BY: LEE SENG CHEE

A growing trend has begun to emerge in Malaysia and the region as certain banks and financial institutions, investment arms and private investors strongly advocate for people to create wealth well into the future.

This generational wealth creation evolved as more people began to subscribe to the ‘billionaire mindset” but also ropes in multi-millionaires in a trend which may possibly witness the divide between the fabulously rich and poor widen.

By creating wealth and investing and securing it well into the future, it translates into the reality that the offspring of wealthy families engaged in these activities are probably not required to work or apply themselves.

The staggering wealth of those in the “Crazy Rich Asians” category is then set to see the wealth that has been created, unfairly and inequitably distributed, depriving financial opportunities and growth for those who are in the ‘have nots’ segment of society.

This trend has emerged as a casual warning to Malaysians who already have difficulty buttering their bread, and in the hard core poor, B40 and M40 groups, which is likely to condemn them further into poverty well into the future.

While concerned social activists ponder over this scenario, it looks as if nothing much can be done to redress the situation and this certainly means “the rich are set to grow richer while the poor are destined to be condemned to poverty.”

-THE MALAYSIA VOICE

** The views expressed on this opinion is of the writer and not the publisher