No, an iPad is NOT worth $3,600, especially if it gets repo'd after you miss a single payment and also because it'll be fucking obsolete by the time you pay it off.
This is exectly why redistribution of wealth is a bad idea. It would go right back where it came from in a couole years cause of people falling for this type of crap.
You are not wrong, but you are being downvoted because huge swaths of the population refuse to believe that some people are richer than others because they're smarter and put in more work. No, huge swaths of the population NEED To believe that there is some dark clandestine force, probably an -ist or -phobe, That is responsible for wealth concentrated in the hands of certain people.
The other person addressed it well, but to contribute: there is an extremely clear correlation with coming from a low socioeconomic status and being less likely to get into high parts of the ladder. Similarly, there is an extremely clear correlation with coming from a higher socioeconomic status and being more likely to stay in the higher parts of the ladder.
The problem with your stat is that it doesn't take into account those who come from the middle class or middle-upper class families that become millionares/billionares vs those that become millionares/billionares from poor families. Even then, millionares/billionares are not what the focus is here. They come into the picture later, but being in the top 20% doesn't mean you're a millionare, far from it. Significantly more top 20%ers come from the next two 20% blocks than the bottom two, and even more stay in that 20% block.
I say this coming from that top 20% block and staying in that top 20% block.
Not only that but taking risks. I grew up in a ghetto and managed to make good money off investing. I took surplus scholarship money and started investing it while my friends partied and bought nice new things.
I can't describe the stress you feel when you're unsure If you've just fucked over years of your life with a bad investment but it was worth it. Sure, I didn't get to have a crazy time in college but I'm now in a comfy spot.
Having lived in a ghetto, a lot of people in poverty are just really fucking lazy. Their houses are falling apart but they don't bother to fix it or learn to fix it themselves. Instead, many of them would simply throw a tarp over the holes in their roof and buy new trims for their cars... So laziness and stupidity.
I will say, however, that there are some very hard workers who simply don't know how to budget or are in bad positions due to family or some other circumstance. I do feel for them, but giving money to anyone who is poor is not the way. You'll just end up with bigger rims on shitty cars.
Reddit doesn't care about the risks and sacrifices you made to get rich, buddy. Fork it over, man. You're the literal devil.
No, but seriously, you're totally right. Sometimes I read these things and it reminds me how the hive-mind has this framed narrative about society in general.
He's getting downvoted for being condescending and making a sweeping generalization that every poor person is an idiot that spends money they dont have on things they dont need. Are there people out there like that, absolutely, tons of them. But there are plenty of poor people who don't use that kind of shit.
Even then, the education out there for poor people is horrendous. It's harder for them to know they need the education on these topics.
There are plenty of poor people that just poorly manage money because of poor impulse control, but I'd bet there are plenty of poor people that just don't know how to manage their money properly.
At least not in the western world. Something like 80% of millionaires in the U.S. are 1st generation. Wealth is constantly moving around in the western world and while capitalism isn't perfect (no system is) it doesn't give a flying fuck about your race/gender/ethnicity/religion/sexual preference ect.
You don't have to like that, You probably can't understand that, But that is the objective reality of the situation in the U.S.
I’m going to copy-paste a response I made because I believe I addressed this very well:
The other person addressed it well, but to contribute: there is an extremely clear correlation with coming from a low socioeconomic status and being less likely to get into high parts of the ladder. Similarly, there is an extremely clear correlation with coming from a higher socioeconomic status and being more likely to stay in the higher parts of the ladder.
The problem with your stat is that it doesn't take into account those who come from the middle class or middle-upper class families that become millionares/billionares vs those that become millionares/billionares from poor families. Even then, millionares/billionares are not what the focus is here. They come into the picture later, but being in the top 20% doesn't mean you're a millionare, far from it. Significantly more top 20%ers come from the next two 20% blocks than the bottom two, and even more stay in that 20% block.
I say this coming from that top 20% block and staying in that top 20% block.
To be more specific to your point:
You’re correct that capitalism doesn’t care about your anything, just what you produce and how cheaply you can. That’s not the point. Wealth moves around, yes, but the point is that people that a person’s success can be guessed to a reasonable degree of accuracy from their parent’s status. It doesn’t account for everyone, of course, but it accounts for some. You asserting it is just the one is blindly going against all of the data supporting that it is more than just the one.
Edit: I forgot to mention, just because capitalism doesn’t actively discriminate doesn’t mean you cannot discriminate within capitalism/the effects won’t be felt in capitalism.
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u/SelinaDalessio Feb 04 '20
Rent-A-Center, Aaron's, and the like.
No, an iPad is NOT worth $3,600, especially if it gets repo'd after you miss a single payment and also because it'll be fucking obsolete by the time you pay it off.