Asked by Anonymous

Why do people say "the poor get poorer, the rich get richer"? Even though there are examples of poor or disadvantaged people who became fairly well-to-do, or sometimes even rich?

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  • Cheng You Yi
    Cheng You Yi
    Level 3. Wonderkid
    Answered on 02 Nov 2018

    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.

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  • Junus Eu
    Junus Eu
    Top Contributor

    Top Contributor (Apr)

    Level 7. Grand Master
    Answered on 05 Apr 2019

    This video puts the advantages of privilege much better than words can:

    https://www.youtube.com/watch?v=4K5fbQ1-zps

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  • Png Cheng Xi Damien
    Png Cheng Xi Damien, BSc Finance at SUSS
    Level 4. Prodigy
    Answered on 02 Nov 2018

    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.

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  • Elsa Goh
    Elsa Goh
    Level 5. Genius
    Answered on 02 Nov 2018

    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.

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  • Kok Koon
    Kok Koon
    Level 5. Genius
    Answered on 02 Nov 2018

    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?

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  • Gabriel Tham
    Gabriel Tham, Kenichi Tag Team Member at Tag Team
    Top Contributor

    Top Contributor (Apr)

    Level 8. Wizard
    Answered on 02 Nov 2018

    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

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