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Rich Get Richer Essay

903 Words4 Pages

We all know that in the Philippines, there is this big divide between the rich and the poor. The poor get poorer, while the rich get richer. Why do think is that?

There are many reasons,but for purposes of simplifying, let us focus on one thing. The rich know how to get richer and they are actively engaged in activities that make them accumulate more wealth. On the other hand, the poor, who do not know how to make ends meet,are indebted up to future generations (this is an exaggeration, but may actually be true for someone out there),are averse to making money because they think money is evil, have poor mindset versus the wealthy mindset of the wealthy, and other reasons which I cannot fathom at this time.

Why do the rich get richer? Take the following situation.

One day, I was at a fast food store, queuing to …show more content…

What else? Do you see the price of magic sarap and the like? I can 't remember the exact name of that product I bought--it costs, 4 pesos in the palengke, when it is supposed to cost only 1 peso! The poor pay more you think? You bet they do.

Now let us go to the all time favorite of all, the credit card.

The rich use their CC to the max and then by the end of the month, pay in full for whatever they purchased. What do they get for that? They get the full points, and they do not get charged by the bank.

What about the poor who also uses the credit card, and spends more than he can pay for? He will pay only a certain amount of what he owes -- not the total amount, therefore, he will be charged by the bank. "Konti lang naman," he says, but if you total that for one year, I doubt if you will still say konti lang naman.

What the poor pay for as fine, the rich enjoy. Shocking?

That is because there is inequality in the system. The system is rigged so that the rich become richer and the poor become poorer.

But it doesn 't have to stay that

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