Why you work so hard but you are still poor?

When I was young, I have seen really hard working people, some even doing 2 jobs and working through week-end!  We would want to think such hard working people would be rich sooner or later, but the facts tell us otherwise.  In real life, many of such people are working hard to make ends meet, and they are still rather poor at the end of the day, having to work until they die to survive in Singapore!  Why is this so? 

I have come to the conclusion that hard-working is no longer the solution to getting rich because of the following global political and economic trend:

1) When a country's economy is in recession, their Central Bank now have a tendency to PRINT MONEY.

2) When money is printed, currency deflation/depreciation occurs.  That is, your paper money CASH is worth much less than they normally are.

3) When currency deflation occurs, living cost inflation happened.  The person can afford less and less or have to pay more and more for a living.

4) Currency deflation also suppresses interest rate, and your paper money CASH do not get much return in terms of interest earned (negligible compared to living cost inflation). 

5) People who resort to working hard (and not smart) tend to be doing jobs that do not get much salary appreciation in this new world knowledge-based economy (not even fresh graduates in Singapore!).  Their wage increase cannot catch up with living cost inflation. 

6) People are living a longer life, and yet without being able to make much more and save much more for comfortable retirement (vs the escalating cost of living)! 

7) When taxes have been tweaked and/or new taxes implemented by the Government, we are seeing more and more of such taxes in the form of Goods and Services Tax (GST) or other form of "wealth tax".  For example, recently Malaysia just introduced GST.  On the surface, we were told that these are "wealth tax" that only taxes the people who are "rich", but really what you are seeing is that such taxes, instead of taxing the genuinely rich (the top 1% income earners and rich businessmen), these "wealth taxes" are targeted at the majority of the population and middle-income families so that they do not tax the genuinely rich so much. 

8) The above vicious cycle continues!