Should poor people have kids?

[LastPoet]

Children are one of the few joys in life that poor people can afford.

My brightest star, the shine in my sorrow eyes. She is in need of a sibling or two. Alas, while we could do it we have to consider the cost of raising children. In my time kids were raised, but this days you will have CPS on your arse for the simplest things. Someone made an anonymous call complaining my daughter wasn't being cared for. The CPCJ came with ghe police to check my conditions. All ok, she is a happy child, well cared for, but someone wants to harm me. It seems I do have enemies.

[Dmitry1983]

Why is nobody changing course?
There is no functional difference between your own capital and borrowed capital if interest rate is zero.

Ask yourself a question. If you would artificially inflict wealth inequality in an economy will that generate added value?

No. Why is nobody changing course?
Reality is such that less than 10% of population know how to manage capital. As result in market economy wealth tends to concentrate in hands of few and that is what makes market economy efficient. If you try to redistribute wealth most people will eventually bankrupt themselves.

There is a very big difference between debt and personal wealth.

There is no difference for money managers. You use capital to make return. If you use capital borrowed at zero interest rate then your return will be same as if you were using your own capital.

[LastPoet]

Ask yourself a question. If you would artificially inflict wealth inequality in an economy will that generate added value?

No. Why is nobody changing course?
Reality is such that less than 10% of population know how to manage capital. As result in market economy wealth tends to concentrate in hands of few and that is what makes market economy efficient. If you try to redistribute wealth most people will eventually bankrupt themselves.

There is a very big difference between debt and personal wealth.

There is no difference for money managers. You use capital to make return. If you use capital borrowed at zero interest rate then your return will be same as if you were using your own capital.

Jesus would be so proud!

[BrokenQuill92]

Children are one of the few joys in life that poor people can afford.

My brightest star, the shine in my sorrow eyes. She is in need of a sibling or two. Alas, while we could do it we have to consider the cost of raising children. In my time kids were raised, but this days you will have CPS on your arse for the simplest things. Someone made an anonymous call complaining my daughter wasn't being cared for. The CPCJ came with ghe police to check my conditions. All ok, she is a happy child, well cared for, but someone wants to harm me. It seems I do have enemies.

thats part of risk of having children with a disabled partner. People are more likely to see disabled people as unfit whether or not they have an able bodied partner

[notimportant1234]

Ask yourself a question. If you would artificially inflict wealth inequality in an economy will that generate added value?

No. Why is nobody changing course?
Reality is such that less than 10% of population know how to manage capital. As result in market economy wealth tends to concentrate in hands of few and that is what makes market economy efficient. If you try to redistribute wealth most people will eventually bankrupt themselves.

There is a very big difference between debt and personal wealth.

There is no difference for money managers. You use capital to make return. If you use capital borrowed at zero interest rate then your return will be same as if you were using your own capital.

I purposefully didn't answer your question first time because it is not related to the subject. We are not discussing if capitalism is a good system or not. You still have to prove that  wealth inequality and "capital management" are what makes capitalism soo successful. And BTW, you sayed that most people will lose all their money, even if they had billions. You didn't say anything about wealth distribution in your first post. Can you refrain from changing the subject on every post you make? 

It doesn't matter who you are, debt is still debt. You still have to return it in a given period of time, with or without interest, you can't say the same about your own wealth.
And your return will be the same with or without an interest rate, your chance off succes doesn't change based on that.

Edit:. Money managers are not the ones that are growing the economy, entrepreneurs are.

[LastPoet]

thats part of risk of having children with a disabled partner. People are more likely to see disabled people as unfit whether or not they have an able bodied partner

I will always stand for my disabled woman, the mother of my children. And she is more able than me, the safe harbour for the pirate, yours truly-

[Dmitry1983]

You still have to prove that  wealth inequality and "capital management" are what makes capitalism soo successful.

I don't have proof but there is indirect evidence. Regulators are unwilling to redistribute wealth despite strong public pressure.

And BTW, you sayed that most people will lose all their money, even if they had billions. You didn't say anything about wealth distribution in your first post.

Wealth inequality is logical consequence of lack of management skills among general population.

It doesn't matter who you are, debt is still debt. You still have to return it in a given period of time, with or without interest, you can't say the same about your own wealth.
And your return will be the same with or without an interest rate, your chance off succes doesn't change based on that.

Your claim was that it doesn't matter how financially skilled you are. If you borrow 1 billion dollar at zero interest then you will earn 300 million in 1 year because you are supposedly just as good as Warren Buffet who makes 30% a year on average.

Edit:. Money managers are not the ones that are growing the economy, entrepreneurs are.

Nope, Uganda would be richest country in the world if it was true.
https://www.businessinsider.com/top-9-co...internet-9
Capital creates economic growth.

[Gawdzilla Sama]

Bolshie economics None-O-None.

[Fake Messiah]

That is one heck of an enigma, BrokenQuill92, that many tried to untangle. My guess is that some people just love walking around with diapers up to their knees and having a house full of kids that they can't afford.

I remember once watching some TV segment about a family of 15 in a flat with two rooms, but at the time of the filming of that segment they were down to "only" like 6 kids and dad was thinking of buying smaller apartment, now that the family is "small".

[Apathyst]

By moving to North Korea. Prosperity and equality are mutually exclusive.

You suggest that any group of 10 people that find themselves in a garden with ten watermelons will necessarily decide some should get several and others none? Have you considered that your maxim is only true in circumstances where the group is sufficiently large preventing the watermelonless from smashing the multiple watermelon ones in the nose and taking the extra watermelon back from the greedy bastard who felt entitled to more while others suffered for his excess? Maybe governments and cops exist to subdue the watermelonless keep them from imposing the natural justice found in small groups where generally distribution tends to be more equal.

Rich don't hoard wealth, they manage it.

The Dunning-Kruger is strong with this one...

If every liberal had billion dollars they all would go broke in 10 years.

Never heard of Warren Buffet? George Soros not ring any bells? How about Larry Ellis?

You know this may sting a little bit sport but you deserve some info so let me lay some on you...

Yet today in America, the majority of rich people statistically are not Republicans but are liberal Democrats, many of them on the far left. They live in places like New York and Hollywood and San Francisco and Chicago and Silicon Valley, hardly the home turf of conservatism. Most of the richest congressional districts are represented by Democrats. Many of the richest people in the US congress are liberals.

And the three richest men in America– Warren Buffett, Bill Gates and Larry Ellison – all are liberals.

Cite.

https://247sports.com/high-school/georgi...-72864143/

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'The first myth of management is that it exists.  The second myth is that success equals skill.' - Robert Heller

Boru

You seem philosophically eclectic. I dig it.