Comment Re:Sanders amazes me (Score 1) 395
That depends on what the money is used for.
If I walk up to someone on the street and give them a thousand dollars out of my pocket, there is the presumption that this would help them. Even putting aside obvious extreme cases like gamblers and drug addicts, that thousand dollars can very easily be burned up on things that will actually do little to remove people from poverty.
If my thousand dollars was used to help pay for a car, they can drive to work, that's better but they still have a depreciating asset that they have to maintain. If it was used to buy Christmas presents, then you have some happy kids, but you've bought something that does nothing for you in the long run.
Now what if you do something smart like invest it? Then you're likely to see some real value from it. In about thirty years. If and only if an emergency does not force you to withdraw it. In the meantime, you're still poor and you have to resist the urge to use that money for anything but as an investment or a payment that helps you on a continuing and increasing basis.
You don't want to give people money and expect that to end poverty. You want to remove incidences of bad decision-making and you have to buffer them from bad luck. Money can be a buffer, but if you continue to make bad decisions with the money you have, you're going to keep being poor.
There are anecdotes of people who make millions, either being rock stars, sports stars, or lottery ticket winners, and they lose it all. How do they end up that way? They would have been (temporarily) rich one-percenters just as surely as Bill Gates or the Koch Brothers are. The catch is that they have terrible decision making skills when it comes to money. They may spend it lavishly. They get bad advice and fail to learn how to invest. They may simply have weak personalities and are taken advantage of. They don't understand what you do with money, and then they lose it.
Although those are anecdotes, the same thing happens to tens of millions of people everyday in smaller, but more crucial situations. Poverty isn't always about helpless people being taken advantage of. It's more about the fact that it is more important to know how not to be poor than it is to actually have money thrown at you.
The point is that the solution to Poverty is *not* money. The solution to Poverty is *doing the right things* with money.