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> Give every person in poverty a million dollars, and many will escape poverty and go on to live very prosperous lives — no education needed. If this were true
by kneebonian 4y ago
> Give every person in poverty a million dollars, and many will escape poverty and go on to live very prosperous lives — no education needed.
If this were true many lottery winners would have their lives and their children's lives changed forever after winning. As it stands almost every person who wins the lottery ends up in the same place they were before within 10 years.
The skills required to get out of poverty are often the skills required to stay out of poverty.
- phphphphp 4y agoThe "all lottery winners end up broke" meme is just that, a meme. Likewise, the idea that the lottery is a tax on those who are stupid or in poverty is a meme. There's lots of people who participate in (and win) lotteries who are living very comfortable lives, certainly not in poverty. Yes, many people who end up with money will go on to lose it (whether inherited or from a lottery or a lawsuit or some other means) but that's not unique to those in poverty. As I said, generational wealth is the perfect example of this: many rich and successful families will lose their wealth within a few generations. Losing money is an activity enjoyed by rich and poor alike.