Some people believe that the cost of living is increasing significantly nowadays. Individuals who live in many countries are struggling to reach their basic demands. Governments and people who spend their money as if no future are one of the biggest causes of this problem. We should warn them to spend money.
Modern societies in the world have huge gaps between rich and poor people. Rich people spend their money on whatever they want. However, poor or medium-class citizens always think twice about spending their money. In spite of improving technology how we do not buy whatever we want? Overconsume, inflation and increasing population.
Rich people in society, consume their money even if they do not need anything, they just want to spend money and compare themselves with other people such as in a competition. With social media, overconsume enters into our lives. People who are affected by influencers and Youtubers. Governments should plan their budget and spend money in that gap. Invest a new industries and encourage to save money for bad days.
If rich individuals do not prefer overconsumption and spend their money more effectively way such as donate poor people, governments tackle high inflation and high newborn ratings decrease we feel the economic results. It is possible to have equal rights for everyone with a planned economy. Moreover, if rich citizens are not selfish, society can develop in an incredible way.