Thursday, July 24, 2025

Inequality 44, The rich get richer, the poor get rich

The "poor getting poorer", I do not think it's happening on a large scale. Rather, it's more of: the  poor getting middle class, middle class getting rich, and rich getting richer. And it's a good and desirable society.


Poor people who were once riding carabaos and bicycles now riding motorcycles and e-bikes. And will soon be riding 2nd hand cars. The poor who used to communicate via slow mail, "smoke signal", or pigeons as mail couriers, now communicating via FB messenger, viber, IG, whatsapp, etc.


The rich discard their sedans and buy SUVs or luxury vans, the 2nd hand sedans go to the poor or lower middle class.

 

In a rice farming barrio that I regularly visit in Pangasinan, I think 95-99% of all houses there have at least 1 motorcycle or tricycle. Some have cars, gifted by the kids, or the farmers themselves bought cheap.


Three good articles I encountered recently, enjoy.


The rich get richer and the poor get… richer.

CHRISTOPHER SNOWDON, 11 SEPTEMBER 2015
https://iea.org.uk/blog/the-rich-get-richer-and-the-poor-get-richer

 

As the rich get richer, the poor get richer

Daniel Hannan, April 8, 2018

https://www.prageru.com/videos/as-the-rich-get-richer-the-poor-get-richer



The Rich (And Everyone Else) Get Richer
Paul Schwennesen, APRIL 22, 2024

https://lawliberty.org/the-rich-and-everyone-else-get-richer/

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