why are the rich getting richer or the poor getting poorer?

Question

who's to blame and why is it happening?

Answer 1

we are because we allow, it, the American empire will fall because of it, the rich will became royalty and live in castles/gated communities and the poor will be slave/peasants/serfs just like after the fall of the roman empire. and the states will divide in to city states/country/kingdoms.

Answer 2

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?

Answer 3

First, the poor are not getting poorer. Maybe you should quit parroting mindless catch-phrases that you hear in the news. Much of the "poor" are Latin American immigrants who are much richer being "American-poor" than being in the true poverty they previously experienced in their home countries. Even American-born poor people tend to be overweight, which is usually not a sign of poverty in most of the world.

As for the rich getting richer, why wouldn't they? The vast majority of them are rich because they have valuable skills and are extremely productive -- they aren't going to lose those abilities. Plus when you have money, you can invest it to get returns on capital.

Answer 4

the answer to this question is a complicated one. there isn't just one cause, but a large number of things. for instance, the rich have money because they understand the financial system, and they know how to manipulate it to get more money, so they get richer. where as the poor rarely understand finaance, and if they do, they would be fighting their way to the top. there are a number of other factors from family inheritance, and investments, to tax evasion, and charity.

our society has grown to idolize material wealth over anything else, so we hold the rich to a higher standard, and with their money, they are able to avoid many charges the poor don't have the resources to evade, let alone pay for. it's a downward spiral of biblical proportions

Answer 5

There are more consumers therefore, exponentially, American corporations sell more of their wares to bloated, spoiled Americans who need the latest and greatest (SUVs, Plasma TVs) and thank almighty God for the indestructible credit cards that allow us to spend more than we make.

What was the question? Oh yeah, the rich have more people to get rich on and they're too greedy to share their riches with the po' people.

Answer 6

Well, are you asking your question in a domestic context (income inequality within a nation) or international context (income inequality between countries)?

Domestically, wealth concentration is inversely related to inflation and strength of labor unions and directly related to immigration.

Internationally, the differences in income levels between countries are largely due to their institutions; countries that practice restrictions on international trade, extensive government ownership of business enterprises, excessive regulations, and massive corruption usually have sluggish economies...

Answer 7

Compound interest.

Answer 8

money rules