Reply #58: Bullshit on so many levels. [View All]

[durutti]

First of all, today's povery guideline are deceptive. They haven't been updated since the 1960s. If poverty today were measured by the same standard as it was then, about a third of the American population would be considered impoverished.

Secondly, the poor exist because the employing class *must necessarily* survive by paying as little as they possibly can to those they employ, while at the same time charging as much as they possibly can for the goods they produce.

Third, the rich don't manage their money any better than the poor. The rich *pay* people to manage their money *for* them.

Last point: people who are relegated to the worst schools, with parents who have to work, etc. obviously won't learn as much about money management as wealthier people. That's not to say that the rich actually *do* manage their money any better: but while the money managment skills of the poor may suffer due to lack of education, the money management skills of the rich suffer to that classs's own decadence. You tell me which is worse.