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Financial health is a lot like general physical health, it's truly simple. Don't spend more than you make, don't eat more than you need. They're also difficult,

Financial health is a lot like general physical health, it's truly simple. Don't spend more than you make, don't eat more than you need. They're also difficult, as evidenced by how many fail. There are deep systemic issues that stack the deck against the working class financially. There are also plenty of people that make very detrimental decisions when it comes to money and dig themselves into a deep hole, even without any obvious cause. Both are problems that need to be addressed. The presence of one doesn't invalidate the other, and the solving of one doesn't solve the other. Normally these discussions are people talking past each other as they haggle over the proportion of blame to assign to the individual or system. I say address both simultaneously and let both sides think they're right.

imtringued 5y ago
>Don't spend more than you make I'm not trying to crash the party here but globally this is impossible. If someone spends less than they make, someone else spends more than they make. If everyone tries to spend less then everyone will be worse off. Thus we need an institution that can run a deficit for all eternity. Call it "government". There are other ways but right now that is just how the current system was built. There is no need to feel sad or worry. I personally worry more about idiots who want to keep the current system and avoid government deficits, now that is truly horrifying.
- tekknik 5y ago
  How is this anything more than passing the ball? Value is finite and doesn’t change so all this can mean is tax the rich to give to the poor. Which still means you have the majority of people spending less than they make because again, value is finite. Further what system would you replace it with that somehow defied the finite value law? What your suggesting is that $1, or any countries currency, doesn’t represent any value at all and is just arbitrarily assigned a value.

imtringued 5y ago

>Don't spend more than you make I'm not trying to crash the party here but globally this is impossible. If someone spends less than they make, someone else spends more than they make. If everyone tries to spend less then everyone will be worse off. Thus we need an institution that can run a deficit for all eternity. Call it "government". There are other ways but right now that is just how the current system was built. There is no need to feel sad or worry. I personally worry more about idiots who want to keep the current system and avoid government deficits, now that is truly horrifying.

tekknik 5y ago
How is this anything more than passing the ball? Value is finite and doesn’t change so all this can mean is tax the rich to give to the poor. Which still means you have the majority of people spending less than they make because again, value is finite. Further what system would you replace it with that somehow defied the finite value law? What your suggesting is that $1, or any countries currency, doesn’t represent any value at all and is just arbitrarily assigned a value.