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>on the condition half goes into savings accounts for family use or to pay down debts of some sort. >> Because "poor people" are too stupid to determine how th

>on the condition half goes into savings accounts for family use or to pay down debts of some sort. >> Because "poor people" are too stupid to determine how they should best spend their own money that we should infantilize them and take away their personal autonomy. That is so ridiculously unfair. 1) You expect someone making minimum wage to have the time and energy to put together a sound investment strategy. 2) Humans LIKE to spend their money the second they have access to it. Among families giving million dollar trust funds to their children, parents commonly don't allow trustees to have access to their funds until they are in their mid thirties. These are children who go to Ivy League schools, and their parents don't let them have access to their savings. It's not because they are stupid, its because they are human.

Consultant32452 9y ago
>1) You expect someone making minimum wage to have the time and energy to put together a sound investment strategy. I suspect that most people will not do what I think would be best for them to do. The difference is that I don't want to usurp their personal freedoms. >These are children who go to Ivy League schools, and their parents don't let them have access to their savings. It's not because they are stupid, its because they are human. I agree that the people who have earned money should get to do with it whatever they want, including withholding it from their adult children. Let's apply this universally. You are more than welcome to take some of your money to hire and over-pay minimum wage workers and create these grossly paternalistic contracts with them where you dictate how they're allowed to spend their pay. Just don't try to do it with my money.