Taking out a bad loan is not smart. Not being able to pay it back is not smart. We can argue whether this is good or not, but certainly these people are not smart or they would have solved the problem or avoided it in the first place.
See, the problem with successful people is they confuse intelligence for luck. And I'm sure you're a very lucky person yourself.
If you were smart, you would have seen the financial crash of year 2XXX. If you were smart you'd have seen that a foreign market for X would have opened up draining out all funding in the US and leaving that portion of the job market hollow. If you were smart you'd have seen that bill that allowed X thousand more people in the country in this job dropping pay rates by half.
And I'm sure you are smart for having been born in a family that was somewhere near middle class and didn't have crippingling addictions or otherwise have issues that would put education somewhere not number 1 on the priority list. I'll clap my hands at how brilliant you are...
But, what we're talking about here is those not born with all these gifts can lift themselves out of a pit of debt or worse a life that would lead to crime, so that all of us live in a better place. You have any suggestions on that. Or are you just going to lock yourself up in a gated community and not worry about that kind of thing?
> If you were smart, you would have seen the financial crash of year 2XXX
Makes sense
> If you were smart you'd have seen that a foreign market for X would have opened up draining out all funding in the US and leaving that portion of the job market hollow
Makes sense
> If you were smart you'd have seen that bill that allowed X thousand more people in the country in this job dropping pay rates by half
Makes sense
> And I'm sure you are smart for having been born in a family that was somewhere near middle class and didn't have crippingling addictions or otherwise have issues that would put education somewhere not number 1 on the priority list. I'll clap my hands at how brilliant you are...
Doesn't make sense and then there's unhelpful sarcasm at the end
> But, what we're talking about here is those not born with all these gifts can lift themselves out of a pit of debt or worse a life that would lead to crime, so that all of us live in a better place. You have any suggestions on that. Or are you just going to lock yourself up in a gated community and not worry about that kind of thing?
Providing direct value to society and getting rewarded for doing so has been an evergreen suggestion that has always worked well.
This works well for the Chinese immigrant with literally no money and no grasp of English who starts off selling takeout and grows the business, as it does to the person who starts driving taxi cabs, again, with no money to start off at all and then saves some to lease their first taxi and hire their first employee and then the second taxi and then the second employee.
A morally just society should reward, not punish these people. We need to have more, not less of them and that happens my incentivizing the right behaviors and disincentivizing the wrong behaviors.
It's all about the mindset and taking responsibility for your own future. You can complain and blame your fate or you can give it the middle finger and grow.
But, what are some suggestions you have to lift people out of a pit of debt or crime?
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