| json_metadata | "{"app":"musing/1.1","appTags":["life"],"appCategory":"life","appTitle":"Why does the rich continue to be richer and the poor poorer?","appBody":"<p>I think it goes back to the tortoise and the hare fable. Only the rich are no so stupid to fall asleep and allow the slow poor to catch up.</p>\n<p>We saw it with Steemit. Those who had the money and the contacts to buy plenty os Steem when this started had the upper hand. The platform is in theory a democratic environment where anyone can become a whale but if you are already a whale from the get-go, no tiny fish will ever be a competitor.</p>\n<p>Rich people, especailly those who are born into rich families, have the know-how, the contacts, and the motivation to do what must be done when it must be done. That allows them to constantly invest and re-invest their money so that even if one business goes down, their fortune does no suffer.</p>\n<p>The average Joe will always be at risk of one failure. One business gone wrong may send them back to nothing in debt and probably in legal problems. True, some rich people started from scratch, but their success stories are in the minority among thousands of failure stories.</p>\n<p>Rich people have the means to hire the right people to do the work of a thousand. They do not have to worry for mundane things that may consume the time of someone who is struggling to get ahead in the game.</p>\n<p>Rich people can receive favors without having to touch a cent of their money. Just with a promise to return the favor, they can achieve things that would cost a fortune to a nobody.</p>\n<p>We see it in Venezuela, how most people are below the poverty line now, but those who were already rich when Chavez started 20 years ago are even richer now. They found ways to adapt to whatever pervertion was done to our economy and no matter how expensive things are for the average person,their business will always be a step ahead and they will always have the resources to maintain their standard of living and several investments (home or abroad) providing constant refilling for their treasure.</p>","appDepth":2,"appParentPermlink":"p33l2ulaq","appParentAuthor":"aalom","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"answer"}" |
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