WHAT MAKES THE POOR POOR.

This was one question that really bothered me for over 2 decades now is the difference between the rich and the poor. I have heard some wealthy men say that they are not afraid to start over, some say they will even see it as an opportunity to correct some mistakes they made in the past and when I ponder on this I discover that a man scared of losing all he has is not truly wealthy and wealth isn’t about money. In fact wealth is what brings money. It is like saying you must be wealthy before you will have money as money is just a product of wealth. I listened to someone who said that if you see any opportunity making waves in the public, know that the wealthy men have already made their fair share and whatever you see the average man trying to make is a fraction of what the wealthy men have already made. The moment I understood this concept I started reflecting back and realized how many opportunities I have missed, from Bitcoin, to Hive (when it started as steem) and a lot of others..

Photo by bennett tobias on Unsplash

I backed out either because of fear, or because of peer influences. I wasn’t courageous enough to recognize opportunities and seize them which was why I never benefited from them. This shows the huge gap between the wealthy and the poor. And until the poor have access to the kind of information the wealthy have, and have the courage to take actions like the wealthy do, they will continue to be poor. This is why even the government will rather invest in a certain trust than in the entire masses. This is not me supporting the government, but one thing I have come to understand is that the government even takes more from the rich, but it is not so obvious because the rich pay the government through the poor. The rich understand the loop holes in the government and use those loopholes to their advantage.

For example, instead of a wealthy man buying a home for his family, he will rather invest it in something he believes in and try to maximize the risk, then probably use the profits from that business to buy stocks which means he now has an asset and an investment. After buying stocks, he sees the stock has risen to a point, he can trade that stock for a more stable asset in the stock market, take a loan from the bank using his stock as collateral, then invest that money into buying an entire housing complex where he can rent lots of apartments out. Now he does not have to pay tax for the stocks he has, he doesn’t have to pay tax from the loan he collected, and the building he now owns is already covered by the rents he collects. So you see, his tenants pay his tax for him through their rent while they also pay their independent tax and they tell you the government favors the rich. It is very clear that at the end of the day, the average man does not know government processes, or even the type of tax they should or shouldn’t pay. They lack the audacity to stand up for themselves, and they blame the government for favouring the rich.

THIS IS MY RESPONSE TO HIVE LEARNER'S PROMPT FOR WEEK 202 EPISODE 2