Money can save you from many hardships, and sometimes, it can even help you evade the law. With enough money, you can nearly create your own rules. While this might seem impossible in some countries, it's common in Africa, where wealthy individuals often manage to escape responsibility for their actions. Money wields significant power in this region. This issue isn't limited to Africa, many powerful countries around the world face similar challenges. The primary problem is that the rich are becoming richer while the poor are becoming poorer. This growing problem is a concern that affects both developing and developed nations.
It is easy to recycle wealth in Africa, and we have evidence of that because we have so many powerful families that have ruled for centuries in Africa and have been in power for so many years just because they have the money, their children are rich, so the rich are getting richer even the kids of the rich are getting richer. It is very difficult for you to be part of one percent that’s why most people work hard just to leave Africa. This is one of the main reasons why we don’t have a middle class again, the rich are buying out the middle class leaving our people in extreme poverty.
The rich
The rich buy all the resources available from the middle-class family, and the middle class sells them to them for many reasons, it might be because they need the money for their health or for some other reasons, but most of the resources are with the rich, it is why it is very difficult for people to join the top 1% because all the important thing that can be beneficial to the citizens are owned by the rich and the rich are just a few.
There is nothing we can do about it in Africa just because we don’t have a tax system that can take some of this money away from them. When people look at the system in Africa they believe it’s very good because they don’t have any tax system, but it is just the Rich doing what favors them. They don’t want to pay the tax, I know in strong countries the richest find a way to avoid the tax, but they still have to pay some level of taxes in their country. The rich have so much power in Africa and another reason why they have all the good resources in their hands.
The truth
One of the truths we should understand is that when the naira was very strong against the Dollar people were complaining about unemployment and the economy, it was better than now. The truth is, things were not good Then because our economy has not always been the best. It allows the rich to keep getting richer buying all the resources of the middle-class family leading to more people going into poverty. The economy has not always been good and it only gets worse and this is one of the reasons why I don’t blame anybody when they leave the country. I think it will get to a point where I have to consider it too.
Like I said in my previous post, we need the middle class back but it is impossible now because of the situation of the naira and even well-paying jobs in the country struggle to pay for an average person‘s bill. Now it’s very difficult even to have a middle class and for the few that are middle class, if they have any resources, it is easy for the rich to buy them from you because they have the money and this only makes them richer in the long run, which is why the rich rules Africa. They make the law, they break the law and they do what they want. We are not even United as a country to fight against this problem.
Thanks for your time.
