Jason Voorhees
Professor-Forum User of the Year 2024
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The Beggars
Middle Class
Adani, Ambani, Debeers,Dangotes
In third world countries, there’s a huge divide between these classes. The "beggar" class struggles to afford even basic meals, while the middle class lives paycheck to paycheck. Then there are the ultra-rich like Adani, Ambani, and the Tatas in a league of their own. With extreme income inequality, concepts like "upper middle class" or "lower tier rich" don't have a meaning. Even a salary above the national average can feel like middle class living due to the high cost of living in tier 1 cities. People either aren’t getting by, are barely getting by, or are exceptionally wealthy.
99.9% of people fall into the first two categories, while only 0.1% the ultra-rich like have unimaginable, wealth. Their purchasing power is so high that the westernercels here can't even grasp how powerful and rich they are. Many of these ultra-wealthy also downplay and underreport their fortunes to avoid taxes and further solidifying their status so you won't find them on some Forbes or Billonaire list but they are ultra rich. Becoming a billionaire easier than the west because of the low labor costs and huge consumer base.
As an economist once said, “If you want to be a millionaire, go abroad; if you want to be a billionaire, come back to India.” This extreme wealth concentration is the main reason for the countries issues, where the rich keep getting richer, and the poor poorer. It is a global issue but one that’s especially pronounced in third world developing countries.
Middle Class
Adani, Ambani, Debeers,Dangotes
In third world countries, there’s a huge divide between these classes. The "beggar" class struggles to afford even basic meals, while the middle class lives paycheck to paycheck. Then there are the ultra-rich like Adani, Ambani, and the Tatas in a league of their own. With extreme income inequality, concepts like "upper middle class" or "lower tier rich" don't have a meaning. Even a salary above the national average can feel like middle class living due to the high cost of living in tier 1 cities. People either aren’t getting by, are barely getting by, or are exceptionally wealthy.
99.9% of people fall into the first two categories, while only 0.1% the ultra-rich like have unimaginable, wealth. Their purchasing power is so high that the westernercels here can't even grasp how powerful and rich they are. Many of these ultra-wealthy also downplay and underreport their fortunes to avoid taxes and further solidifying their status so you won't find them on some Forbes or Billonaire list but they are ultra rich. Becoming a billionaire easier than the west because of the low labor costs and huge consumer base.
As an economist once said, “If you want to be a millionaire, go abroad; if you want to be a billionaire, come back to India.” This extreme wealth concentration is the main reason for the countries issues, where the rich keep getting richer, and the poor poorer. It is a global issue but one that’s especially pronounced in third world developing countries.
actually crazy
