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> People who make bad decisions often end up poor. Giving them money will not help them make better decisions, and may make them worse off. But there are also
by PythonicAlpha 11y ago
> People who make bad decisions often end up poor. Giving them money will not help them make better decisions, and may make them worse off.
But there are also many people who started poor and stayed poor, because they did not have the possibilities of the rich.
Or is your argument, that somebody whose parents where rich, will stay rich, because he made all the good decisions himself? There are so many rich, that make bad decisions and stay rich, because they have so much, they always will stay afloat.
- charlesdm 11y agoThere are plenty of wealthy people (mainly inherited) who became poor after bad investments. But, obviously if you have significant amounts of capital, it's harder to lose it all.
- PythonicAlpha 11y agoYou can always find examples for all sides. But it is just a statistical fact, that moving up from being really poor today has become much more difficult than it was decades before, maybe with the exemption of being a computer scientists (but also there it is not so easy for a normally gifted person to finish studies and so on without help from the parents).
- jack-r-abbit 11y agoAlso plenty of wealthy people that completely earned their money themselves but still ended up poor once the fat pay checks stopped coming. Athletes and musicians are probably the most obvious examples.
- JoeAltmaier 11y agoBut if the paychecks don't stop coming, then nobody is poor. And suffering is alleviated.
- charlesdm 11y agoThen they didn't build wealth, they generated income.