Poor Jimmy?

Question

Why do the rich get richer and the poor get poorer?

Answer 1

capitalism, social inequality, free markets, you can't answer a question this big on yahoo answers, it would take about 10 000 words!

Answer 2

The rich get richer because they like money and want money above everything else. That is why the immensely rich don't buy anything. It is like a disease. The poor get poorer because they don't understand or like money and they fritter it away on consumer items. The attitude is different - the poor love spending -the rich don't.
Over and above this, because we don't want people to aspire to be poor we give rewards for becoming rich and working hard. "We" being those in charge. It doesn't include me!

PS I have just read through the answers - there are some brilliant replies here

Answer 3

Actually, typically they don't... Typically the rich get richer faster than the poor get richer, so the perceived divide between them grows.

While there is lot of poverty in the world that we can all do something about (in sub-Saharan Africa, for example) simply by being more personally charitable, there is also a growing amount of "perceived poverty" that doesn't really exist. There are people with jobs & children who think they are poor because they can't afford a bigger car, or a new television.

If you want to help, may I direct you to Heifer International, who take your cash and give REAL poor people cows, goats & chickens...

Answer 4

The rich get rich to start with because they pay attention to their money, they don't buy stuff compulsively, they don't spend for pleasure, They buy necessities and save and invest the rest.

I started out 37 years ago with nothing, I bought a house buy saving up for a 33% down payment and then scraped every last nickel together to pay off the mortgage to avoid paying hundreds of thousand of dollars in interest to the banks,,,instead of paying 25 yeears, I paid 4 years. I did the same for the next house.

I saved in a systematic manner and learned about investing and over time I got rich. I don't have a 50 inch TV with surround sound, but I do have a good 15 year old 29 inch TV, I have a 19 year old Pick-up truck that I bought new for cash,, I have a 15 year old house on one acre of land worth $650,000,and I have liquid assets of $800,000.. I got rich by not spending like an idiot.

The poor are poor because they don't think about their decisions.

Answer 5

its a mystery but alls i can tell you that the people having kids at the age of 17-20 are not helping there chances to making alot of money and what pisses me off is i pay 35 percent in taxes so im probably paying for there kids to eat. Its simple the rich get richer because they have ambition and there not lazy and tell you the truth they get lucky

Answer 6

Tony, it is very simple, It Takes Money To Make Money. The more you have the more you make. I came from nothing, busted my butt saving all my life, made some great investments, in my 40's and retired for life. Life is good. It is never to late to start on the right track. I had the desire and fortitude at a young age and set my goal at 18 what I wanted to accomplish. I knew I did not want to work all my life so I figured out how I could do this and still live comfortable.

Answer 7

The rich plan to get richer, poor plan and act in a way to stay poor.

Answer 8

The rich tend to know where there money is going. They budget every dollar. Some to saving, spending and paying bills. The truly rich also don't tend to borrow money. They save for what they need and want.

The poor don't tend to budget, and keep getting into debt for instant gratification and having what they want now as opposed to saving up and buying it only when they have the money.

Answer 9

Is Poor Jimmy related to Little Johnny?

Answer 10

it's the same the whole world over it's the poor that get the blame. it's the rich that get the pleasre,ain't it all a blooming shame...