> but I do think there is a small subset of poor people who will be "perpetually poor." They have little/no financial literacy, they'll spend the money in a fai

> but I do think there is a small subset of poor people who will be "perpetually poor." They have little/no financial literacy, they'll spend the money in a fairly frivolous way, and I think giving them raw cash instead of something more or less boxed-in like food stamps can lead to a lot of issues. I think this phenomena cuts across class lines. There are lots of middle class households that live way beyond their means and basically just use expansive lines of credit - of which poor people don't have access to - to keep themselves afloat. Likewise, there's tons of "Richs to rags" stories of wealthy people who slowly fritter away their wealth with either foolish investing or extravagant purchases.