Quote:
Originally Posted by coordi
I think you are taking my second post in stark contrast to my first post, instead of within the confines of the stated parameters. The debt I took on to "leverage my future" was certainly a potential risk of being a life long burden.
The idea of victimizing entire swaths of our population is a dangerous proposition. There was a time where I had to rotate 0% balance transfer CC deals to keep my head above water, while at the same time, I was taking on student loan debt to hopefully maybe have a career.
My post wasn't directed at you I just quoted your post bc the thoughts from my post popped in my head while reading your post.
It's really a response to bahbah and John21. Bahbah is acting like the financially illiterate can magically become literate or else inequality will just get worse and that taxing the rich won't do anything...That's flat out false. The rich have kids too, and they shower them with money and education from birth. That is the definition of welfare. They can do the same thing through government spending too. They just don't want to because **** anyone who isn't family is how they act. I do agree through gov't is less effective and I hate gov't corruption and how it spends but it can be improved and it does work. We have the data to prove that, just not the political will (of which is stunted by said corruption).
So bahbah and John21 will argue taxing the rich hurts investment, etc...Yes, yes it will in one way, but it will
help in others. I ****ing hate the government in a sense because yes they are ****ty stewards of capital, but the government has to do
something if the people won't. John just said the conditions are there but aren't in place or sth like that. He's basically repeating what I bitched about with the Notre Dame crowdfund. The power to help the downtrodden in a robust, meaningful way is there, but the will is not. They chose a church...And today, tomorrow, and the next day they will NOT choose a more helpful cause...
Point being there is debate on where to draw the line on taxation and what will and won't be effective, but don't tell me taxing the rich won't do anything. That's bull****. Taxing the rich will do a mega****ton even if we agree gov't is a poor steward of capital. It isn't always and a lot of that is corruption that needs to be eliminated no matter how you view taxation.
Quote:
Originally Posted by bahbahmickey
It isn’t just about iPhones. Many rent or own houses or cars they shouldn’t. How often they are eating out, etc.
The poor and middle class in general are financially illiterate. I’m not saying it is easy to move up classes but in comparison to all other countries in the world and all times in the history of the world it is relatively extremely easy.
What you just said is true, yes, but you cannot expect a single mother in a ghetto (who is probably financially illiterate) to raise a kid while living in a terrible environment with terrible schools surrounded by more terrible people and a government that wants to say you should've closed your legs and **** your SNAP benefits because you're lazy and daddy isn't in the picture.
The whole point is it serves no purpose to repeatedly state a fact that isn't achievable unless there is a way to get to that mentality and an environment which produces and preserves the repetition of it. The mother and the kid are ****ed because nobody is willing to take the time to support and educate either and it's a damn near impossible cycle to break if nobody wants to actually step in with the bolt cutters and break the chain.
Yes, people are lazy, stupid, and ignorant. Reduce the environmental factors that lead to the proliferation of those traits and maybe in a few generations the ghettos will shrink instead of the middle class. It's not enough to just say "well obviously you have to be financially literate in order to be financially sufficient..."
Thank you, Captain Obvious, but that's not leadership. That sounds like someone who refuses to do someone else's work for them. And you and everyone else has every right to feel that way, but if you have a true interest in making a difference, then yes the **** you do actually have to do other people's work for them. That's how they learn, from example, mentorship, and actual financial support - for the entirety of the first couple decades of life at least.