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One or two word answer is sufficient.

2006-12-14 14:57:35 · 5 answers · asked by tictac 1 in Social Science Economics

5 answers

I hate to burst your bubble, but the poor are NOT getting poorer. Census data, linked below, shows that over time, both the rich and poor, and all other income groups, are getting richer! There may be short term fluctuations, but over decades, the poor are getting richer.

Furthermore, all income groups tend to move in the same directions at the same time. In other words, when the rich are getting richer, the poor are too, and when the poor are getting poorer, so are the rich.

True, the rich get richer faster.

All this crap about the gap between rich and poor and the poor getting poorer is just a smoke screen used by people to instigate class warfare. What difference does it make if the rich get richer faster than you are, as long as you are getting richer too?

2006-12-15 11:31:01 · answer #1 · answered by Uncle Pennybags 7 · 0 0

Because the rich are hardworking and the poor are lazy in developed countries. In developing ones the poor do the same thing but they also don't get government support.

2006-12-15 11:59:42 · answer #2 · answered by Mathew C 5 · 0 1

coz of compound interest n sometime bcoz of inflation it dpend

2006-12-15 09:20:03 · answer #3 · answered by Anonymous · 0 1

compound interest
investment in human capital(education)

2006-12-15 06:39:11 · answer #4 · answered by meg 7 · 0 1

quite normal

2006-12-18 14:06:36 · answer #5 · answered by ewwwbuythismobilecom 2 · 0 0

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