2 ms·
> I am from the south where is it tradition to give a person their first firearm on their 10th birthday How's that working out for yah? http://en.wikipedia.or
by confluence 14y ago
> I am from the south where is it tradition to give a person their first firearm on their 10th birthday
How's that working out for yah?
http://en.wikipedia.org/wiki/Gun_violence_in_the_United_States#Violent_crime_related_to_guns http://en.wikipedia.org/wiki/Gun_violence_in_the_United_Stat...
Yay dead people! You don't give unsophisticated people access to firearms - they get dead. Same with most investment options - do not allow people to trade derivatives, over lever their houses or borrow for stocks.
> believe that it is okay given the terrible odds?
No I don't - but its regulated and small stable losses in comparison to unsophisticated losses that destroy lives in housing, equities and bonds. This will expand those losses.
> how are the poor ever going to escape poverty?
Have you ever been poor?
Here is how you escape poverty - you don't. I'm not kidding.
There is no such thing as social mobility - it's false to argue that the poor can in any way benefit from this.
http://en.wikipedia.org/wiki/Socio-economic_mobility_in_the_United_States http://en.wikipedia.org/wiki/Socio-economic_mobility_in_the_...