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u/amaltheahope told Bored Panda the idea to post this question popped into their head quite randomly and since it looked like other users hadn't asked it before, they just went ahead and asked. "I was also curious about other people's opinions because basically, I also have some things that I hate about rich people," u/amaltheahope said.
The Redditor thinks many of the replies are quite universal. "Basically, I have the same sentiments as most of the commenters!" they said, laughing. "We have a common ground — hate towards annoying things rich people do!"
u/amaltheahope believes people can get along despite their wealth gap, but it takes respect, open communication, and understanding on both ends.
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The sad thing is that financial inequality is skyrocketing.
To put things into perspective, the before-mentioned analysis offers this comparison: in 1982, the "poorest" American on the first annual Forbes magazine list of America's richest 400 had a net worth of $210 million in today's money and the average member of that list had a net worth of $600 million. But in 2020, Americans needed a net worth of $2.1 billion to enter the Forbes 400, and the average member held a net $8 billion. That's 13 times the 1982 average after adjusting for inflation.
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A variety of explanations have been proposed to explain how inequality can affect a country's economy. But a high level of disparity usually means a high level of poverty. Poverty is associated with increased crime and poor public health, which places additional burdens on the economy.
In the face of increasing food prices and lower incomes, support for pro-growth government policies declines. As wealthy citizens maintain disproportionate political power compared to poorer citizens, inefficient tax structures develop in favor of the wealthy. Unequal income distribution increases political instability, which threatens property rights, increases the risk of state repudiated contracts and discourages capital accumulation. Also, a widening rich-poor gap tends to increase the rate of rent-seeking and predatory market behaviors that hinder economic growth.
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