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Not sure how much people can achieve with $500, let alone their expertise to be able to make the correct investment choice, let alone their willingness to even
by daniel_iversen 5y ago
Not sure how much people can achieve with $500, let alone their expertise to be able to make the correct investment choice, let alone their willingness to even use the money in such a smart future-proof way vs just using it for door/school/presents/drinks/whatever - Basically the money would just end up in Amazon/Walmart/J&J/AbInBev pockets at a higher rate .. I think you have too much faith in the average person!
- m_ke 5y agoThe money would trickle up then to things in highest demand! But I didn't mean giving people cash to spend on random goods. It would have to be a system that prevents them from using it on personal projects and probably something organized more like kickstarter, where projects have funding goals and you have to allocate a portion of your budget to them. I'd imagine type 1 diabetics would allocate a large portion of their funds to cheaper insulin alternatives. Software engineers to open source projects that they depend on.
- bradlys 5y agoYeah - seriously. What average person is going to do anything with $500? If you changed it to $50k then maybe you’d get somewhere. I think many here overestimate the working ethic and adventurous spirit of the average American. From the people I’ve seen - they’ll just spend it on a fancy car.