Chark said:
mrstickball said:
There is an inherant problem to the statement. Poor people inevitably spend money on something bad, too. Lottery tickets? NASCAR comemorative plates? Many in the middle class can do it too.
If anything, the inverse is true. People tend to become rich by investing properly, saving properly, and spending as little as possible. If you look at lottery winners and bankruptcy, you see a huge issue in the fact that many people are poor because they make horrible choices with money if they obtain it by luck.
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Yes, but I am not refering to direct redistribution. The issue is the restriction on opportunity throughout the middle to lower income scales. People tend to become rich by those means but we need to ensure that individuals can access those means. The rich, at some point, were not rich and the key to economic growth is to increase that, not neccessarily or at least in part to increase the wealth of those who already did so.
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Of course, but how do you ensure they have the opportunity to advance if they work hard enough and invest properly?
Your answer may be quite different than mine..
