Is Poverty Really the Result of Bad Luck? 

This is a point I have tried to make many times. It would be cheaper to just give everyone $10,000 cash and end the welfare system. (Just think about what kind of stimulus that would have created instead of bailing out worthless banks!) Spending does not end poverty. Destroying the mindset of poverty will end poverty. Poor people perpetuate poverty by having children like rabbits and then expecting the state to bring them up. All studies show that parents are, by far, the biggest predictors of the success or failure of their children. All the social workers in the world will not be able to do anything after little Humpty-Dumpty falls. Message to parents (rich as well as poor): If you don’t know how or don’t have the will to raise children like they are the most important asset in the world, the DON’T HAVE KIDS!
As for those poor children who had bad parents or no parents, time to face reality. Government is using you. For every crumb you get, someone in the system is getting rich off the administrative costs. You will never be more than a pawn until you wake up and realize that life is not contingent upon the hand you are dealt but on how you play it. It is possible to win with a pair of twos.

PA Pundits - International

On Thanksgiving eve, a Nicholas Kristof editorial instructed us on how to think about poverty in The New York Times. The main reason there is poverty, he tells us, is bad luck.

We don’t choose our parents, after all. Or the household or neighborhood we are born into. Here are a few of his observations, with my emphasis added:

20130414_BABY-AP_PHOTOMini“As Warren Buffett puts it, our life outcomes often depend on the ‘ovarian lottery.’

[T]he difference between being surrounded by a loving family or being homeless on the street is determined not just by our own level of virtue or self-discipline, but also by an inextricable mix of luck, biography, brain chemistry and genetics.

[S]uccess in life is a reflection not only of enterprise and willpower, but also of random chance and early upbringing.”

So what’s the solution to this problem? It is apparently very…

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