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spark asked in Social ScienceEconomics · 9 years ago

if money makes money?

If money makes money then why is it a surprise that the rich get richer and the poor become poorer?

3 Answers

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  • 9 years ago
    Favorite Answer

    It's not, obviously.

    It's the golden rule: Whoever has the gold makes the rules.

    And, of course, the poor don't save a lot of their income. The political discourse today tries to construe it into some kind of moral failure on their part (at least on the right), but it's really simple to understand: When you're poor, you have to decide between savings and paying rent, or buying food, that sort of stuff. If you get richer, your decisions are more about whether to postpone that European vacation or save money.

    And here's another interesting tidbit: Rich people profit from a crisis like the housing bust. If you're poorer, a crisis like that digs into your living expenses if you're affected: You have to scramble to reorganize your life. But a lot of the richer folks ended up owning an even larger portion of the economy, because they still had cash to spare. When the markets go bust, it's like a big fire sale to them.

  • 5 years ago

    I am a 14 12 months historical so i could recognize. Well to start with there's allowance, if you do not get allowance then ask your father and mother in the event you would begin getting allowance in the event you do chores on the grounds that it is simply reasonable that means. You too can follow for small jobs like supplying newspaper, im definite your historical sufficient for a task like that, they're going to receive thirteen 12 months olds. If none of the ones paintings then you definitely would have like a backyard sale in which you promote your undesirable matters, otherwise you would even promote it on-line, on ebay..additionally if someone asks you what you wish for a reward to your birthday or christmas then you definitely have got to say ''cash'' it takes guts however in the event you wish cash thats what you have got to do. Those are all my recommendations well success

  • 9 years ago

    Yes it does and Rich makes rich more rich and poor more poor and poor does not make anything , not even himself more poor.

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