The Polarization Of Wealth And What We Can Do About It

in money •  7 years ago 

Everybody wants to have a lot of money right?  But what if having more money means other people having less?  After all, money has a finite quantity.  In this day and age about 1% of the population holds 90% or more of the worlds money.  The put it another way, the obscenely rich are holding the world hostage with its own money.  During the economic crisis of 2008 former President Barack Obama had the opportunity to make an example out of some of the bankers who had caused the crisis, but he didn't do anything to them because he knew that if he punished them then the wealthiest Americans would simply move to another country for fear of it happening to them too.

If the richest of the rich were to leave and pull their investments out of the United States then the american economy would collapse all over again.  Nation-states are powerless to stop the threat of rich people taking their money elsewhere.  Most people think that governments are in control of the world because they have bombs and armies, but the truth is that bombs and armies are expensive, it's money itself that's in control.  Even rich people will admit that money controls their lives.

Do you think the wealthy elitists want to leave the wealthy countries?  If that were really true then they would have already left a long time ago.  But the thing is that money really does control their lives.  If you're a rich person and you have to face an ultimatum, like it's either your homeland or your money...  well let's just say that it's a lot easier to just move to a different country than it is to become rich all over again, especially if your homeland is an environment that's hostile towards folks being so rich.

So, what can we do about the super-rich hoarding all the loot and not leaving any for the rest of us?  We can't just bomb the money, bombs are expensive.  Countries can't arrest rich bankers for causing a financial crisis, all the other rich people (and corporations) would leave those countries.  If everybody got together and decided to be really mean to all the known rich people it still wouldn't work because then there would still be some places that are still friendly to the rich and those places would get all the tourism money.

So, what can we really do?  Well, you might not want to hear this, but if you want rich people to spread the wealth around then you might have to try negotiating with them.   Hollywood always depicts every story as unfolding like a drama with conflict and action, but this isn't Hollywood.  You may actually have to talk to a rich person and explain to them calmly and logically why you think they need to let go of some of their holdings for the good of humanity.  It's going to be super boring, and you'll probably rather be hanging out with your friends, but in the end it might be worth it.

The problem is that first you need to find rich people, and a lot of them are very busy and probably won't want to take your call.  So you're going to have to make it interesting for them.  Learn to think like how rich people think.  Find out what their motivations are, and get to know them.  And learn how to negotiate with them, there's a ton of YouTube videos about that.  Negotiating is important because that's how rich people think, you just need to talk to them in their own language of profits and deals.  Find out what they really want, and sell it to them.

It may seem like sour grapes to give them what they want in life after they've kept so much money to themselves, but try to think of it like helping a drug addict come down from their addiction to become a normal productive member of society again (because wealthy people are just money addicts), they just need something that makes them happy other than the drug/money.  Getting money away from the rich who abuse it, and into the hands of the poor who need it is very much worthwhile.  It just takes a lot of boring conversations with people to make that happen.

Violence isn't the answer, if you want to make a difference then you should speak out about it.  The trick is to say the right things to the right people.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

I like Electroneum because it has simulated mining on mobile phones. Mobile phones can be cheap secondhand and people in the poorest countries use them, unlike most coins that require a PC and expensive GPU's. Hopefully Electroneum will do well and that will help people in poor countries make more money. There's other coins using mobile phones as well, like Lomo with the Lomostar app. It's possible to make $100 or more a year with that and in the poorest countries, that's a lot of money.

Nice post,,,,vote back. Thanks you

  ·  7 years ago 

Good post

great post, distribution of wealth is a critical social issue indeed. I had a post on middle class economy, couldn't find it in my archive! (I blame steemit for poor content search!)

but found this also, not exactly same topic, but please take a look, as I'm new to steemit, my posts get very small engagements :( https://steemit.com/business/@honarparvar/how-the-wealth-changes-in-generations

I agree with your post man😄

When we think about the future where AI will take more jobs from human beings, polarization of wealth is much worrying. I hope that there will be a growing number of people who are constantly informed and that the government will have a minimum policy standard for this. As their greed grows, government regulations and judgments will determine the future of 99%.

I love the puppy Its very nice photography

Thank you very much for upvote me, I have also upvote you. Please follow me. If you follow me, I will follow you too.

help each other to upvote mirza

Its very nice i like it

In my opinion, money is a life choice, not a destination

help each other to upvote teukuamrullah

Pls follow and upvote me 🤗

so also follow and upvot me

Membuat gambarnya dari aplikasi apa kalau boleh tau, maaf saya ingin belajar dan saya baru pemula

This was definitely an interesting post, I believe the key to success is the perseverance, always and forever @anomaly!!

a lot of donations thinking terlimpahkan to steemit .steemit make people to be more active and creative

Perseverance is a good quality to have @alexandria. I'd add change too the strategy. Change is a very hard move, because it takes courage to switch from habits; to try the new, the unknown, the risky. But it is a GReat feeling to look back and be able to say "oh man! Did I do that?!" PEEace!

good posting
have a nice day

I suggest turning the monetary system on its head so that money is distributed from the bottom up because it's natural that when anyone has something they want to hang on to it for their own security and consequently one will always face resistance when trying to get it from someone else who will already has it

nice post @anomaly

So the poor can do nothing and just beg the rich for some bread crumbs.

That's not working to good, is it?

Good post

This has happened before. Seems this is the time when you need Governments to actually do something, regulation!!!!

Thanks you good fosting ^^

blah blah...

money vs lethality? who wins?

violence is always the answer... but for love. for the rest 100% success rate, always. once the enemies died...

Just upvoted

@anomaly , very interesting the content of your post. Thanks for sharing. Congrats. Upvoted and followed.

anomaly, can help me to introduce steemit friends who are hobby adventure .... thanks

Wow this is a timely enlightenment

That is a noble idea however not very realistic. First you have to understand how the rich have gotten rich. Fiat currency and bribing our US politicians. The legal word for bribing is "Lobbying". This means that the only reason the 1% give up there money is to bribe a person that will assure that they will get even more in return. I would love to hear your other options. I think we can come up with a non violent way we can all be somewhat happy.

You are right on spot but I may disagree with you on one point and that is the rich don't want to leave the rich countries. Many of the rich people in Europe and America have shifted manufacturing side of their companies to China and India which provide cheap labor. So, they are exploiting the poor public in these countries in a more easy way than that in the developed countries. The rules and regulations in the developing countries are less-strict.

China isnt really a developing country but boy is it overpopulated

They are developed in a sense but still, a large population is in poverty.

Imagine when robots are released in large scale. Millions unemployed. They'll probably leverage the training of the younger population in science and technology.

One of the main reasons we got this debate is that those who don't want to develop they remain where they belong too and those who want to move forward they will continue to make bold decision I believe you're not poor by how much you earn money but you're poor because you decide to remain poor it's not about money but it's about the decisions we make.Best way to live a better life is to help each other & the boundaries of rich & poor will be vanished.

The rich are not the problem. The banks are not the problem. Government is the problem. And the market is far from being a zero-sum game, even when the currency is manipulated and banks practice predatory fractional lending.

Your post is very useful, nice post.

super my leader

One Man's Trash Is The Treasure Of Another

It's a mistake to think that there's a set amount of wealth, and all economic activity only moves it around, and that the gain of one person is the loss of another.

Verily, new wealth is always being produced. In mines, for example, metal is dug up that wasn't in use before.

In free societies, the rich are rich because they create wealth, not because they steal from us.

A sad truth: most people are foolish. They go on shopping sprees, rather than investing their money. If they did that, they—and the world—would be much richer.

Here is what I think must be done: become wise, save, invest wisely.

Wow

Yeeeeeessss hehe

great post @anomaly, I feel like that problem is that first you need to find rich people, and a lot of them are very busy and probably won't want to take your call. So you're going to have to make it interesting for them. Learn to think like how rich people think. Find out what their motivations are, and get to know them. And learn how to negotiate with them... I am newbie in this platform and trying to built up communication with them... thanks for information...

Nice post :)

a very realistic and heartfelt writing, everyone talks about how to make money, and the few who are able to turn their money into something useful for some unfortunate people earn a lot of money, thank you for shared @anomaly

Thanks for the vote!! and great article!

everybody want to be mellenior

nice

peace!

Good post tnx.

muy bien la publicacion, espero que sigas publicando saludo.

Everything is a mind game...sometimes id rather not play it than stoop down to a money addicts level...but then again sometimes I would...

like :)

Hello.
I hope we can have a good trip.
I don't know English very well, but I hope you are doing well.

I need one more help form you pls upvoye my comment lavanyalakshman in given post pls

https://steemit.com/steem/@minnowhelper/minnowhelper-writing-contest#@lavanyalakshman/re-minnowhelper-minnowhelper-writing-contest-20180207t064346717z

I participate in this contest pls support me all of you

Bang on the money there! (Puns, I've got them)

very interesting to read!

Greet post

I @adikuala before replying to your comments I thank you for the vote you gave me in my posts titled
(WASP TIGER VS GARENG / DEDE KHUENG)

I read your comments in your posts entitled
(The Polarization Of Wealth And What We Can Do About It)

I agree with your opinion.
posts that are very interesting.
I copied your posts and even posted them in important document of smart people argument.
continued success of friends

hopefully cooperation with you can create great work also for me with the enter from you.

my best regards @adikuala
IMG_1816.jpg

@anomaly the last one is the best of them all. Say the right thing to the right people. Being a former financial advisor this is the basic but most people tends to ignore this. I often advice my juniors to learn this and put it into their life Bible. Be it in our daily life, their career or how we treat our family, our community and others. Kudos to you and this write up. Cheers

Hi, I'm here new, I like your blog, I hope for reciprocity and invite you to my profile

Hi, I'm here new, I like your blog, I hope for reciprocity and invite you to my profile @anomaly

Hello there!

This post has been upvoted as a thank you for supporting @sexywhalebot.

Have a sexy and profitable day! : ]

Vote and follow @zulfahri220893

thank you steemit friends mutually upvote

👍👍👍👍

thanks for the valuable post.

Gracias por tu voto! He votado por ti!

Vote back @arvarisa

Good Information for us ....

I need guidance from you

Tres bien c'est un sujet utile

Money is good if you get from good works but it is evil if you get it from bad things.Thanks for the nice post @anomaly

Wow....

Gut.....

steady ya post it, upvote back

gave you a follow brother

Upvoted.

Upvoted.

👍👍👍👍good information thank you

of course this takes a lot of learning and patience ..

thank you .. 1 votes for you anomaly

Muy buen articulito,te estoy siguiendo y te vote espero me leas y votes por mi@pedrolavado

I appreciate the chance to read your perspective. I've known several rich people and I believe your approach would work better with them than most approaches would. The rich people I've known have several characteristics in common. All of them have been charismatic. All of them have been fascinated with people in general and relatively open to interacting with them. And all of them regard the marketplace, the whole economy really, as a game to be played playfully, but with rules to be followed seriously.

To the other readers here, I say: The rich people I've known think the market reliably rewards merit in ways that politics, religion, and other social endeavors do not. Now of course you can quarrel with this. You can say science rewards merit better than commerce does. Or you can argue that the rich are trying to rationalize their own wealth and success as nothing more than merit's due. Yet I think the genius of the negotiation approach, recommended by @anomaly here, is that it lets you leverage what you know about what so many rich people have in common.

Hello friend @anomaly, it is true to give to the poor, and the one who has money is not totally happy because that is not everything in life, it is simply a necessity but not happiness. Thank you for sharing this wonderful post, happy and blessed day

GREAT POST

In Russia exactly 100 years ago, "persuaded" the rich to share. It turned out that it turned out ...

Post and follow me @mahendra23

Leaving comments asking for votes, follows, or other self promotional messages could be seen as spam.

Your Reputation Could be a Tasty Snack with the Wrong Comment!

Thank You! ⚜

Living together should be peaceful.

good @anomaly

good post man...

good posting
have a good day-

Nice writing, and good mechanics. I'm rusty at it. I read Too Big To Jail somewhere. That is pretty applicable.

cuddle attack gif

Thank you bro

Is money able to flow in the opposite direction? What if money/value flowed from the low Point upwards? The problem with trying to get money from the hands of someone that already has it is that you'll always face resistance ☺ the monetary system needs to be turned on it's head, decentralized, and ways invented to distribute value from the bottom up 💴💵💷💶💲💰💳

  ·  7 years ago (edited)

Actually, Obama didn't technically not do anything -- that would have actually been better. He bailed them out of what should have been a sure destruction through the forces of capitalism. The idea is a business will fold if it can't make money. These businesses like Merryl Lynch and others should have failed when they were going bankrupt.

Capitalism, at the heart, says this is progress and a better business should (theoretically) crop up to take over. Or maybe the whole industry could become obsolete and no other new business is needed. That's still progress.

So without real capitalism taking its course, this type of greed and collapse will happen again. Nothing was put up in its place besides new regulation which has been slowing getting more lax since 2008. We aren't anywhere near a true capalist society anymore and I am skeptical of anyone who says we are and it is fail-proof.

Also, instead of blaming Obama, I would include his advisors (treasury secretary, federal reserve, etc.) He was much better than our current president when it comes to listening and heeding what experts say and he was acting from what they said was right. A president, let alone an average citizen, can't understand this monster we call the US monetary policy and that's why they have a cabinet.

Guess who now runs a lot of the fed and treasury? A lot of guys who worked for these investment banks that caused the 2008 crunch.

hi.gif

Hello dear friend @anomaly, a warm greeting! In the society tends to be in moral dilemmas before various problems of the country, just as what happened to Obama with the wealthy population of the country.

It is hard enough to accept it, but society or rather we as human beings are attached to our goods, due to the effort that is invested to earn them.

For example, in Venezuela currently the economic crisis shakes the nation with the inflationary deficit, but there are epresarios that leave and others that stay supported by the government in its majority, to give a little more time to the government period that is almost unsustainable .

in some cases adherence to regulations by a state is something that goes in favor of its principles in theory, but in practice does not occur as well, since there are poor there must be rich, for men to exist there must be women, all It is part of an equilibrium that, even if it is a bit unfair in some cases, tends to be a fair bit at the monetary level before the globaization of assets.

all this gives rise to the omission of the rules in the way that suits the ruler and his team, since to maintain a state to the person who will grant benefits, will be given priorities and benefits with respect to their retention (Example the rich and purgatory in ancient times).

to finish it is not necessary to remember that since the beginning of humanity all work to live better, under effort and perseverance in most cases, this means that at the moment of letting go of their assets is a moral dilemma:

x) give away my assets to help or keep them to improve my life and my family's?

What we need to know is:

How to make them help you
Where to make them help you
When do they help you.

to get the best results in this way._

He has written @aye2001 and I wish you good morning, dear fellow.

And also the greatest sustenance of a belief

I appreciate your fresh perspective on an age-old problem.

wow excellent

I like this!!

Thanks for your upvote! Upvoted you!

ClinOeil4.jpg

@originalworks

hi, good post and an interesting view. But let me ask you this, is there any other way to communicate with rich people? you can only negotiate with them and negotiations always involve money. a business proposal is listened to with interest. a request for a donation is deferred to their wealth manager!

very few rich people are law abiding folks. in this respect poor/rich are alike. law is just a tool that can be used or abused.

there is huge resentment building up at the ground level in all countries. society is showing its cracks. this is more visible in developing countries where the wealth gap is obscene

rich people are defensive about their wealth. they always think that people are trying to take it away from them by hook or crook (they are probably right). that makes it harder to have a real conversation about their wealth

i think somewhere the macro economics will have their say. if you have a lot of money and their value is notional because of the state of the economy then there is a chance that the rich may reduce when the economy goes under.

so in other words wealth nullification wins over distribution because that is the way society has been shaped for 1000s of years

I appreciate your support, thank you.

There's a lot of truth in what you say, but I don't think you're going to be able to just convince them to voluntarily give up what they have for the good of the rest of society. We could also just get together as the major powers on earth, set a minimum corporate, income and ideally also wealth tax for rich people, and together boycott, divest and sanction any other country that sets their taxes lower than that. How long would the Cayman Islands survive if nobody from the outside traded with them? They'd give up before it even begins, they're probably not even sel-sufficient on food.

  ·  7 years ago Reveal Comment