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User Name Thread Name Subject Posted
Dickey BS: Poverty in the USA (1252* d) RE: BS: Poverty in the USA 18 Jun 07


Peace:

Something to realize about money and wealth is that a lot of the wealth you see in people's bottom line is not money. It is the valuation of what they have. Say I buy a house for $250,000 and in 10 years it is worth $600,000. $350,000 was not printed up and handed to me. It was not transferred from poor people to me and made them that much poorer.

Likewise with there are companies that grow from two guys in a garage to a multi-billion net worth company. The worth is based on sales, assets (which appreciate with time), the potential for earning money in the future and not entirely on money that passed from the hands of poor people to them.

There are however companies and people that deal directly with poor people, overcharging for goods and services when they have no alternatives. Unscrupulous car dealers, credit companies, Sub-prime lenders, landlords, auto repair shops, insurance companies and even lawyers. Then there are the criminals and drug dealers preying on them too.

Why assume that all wealth was taken from poor people? Why try to teach them this? teach them to know the difference. Teach them how net worth is accumulated.

When they are young and impressionable, what they see and hear are piss poor examples such as rappers with guns, dripping with bling, talking about drugs and abusing women. Cops running wild and stealing on the side. People killing each other is presented as real life. Drug dealers are made out to be sucessful and wealthy.

How can they possibly be sucessful when they are fed this garbage?


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