Money brings money.

Iran’s economy is currently going through its worst conditions, with the pressure of sanctions alongside the government’s liberal economic policies, which have been requested by the economic team of President “Imam Sadeghi”. The record-breaking monthly inflation and the increase in inflation to over seventy percent, especially the rising inflation in the food group, have caused pressure on vulnerable groups to intensify.

Along with this topic, the discussion of rent increases and housing price growth has also practically made the conditions dire and put pressure on lower income households; forcing many families to leave the cities and move to the outskirts. Meanwhile, every day we hear news of selling chicken bones and sheep bones in stores, while in the other side of the city we see a situation that is the opposite of what is known as “downtown”; meaning that in these economic conditions, the situation of many people has not only not worsened, but has noticeably improved.

If you are a person of the virtual world, watching clips of some individuals on Instagram pages raises the question of whether these people are living in Iran and how they have achieved this level of economic prosperity through which productive or economic activity? If you are interested in news, these days you can see the prices of selling and renting houses in Tehran, which are even higher than house prices in America; in fact, it seems that the city has been divided into two parts, poor and rich, and in addition to the disappearance of the middle class, we are witnessing an increase in class gaps.

If you think that by seeing a few pages of Instagram and a few real estate ads, you have come to the conclusion that the situation of the wealthy in the country has improved and, in other words, money has been brought to these people, we must say that you are mistaken. According to the announcement of Forbes magazine, which examines the wealthy in the world, in 2020, the number of people in Iran who have more than one million dollars (equivalent to about thirty to thirty-two billion tomans in the free market) has increased by about twenty-one percent, and their total wealth has also grown by 24.3 percent. This puts us even ahead of Saudi Arabia, which has only two hundred thousand millionaire individuals. Another point is that the average global growth of millionaires in the world has been only 6.3 percent; but why has this happened in a country that is facing sanctions? Why is it happening while every day the number of unemployed and economic problems

At first glance, it may seem that these individuals are aristocrats and people with privileges who have been able to benefit from these privileges and acquire these riches. However, it must be said that it is these laws that allow these individuals to take advantage and sometimes we unintentionally support these laws that ultimately benefit them and harm us, leading to an increase in their wealth and our poverty. In our country, wealthy individuals have many tribunes that force governments to make decisions in their favor, but which decisions have made these individuals wealthier? These economic decisions are ones that we hear from many people and we also unintentionally support them. For example, we will mention a few examples of these decisions.

Reduction of bank interest rates

We live in a country where we face rampant inflation, and in the past four years alone, we have experienced an annual inflation rate of forty to fifty percent. However, during this time, the bank interest rate has been less than twenty percent. This means that if you take a loan from the bank and use it to buy any goods, the value of your goods will increase by at least fifty percent by the end of the year, but you will only have paid the bank a twenty percent interest. The question is, have ordinary people been able to receive loans during this time, or have only the super-rich been able to take out large loans like in the past? The answer is clear; while you were looking for collateral, guarantors, and documents, some have easily received these loans and used them to buy property, dollars, gold, and stocks, multiplying their wealth by tens of times. They have only returned twenty percent of the profit to the bank, and some have not even

While policymakers around the world are trying to reduce inflation by increasing interest rates, this issue has completely been ignored in our country. The government is practically following the instructions of the International Monetary Fund and the World Bank by increasing prices and removing subsidies for essential items, but it goes against the basic principles of economics. As an example, some people have invested their capital in the Future Bank, which has sent it to various projects in Iran, benefiting the creators of this complex.

Stock market and stock exchange

It is likely that if you are one of the people who have suffered losses in the stock market, you disagree with this statement. However, you should know that the growth of the stock market has no correlation with the country’s economic situation. If you have entered this market, you have fallen for the deception of some people. In fact, many real economic experts have warned about this issue, but large companies and some individuals suddenly left the market after multiplying their wealth several times in one year, causing financial losses for small shareholders who had entered the market with thousands of hopes. But how did this unreal growth happen and with what resources? The answer is simple: by taking a share of all Iranians from intergenerational resources. When one percent of the National Development Fund’s capital was injected into the stock market, this public wealth was actually given to a specific group to make high profits. Just note that from April 2020 to August of that year, the index reached from 500,000 units

The emerging market of cryptocurrencies.

It is likely that the cryptocurrency market will be affected by power outages, and although there has been a significant decrease in power outages this year, the problem of power shortages still persists. When the price of electricity in Iran is very low due to sanctions and the increase in currency exchange rates, many people profit by setting up bitcoin mining farms. Can you and I do the same? It is unclear why the government allows these individuals to operate, while they could export this electricity to other countries and receive dollars in return. Instead, they prefer to let bitcoin farms consume the country’s electricity and the profits go to certain individuals. However, it is possible that with the decrease in digital currency prices this year, the enthusiasm of these individuals has decreased, but with the increase in prices again, this activity will reach its peak once more.

Tax evasion

In all countries, a tax system is used for wealth redistribution; however, if you are among the group of employees whose taxes are deducted before receiving their salaries, you may not know that in our country, many wealthy individuals may pay less taxes than you. Alongside professions such as doctors who try to evade the law by using card readers, many semi-governmental or private companies have been able to engage in tax evasion using various excuses and despite their high incomes. When the topic of increasing taxes is brought up, these individuals create a media frenzy and instill the idea in the public’s mind that taxes are harmful to all social classes and create a negative attitude towards them. For example, if the government increases the fees for foreign travel, many of us are influenced by the toxic media environment and are unaware that in these economic conditions, domestic travel is a dream for many. Increasing these fees has no effect on those who do not travel abroad, so all this fuss is not at least for low-income

The above cases are just a few examples of seemingly simple reasons that give certain individuals access to the economic benefits of the country in order to become wealthier and widen the gap between the rich and the poor. Some of us unconsciously oppose changing these laws. This issue is thanks to the many tributes that these individuals have.