Comments on: Little sympathy for the poor http://investing.macsimumweb.com/little-sympathy-for-the-poor/ My adventures in investing, finance and almost fine living Sun, 07 Sep 2008 19:49:34 +0000 http://wordpress.org/?v=2.2.1 By: Generation X Finance » November 10th Friday Five http://investing.macsimumweb.com/little-sympathy-for-the-poor/#comment-26 Generation X Finance » November 10th Friday Five Fri, 10 Nov 2006 18:13:55 +0000 http://investing.macsimumweb.com/little-sympathy-for-the-poor/#comment-26 [...] Little Sympathy For The Poor - Mac takes a moment to reflect on the poor, his own struggles with poverty, and how many people would like to achieve more without doing more. [...] […] Little Sympathy For The Poor - Mac takes a moment to reflect on the poor, his own struggles with poverty, and how many people would like to achieve more without doing more. […]

]]> By: Mac http://investing.macsimumweb.com/little-sympathy-for-the-poor/#comment-25 Mac Thu, 09 Nov 2006 01:40:02 +0000 http://investing.macsimumweb.com/little-sympathy-for-the-poor/#comment-25 Yea... sometimes I just get going and can't stop. Just ask my wife :-) In America anyway I think the vast majority of the truely poor are there for lack of will. There are enough programs out there to help people. I'm OK with short-term welfare, government assistance, etc. as long as people aren't relying on it forever. There are some countries where the poor are poor because there are no to little opportunities and that is a shame (most of Africa, Central America, etc.). Those I feel sorry for. No need to oppologize! And you are quite welcome. Yea… sometimes I just get going and can’t stop. Just ask my wife :-)
In America anyway I think the vast majority of the truely poor are there for lack of will. There are enough programs out there to help people. I’m OK with short-term welfare, government assistance, etc. as long as people aren’t relying on it forever. There are some countries where the poor are poor because there are no to little opportunities and that is a shame (most of Africa, Central America, etc.). Those I feel sorry for.

No need to oppologize! And you are quite welcome.

]]> By: Golbguru http://investing.macsimumweb.com/little-sympathy-for-the-poor/#comment-24 Golbguru Wed, 08 Nov 2006 22:39:08 +0000 http://investing.macsimumweb.com/little-sympathy-for-the-poor/#comment-24 Wow..quite a bit of a rant there. :) I am happy the article got you thinking. I understand your side of the story, but I have seen a PBS documentary on some people making minumum wages and why that happens. Before that, I never believed there were people so poor in America. Circumstances can really break you at times. I call them genuinely poor people. Having said that, there are a lot of "poor" people who are poor because of their habits and the lack of general will to make progress. I agree with you there; they can't keep blaming the rich guys. At some point there has to be an effort to rise make that extra push towards gaining more wealth. For me, it is very diffcult to distinguish between these two sets of poor people and hence I am not in a position to fully support your article :), but I get your point. :) Sorry about this extremely long comment. Thanks for mentioning my post. Wow..quite a bit of a rant there. :)
I am happy the article got you thinking.

I understand your side of the story, but I have seen a PBS documentary on some people making minumum wages and why that happens. Before that, I never believed there were people so poor in America. Circumstances can really break you at times. I call them genuinely poor people.

Having said that, there are a lot of “poor” people who are poor because of their habits and the lack of general will to make progress. I agree with you there; they can’t keep blaming the rich guys. At some point there has to be an effort to rise make that extra push towards gaining more wealth.

For me, it is very diffcult to distinguish between these two sets of poor people and hence I am not in a position to fully support your article :), but I get your point. :)

Sorry about this extremely long comment. Thanks for mentioning my post.

]]> By: Mac http://investing.macsimumweb.com/little-sympathy-for-the-poor/#comment-21 Mac Tue, 07 Nov 2006 04:01:32 +0000 http://investing.macsimumweb.com/little-sympathy-for-the-poor/#comment-21 Good catch Tim, but I was refering to actually getting the money, not spending it. Also, as I stated, most of that money went to bills, not non-esential spending. True, it does go back into the economy, but not in the way most people think of it, as in buying consumer products. Not sure if I'm getting my point across though :-) Thanks for comment! Good catch Tim, but I was refering to actually getting the money, not spending it. Also, as I stated, most of that money went to bills, not non-esential spending. True, it does go back into the economy, but not in the way most people think of it, as in buying consumer products. Not sure if I’m getting my point across though :-)
Thanks for comment!

]]> By: Tim http://investing.macsimumweb.com/little-sympathy-for-the-poor/#comment-20 Tim Tue, 07 Nov 2006 03:43:00 +0000 http://investing.macsimumweb.com/little-sympathy-for-the-poor/#comment-20 "When I was making less than $35k a year I got back MORE money because of earned income credit. At the time it was wonderful, but looking back, did it do the economy any good?" Yes it did, because spending helps the economy just like investing does. Our economy is as strong as it is not only because of the massive investments in America but also because of our hyper-consumerism. That's why after 9/11 they told everyone to keep spending money to support the economy. I dislike the complaining too. “When I was making less than $35k a year I got back MORE money because of earned income credit. At the time it was wonderful, but looking back, did it do the economy any good?”

Yes it did, because spending helps the economy just like investing does. Our economy is as strong as it is not only because of the massive investments in America but also because of our hyper-consumerism. That’s why after 9/11 they told everyone to keep spending money to support the economy.

I dislike the complaining too.

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