government is not actually for poor or middle class people. Despite reaching to the office through the votes of poor people and middle class people, the government is there only to safe guard the interest of rich people. This is true in all form of governance including communism and socialism.

Communism defends the rich?

 

[Kera]

The rich are doing big businesses that gives them big profits compared to the poor with small business and profits. The rich also invest in breakthrough inventions that would make them very rich in the end.

 

[Trush Jodie]

The rich people have access to quality information and opportunities that the average person doesn't have. The rich are able to grab these opportunities and become richer. Let's take bitcoin investment for instance, a rich person can afford $1k to invest in it, and a poor person is struggling to invest $50 in it. When it pumps, it is the rich that would be miles ahead in profiting than the average person.