If the economy is going well, my understanding is that the rich do pretty well, and the poor can get jobs and survive ok; the middle earners get pay rises, maybe move up a car class, or something.
If the economy "tanks" as they call it, what happens?
Pretty sad when you think about it:
Poor people lose jobs, have to cut back on everything;
middle earners have to tighten their belts, but are ok if they keep their jobs;
rich people get to buy up stuff on the cheap - houses, businesses, whatever.
A recession is actually good for those with money - they can pick and choose their employees, their assets, and generally bargain hunt. Everyone else is in trouble and cutting back.
Doesn't seem very fair. In times of crisis perhaps the rich could be persuaded to give back some of the money they made off the backs of the poor and average earners, to keep those people in jobs and keep the economy moving...
But, as I've thought many times before - where does it say life is fair?
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment