3 ms·

do a little bit of more research on this, there have been handful of real studies on this, and they all showed people are more well off when they are get paid c

by mars4rp 10y ago

do a little bit of more research on this, there have been handful of real studies on this, and they all showed people are more well off when they are get paid cash. no one better than you know your needs. and also you are not going to have the overhead and administration cost of providing services. one of the best government programs is tax credits, it gives cash to the poor and it is the only thing that left and right can agree on !!

brown 10y ago
Could you provide sources? Search results are not so clear. Should You Give Money to Homeless People? http://www.theatlantic.com/business/archive/2011/03/should-you-give-money-to-homeless-people/72820/ http://www.theatlantic.com/business/archive/2011/03/should-y... "The short answer is no. The long answer is yes, but only if you work for an organization that can ensure the money is spent wisely." Reversal of Fortune is a 2005 Showtime documentary that asks the question "What would a homeless person do if they were given $100,000?" https://en.wikipedia.org/wiki/Reversal_of_Fortune_(2005_film) https://en.wikipedia.org/wiki/Reversal_of_Fortune_(2005_film... "When asked by Oprah how much of the $100,000 he still had, Ted replied "none." Ted also mentioned that he is homeless again, and content with his current circumstances."
- jwatte 10y ago
  A sample of one!
- mars4rp 10y ago
  http://www.npr.org/sections/money/2013/10/25/240590433/what-happens-when-you-just-give-money-to-poor-people http://www.npr.org/sections/money/2013/10/25/240590433/what-... one thing that I remember, we are not talking about $100,000. I can see your point that giving that much money to a homeless people is a bad idea, but giving them $300 a month is better than food stamp. giving them $2000 a month is better than a shelter! and so on
- sedachv 10y ago
  > Reversal of Fortune is a 2005 Showtime documentary that asks the question "What would a homeless person do if they were given $100,000?" That sounds like such a great film about this issue. Ted sounds like a really hard-working recycling bum. Since Ted is employing himself, Ted is an entrepreneur. A good thought experiment to put this into perspective is: what happens to the average employed person when they are given $100,000? Except we do not have to do a thought experiment; this scenario occurs thousands of times a year all over the world for lottery winners. The largest study of lottery winners that I know of found that receiving (average) $100,000 doubles the chances of a person going bankrupt: http://www.mitpressjournals.org/doi/abs/10.1162/REST_a_00114 http://www.mitpressjournals.org/doi/abs/10.1162/REST_a_00114 Some people who win the lottery and go bankrupt end up worse off than before winning the lottery (also worth looking at: http://brandongaille.com/22-lottery-winners-bankrupt-statistics/ http://brandongaille.com/22-lottery-winners-bankrupt-statist...). Ted, on the other hand, after spending a few months living the high life, went back to his old recycling business. A lot of former tech entrepreneurs who gave up their dreams of running their own business (even some who went through Y Combinator!) can stand to learn a lesson from Ted's perseverance and positive attitude.

by mars4rp 10y ago

brown 10y ago

Could you provide sources? Search results are not so clear. Should You Give Money to Homeless People? http://www.theatlantic.com/business/archive/2011/03/should-you-give-money-to-homeless-people/72820/ http://www.theatlantic.com/business/archive/2011/03/should-y... "The short answer is no. The long answer is yes, but only if you work for an organization that can ensure the money is spent wisely." Reversal of Fortune is a 2005 Showtime documentary that asks the question "What would a homeless person do if they were given $100,000?" https://en.wikipedia.org/wiki/Reversal_of_Fortune_(2005_film) https://en.wikipedia.org/wiki/Reversal_of_Fortune_(2005_film... "When asked by Oprah how much of the $100,000 he still had, Ted replied "none." Ted also mentioned that he is homeless again, and content with his current circumstances."

jwatte 10y ago
A sample of one!
mars4rp 10y ago
http://www.npr.org/sections/money/2013/10/25/240590433/what-happens-when-you-just-give-money-to-poor-people http://www.npr.org/sections/money/2013/10/25/240590433/what-... one thing that I remember, we are not talking about $100,000. I can see your point that giving that much money to a homeless people is a bad idea, but giving them $300 a month is better than food stamp. giving them $2000 a month is better than a shelter! and so on
sedachv 10y ago
> Reversal of Fortune is a 2005 Showtime documentary that asks the question "What would a homeless person do if they were given $100,000?" That sounds like such a great film about this issue. Ted sounds like a really hard-working recycling bum. Since Ted is employing himself, Ted is an entrepreneur. A good thought experiment to put this into perspective is: what happens to the average employed person when they are given $100,000? Except we do not have to do a thought experiment; this scenario occurs thousands of times a year all over the world for lottery winners. The largest study of lottery winners that I know of found that receiving (average) $100,000 doubles the chances of a person going bankrupt: http://www.mitpressjournals.org/doi/abs/10.1162/REST_a_00114 http://www.mitpressjournals.org/doi/abs/10.1162/REST_a_00114 Some people who win the lottery and go bankrupt end up worse off than before winning the lottery (also worth looking at: http://brandongaille.com/22-lottery-winners-bankrupt-statistics/ http://brandongaille.com/22-lottery-winners-bankrupt-statist...). Ted, on the other hand, after spending a few months living the high life, went back to his old recycling business. A lot of former tech entrepreneurs who gave up their dreams of running their own business (even some who went through Y Combinator!) can stand to learn a lesson from Ted's perseverance and positive attitude.