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> To solve the problem of inner city poverty, we need to take public money and give more of it to some privileged college-educated person who likely doesn’t eve
by ythn 9y ago
> To solve the problem of inner city poverty, we need to take public money and give more of it to some privileged college-educated person who likely doesn’t even live in the neighborhoods plagued by poverty?
On the flip side, though, straight up wealth distribution to the poor has a huge waste factor, though. I work with poor people at my church, and a lot of times they have no idea where their money is even going. They see a predatory letter with scary red letters and they send money to it, even though it's not even a bill! The bills they are getting are for services they aren't even using (expensive cable plan, etc.). Yes, the poor need more money, but they also desperately need mentors and education.
- tabeth 9y agoWealth distribution is one thing, the process of wealth distribution is another.
- alphabettsy 9y agoIt’s true that the poor are sometimes or even often poor managers of money, but that is true throughout society. Most households actually have poor control of their money, but they might have higher incomes so the impact isn’t so noticeable. Personal financial literacy is low overall.
- pnutjam 9y agoIt's easy to be paternalistic about another persons expenses. There was nothing more humiliating then going through expenses line by line when I needed help with an electricity bill. Yeah, I paid for cable, but the vast majority of expenses were housing, food, and predatory fees. Digging out of a financial hole is very hard and it's easy to lose all your progress when certain bills are due afew days before you have money. Cable was practically free because I need to buy internet for my job.