sign in • sign up
web | myLot | discussions | blogs | news | photos
homeinterestsdiscussionsblogsnewsmessages friendsphotosearningsmyLot

The rich will suffer more if things collapse email this discussion to a friend?

myLot reputation of 87/100. marchgale (158)3 months ago

It is my opinion that the rich would be in more trouble than the poor, if the bottom fell out tommorrow.Why you ask? Well the poor are more accustomed to surviving with little or nothing.And some of the poor already live like this now.The ones who don't are still wiser and have better survival instincts.The rich will not have much of a clue as to what to do without that money and life style they have always had.

 
 
sponsors
Audi R8 Discussion
Find Other R8 Owners Audi R8 Forums& Photos.
www.InsideLine.com

Map Control for ASP.NET
Easy To Use SDK For Programmers. Download Your Risk-Free Evaluation.
GIS.ThinkGeo.com

Find It at Local Pages
Looking for aspx web hosting? Search LocalPages.com.
Localpages.com

madlees (1116) response was accepted on 5/18/2008.
denotes best response.
tags:  rich, poor, economy, survival, luxury
 
1. myLot reputation of 80/100. hornswaggled (867)   3 months ago

I think you may have a point but they also have more education,resources,savings, and collateral than you or me. I would love to see some CEO's of certain companies go down...I know it's not a very Christian thought but that is the way I feel right now....I do think we have the perseverance of the survivor so it will be interesting to see.


myLot reputation of 87/100. marchgale (158)  3 months ago

Yes but maybe all those things they have will become irrelevant in some situations.
I don't know but I have a feeling mankind could end up starting all over with nothing but the basics.I definitely think something is comming and soon.And when it does nothing will be the same.I have had this feeling for years now and it won't go away.

Audi R8 Discussion Find Other R8 Owners Audi R8 Forums & Photos. www.InsideLine.com
 
2. myLot reputation of 95/100. xParanoiax (2745)   3 months ago

That, and the poor would prolly hate them and in this scenario there'd be riots, and they'd prolly come raiding the rich people's fancy houses.

Some of them, with the foresight to see things are getting pretty bad these days are preparing..but I don't know whether or not to pity those who're too blind to see it coming.

Map Control for ASP.NET Easy To Use SDK For Programmers. Download Your Risk-Free Evaluation. GIS.ThinkGeo.com
 
3. myLot reputation of 98/100. chapcity (933)   3 months ago

I would still like to rich though!


myLot reputation of 98/100. chapcity (933)  3 months ago

That is I would still like to be rich though! I could always learn to cope with less things later.LOL

Find It at Local Pages Looking for aspx web hosting? Search LocalPages.com. Localpages.com
 
4. myLot reputation of 95/100. spalladino (2053)   3 months ago

I don't believe that rich people would be affected too much by an economic collapse because, in order to be considered rich, one must have money and an economic downturn can't take that money away. There won't be a repeat of the Great Depression with banks collapsing so these people would still have their money even if the country sunk into a recession. I think that low and middle income families would suffer the most because most people in those catagories don't have enough, if any, money in savings for emergencies. They live paycheck to paycheck and a sudden loss of income would cause a serious situation for them. They would be most at risk to become homeless.

 
5. myLot reputation of 67/100. madlees (1116)   3 months ago

yes what you said is right. That happens when you get used to luxury. If you have not tasted luxury and lost it you will not know or understand that. I have and I can understand what marchgale is talking about.

I had got used to having and going about in a car from the day I had known travelling. We used to go wherever we wanted with our parents, travelling in a car as a family and enjoyed every moment. Even for going shopping or wherever I wanted in a car with a driver to take us. Even after my wedding I carried on a similar life I never had any problem.

Suddenly one day I got into bad time. I lost everything and the car went along. I had to walk or get an auto wherever I went. I had even travelled in a transport bus here . I can't tell you how much I suffered without knowing why I had to go through .
Now we have got the car but I know how to travel and do not treat it as a necessity now, only a luxury which might go anytime. All the best


myLot reputation of 87/100. marchgale (158)  3 months ago

Thank you for your story.I bet you learnred from that experience.I too learned the hard way.And that which does not kill you makes you stronger.

 
6. poppy76bg (31)   3 months ago

If you are poor you will not be very happy. It is good to be in the middle class or to work for the rich people, e.g. to be social responsible. Some rich people who are having companies must be social responsible to the society and environment.

 
similar discussions
what is the eassy way to get rich hmm?
hmmm, you know i want to be rich but what is the way to get rich hmmm
Will we be happier if we have a rich boyfriend or husband?
Today,my manager was trying to introduce an engineer for me with the intention for me to have extra...
Wat will u first do wen u become a rich????????
Everybody wanted to become a rich person.If u get 1 million doller wat will u first do????
Wow, I'm RICH....
...or alteat that's what they keep telling me. For no good reason at all, in the last three...
how do you like to be rich and famous?
i want to experience that. hopefully it will come. i want to experience how to be super rich. i can...
Poor and Rich..
Do you ever wonder why there are more people who are poor and less people who are rich?? Sometimes,...
Do You want to become next BillGates????
i have an aim to become rich as bill gates... i would try to work on it??? to become one you must...
make money
i want to earn much money...how...i want to become rich man
How did you grow up? Poor, rich or in-between?
I grew up with very little money, we were always struggling and although we had enough to eat...