World Economy Caters To The Rich

Saturday, March 5, 2011, AM | Leave Comment

World economy caters to the rich. The poor is unable to even see the ladder to take the first step up. They have no strength left in them. They were born poor and they will die poor. They seem to have given up. Every country in the world seems to make laws to get the rich richer and the poor poorer. Even if there is a law that minimally tries to lift the the status of the poor up a little, it’s the rich who take advantage of the law for their own benefit in the name of helping the poor.

Why is the poor getting poorer? Is it their minimal education and incompetency that they cannot benefit from the world economy? Does the law have loopholes that the rich can readily take advantage of to fill up their own financial bellies? Is the rich arrogant and the poor ignorant that the financial and social gap between them is getting wider and wider continually and consistently?

The Economist magazine on October 7, 2010, had this to say:

“Poor countries, especially young ones, ought in theory to invest more than they save, and so be a net source of demand for richer, older ones, all the more so when the latter are in bad shape.”

I don’t understand it. May be the statement means something else but on the surface I think what it means is that in a crisis when the older and richer economies are on the downside, it’s the newer and poorer economies that ought to help the richer ones.

Why should everyone be so worried and concerned about the rich? Is it always the working class – the overwhelmingly poor – that will help the rich in a time of crisis? Who is going to help the poor in their never-ending crisis of how to feed and clothe themselves?

Census.gov reports on its Website the poor is getting poorer.

  • The official poverty rate in 2009 was 14.3 percent – up from 13.2 percent in 2008.
  • In 2009, 43.6 million people were in poverty, up from 39.8 million in 2008.
  • Between 2008 and 2009, the poverty rate increased for non-Hispanic Whites (from 8.6 percent to 9.4 percent), for Blacks (from 24.7 percent to 25.8 percent), and for Hispanics (from 23.2 percent to 25.3 percent). For Asians, the 2009 poverty rate (12.5 percent) was not statistically different from the 2008 poverty rate.
  • The number of people in poverty in 2009 (43.6 million) is the largest number in the 51 years for which poverty estimates have been published.
  • Between 2008 and 2009, the poverty rate increased for children under the age of 18 (from 19.0 percent to 20.7 percent) and people aged 18 to 64 (from 11.7 percent to 12.9 percent).

I am so Dumb to understand…

Because of lack of education in this matter, I am so dumb to understand what goes on in the financial world. As a member of the general populace of poor, why am I so poor that I can’t see “nothing” bright in my future? I can’t see “no light” at the end of the financial tunnel. For the poor, there is no end of the tunnel. It’s all darkness. Nobody can see in the darkness let alone the poor.

Listen to this f***ing shit…

“If we put cash in uneducated, poor people’s hands, how do we monitor whether they spend it on a nutritious meal and not on potato chips, soda, alcohol and shampoos?” asked a government official in New Delhi, India, which is likely to test out cash handouts soon.

It may not be so f***ing shit after all. What if the same cash handouts were started here in the States? Would the poor and uneducated spend it on those things that the Indian guy was referring to? Maybe, maybe not.

The rich have one type of mindset, the poor have another and totally different. Their way of thinking is ocean apart. The rich take advantage of the handouts in terms of the loopholes in the U.S. tax code and get themselves richer, while the poor will spend it on something that will keep getting them poorer and poorer.

In a Nutshell
The economy is on the path of recovery – recover my ass. The recovery is for the rich and rich only. Read the census report one more time.

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