Things That Billionaires Have Ruined For The Rest Of Us

Krystal Smith

Leading a billionaire lifestyle is the goal of many people wowed by luxury vacations, dreamy mansions, and not ever having to worry about money. For others, however, having little money only gets in their way of joy once billionaires start to ruin things. We take a look at 18 things people say are unfair to rich people:

Taxation and Fairness

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The wealth gap between the richest and poorest individuals has been widening globally for decades. While poorer people have always accepted that rich people will always be better off regarding material possessions and luxury experiences, it is becoming more evident that the taxation system benefits billionaires much more than the everyday working person.  

Minimum Wage and Living Standards

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With living standards dropping for many people, billionaires are becoming more affluent and are so far away from reality that they are doing little to help people at the bottom of the ladder. While billionaires may not be running an individual’s life, they are certainly part of a system that does little to improve the living standards of low-income people. 

Access to Opportunity

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The rich can expand on their wealth and ensure their children do well in life, to the detriment of poorer people with less access to opportunities. While nepotism can be evident in all pockets of societies, it benefits billionaires and their families more than those less fortunate. 

Buying A Home

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While initially intended to stimulate the economy, low-interest rates have historically fueled increased investment in real estate, pushing prices higher. So, while rich people can build their property portfolio, younger generations need help to put together a deposit on a home that is anywhere near affordable. 

Freedom of Speech and Expression

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Billionaires who own or control media outlets can lead to biased reporting, silencing dissenting voices, and shaping public opinion in favor of specific agendas. For people with no means of influence over the media, there is a barrier to speaking about how they feel. 

Politics

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The escalating costs of political campaigns in the U.S. raise concerns about money’s influence in politics and its potential to undermine fair and equitable elections that benefit all. If a billionaire wants something to happen, they will lobby to get their way. 

Thrift Shopping

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Thrift shopping can be a lot of fun, at least it used to be for many people. With rich people getting on the bandwagon of buying more sustainable clothing, the average trip to a thrift store costs a lot more than it used to. As more thrift stores try to appeal to those who have more money to spend, poorer people are being priced out. 

Cool Towns 

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The growing popularity of specific areas drives up demand for housing, exceeding the available supply. This can lead to rising prices and competition, pushing out long-term residents. People say that billionaires have done this in Denver, Austin, and Asheville.

Food Trucks

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Food trucks have grown phenomenally over the past ten years and have even taken up homes on the grounds of rich people’s mansions. With increasing demand for gourmet food trucks, the people who have relied on them for cheap food are being priced out.

Camping

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Camping was once a cheap vacation that could be enjoyed by people who could not afford expensive beach holidays. Glamping has taken over these days, and now a weekend away can cost as much money as a flight and hotel at a fancy location. Original campers call on rich people to leave them be so that camping spots can reduce their prices again. 

Coastal Property

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The rise of platforms like Airbnb can reduce  long-term housing options, impacting affordability for locals and available permanent residents. Affluent investors purchase properties as investments, reducing availability and potentially inflating prices.

Collectibles

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Collectibles have gained mainstream popularity, attracting more buyers and driving up competition. While many people enjoy the fun of collecting certain items, some view collectibles as alternative investments, potentially contributing to price inflation, especially for specific categories.

Montessori Schools

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Montessori schools often have higher tuition fees compared to traditional public schools. Despite the fees, people on an average wage could still afford to choose this education for their children if they cut back in other areas, but this is no longer the case. The rise in popularity of this alternative schooling means that the average couple cannot afford it for their kids. 

Concerts and Festivals

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Festivals and concerts have grown in popularity, leading to higher ticket competition and potentially increasing prices. Rich people can afford the money that touts are asking for tickets and inflated prices that come with dynamic pricing. 

Theme Parks

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With VIP tickets, fast-lane passes, gourmet restaurants, and premium character breakfasts, rich people can afford trips to theme parks, but many people cannot afford to. Gone are the days of cheap days out, as many people now have to save for months for a trip to a theme park. 

Donuts and Cupcakes

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Foods that trend on social media are gaining high prices in stores and online, with rich people rushing to get the latest gourmet cupcakes or fancy donuts. Once seen as an end-of-the-week treat, some confectionery is now the latest way to show people online how trendy you are. 

Bikes

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The growing popularity of cycling for recreation, transportation, and fitness has indeed driven up demand, exceeding available supply in some cases. In addition, rising costs of raw materials, labor, and transportation contribute to higher manufacturing costs, which manufacturers then pass on to consumers. This means that most people who can afford a bike are rich.

High-Paying Jobs People Refuse, Even with a $100,000 Monthly Salary

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From heart-wrenching responsibilities to perilous undertakings, these jobs poignantly remind us that some tasks remain untouched, even for the promise of a six-figure monthly salary.

High-Paying Jobs People Refuse, Even with a $100,000 Monthly Salary.

Jobs That Are Getting So Hard to Fill, Employers Are Desperate

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While millions of people are looking for employment, we examine 14 jobs that employers are finding difficult to fill.

14 Jobs That Are Getting So Hard to Fill, Employers Are Desperate

Scams So Sneaky, You’ll Be Surprised You Fell for Them. Have You?

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From internet blackmail to clever diet scams, these ten sneaky tricks expose the surprising ways people have fallen victim to deception.

10 Scams So Sneaky, You’ll Be Surprised You Fell for Them. Have You?

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