Asked by Anonymous
It takes a lot more effort for the poor to go up the ladder. Not only does not the poor have more obstacles to hop through, the rich also has more resources and opportunities to get to the next level.
This video puts the advantages of privilege much better than words can:
It all depends on where the person is born, and of what race. It may sound off-topic but wealth is largely driving my govt policies. Fortunately in Singapore, it is much easier for the poor to become rich or at least live a comfortable life. Not the easiest in the world, but easy enough. But there are still traces of racism which puts the minorities at a slight disadvantage.
The poor definitely has to work much harder than a rich person. Wealth creation is harder than preservation.
Two people put money in a bank account at 1% interest rate. A puts in $100 as that's all he has to spare. B puts in $1 million cos he can. 1 month later, you have your answer.
Sleeveless to sleeveless in 3 generations. Fu Bu Guo San Dai
Truism is dime a dozen. There's 2 sides to a coin.
You will always be able to find evidence for the argument you are already convinced of.
So what are you going to do about it for your own PF?
There are always exceptions to the norm.
Rich can become poor. Poor can become rich. Not majority but there will be a few.
Same like entrepreneurs vs employees. Not all can be billionaire entrepreneurs but some do make it. There is even a chinese saying Wealth never survives three generations