No, Because the financial situation for the. Nation has changed in 13 years.
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Why do people make children?
- Thread starter Estro Felino
- Start date
No, Because the financial situation for the. Nation has changed in 13 years.
My claim is not that 80% of millionaires started off poor, my claim is that they were not rich.
No other economic system has done more to lift more people out of poverty than the Market Economy
Capitalism Is Good for the Poor
Nothing has done more to lift humanity out of poverty than the market economy.
fee.org
13 year old research that is still revelant today. Look at the worlds richest; how many of them had parents that were billionaires?
What's wrong with being a billionaire?
True! While some things have changed, this has not. However; here is another link only a couple months old that confirms the same thing.
How Many Millionaires Actually Inherited Their Wealth?
Our research team here at Ramsey Solutions conducted the largest study ever done on millionaires, and we uncovered the truth about how these men and women built their wealth.
www.ramseysolutions.com
So how do you account for the fact that 80% of today's millionaires are first generation rich? Also, as pointed out by the article you provided, living paycheck to paycheck is not an indicator of being poor, often it's just a matter of spending too much.
I value other things in a man, other than money. 
Would you care to show how you arrived at these numbers? From hopefully a more recent survey?
As far as my link, I was only showing that wealth means little, everyone is struggling.
The link I provided on post #184 was only 2 months old! How more recent do you need it to be?
With 7% of the US population millionaires, everybody is not struggling. Sometimes when we are struggling, we assume everybody is in the same boat as we are in.
Didn't see that link but I do now. Apologies.
Soaring food and gas prices mean almost 1 in 2 Americans say they're struggling financially, survey finds
Most people are paying more for basic necessities as rising inflation pushes up the cost of living in recent months, Monmouth University survey finds.
Seems a moot point what one is earning.
As eluded to by your previous link, just because someone is struggling, does not mean they are poor; sometimes it's just a matter of spending too much; and just because someone is poor doesn't mean they are struggling; sometimes it's just a matter of living within your means. But then; with people insisting on raising minimum wages, it shouldn't be a surprise prices are going through the roof.
Soaring food and gas prices mean almost 1 in 2 Americans say they're struggling financially, survey finds
Most people are paying more for basic necessities as rising inflation pushes up the cost of living in recent months, Monmouth University survey finds.www.businessinsider.com
Seems a moot point what one is earning.
Koldo
Outstanding Member
Have you changed your mind? You were talking about how even the son of a poor man has a good chance of becoming rich. Are you going stand by that or not?
No other economic system has done more to lift more people out of poverty than the Market Economy
Capitalism Is Good for the Poor
Nothing has done more to lift humanity out of poverty than the market economy.
Meaning you agree that being poor makes one a loser in a capitalist society? Otherwise, why do you want to debate about what economic system does the most to lift people out of poverty?
Can I show you this clip?
A handsome man who looks amazing in that suit, cannot buy it because he has to sacrifice himself for the sake of his children.
Children will suffer and feel guilty and grow up sad and demotivated.
Making children is not advisable.
Koldo
Outstanding Member
Then substantiate the claim that poor people have a good chance to become rich. Your previous link simply doesn't.
Then why are you talking about people getting out of poverty? How does it relate to what I said?
NO! Having children when you cannot afford them is not advisable.
History is full or examples of people who were once poor, eventually becoming rich. Now I’m not claiming the poor are likely to become rich, I’m just saying I believe their chances are good.
You said the poor are the losers in capitalism. I provided example of the poor getting out of poverty due to capitalism. The fact that this often happens refutes your claim IMO
What do you mean by "affording kids"?
Capitalism is irrelevant when resources are limited.
If you don't have the finances, and time necessary to raise a child in a way they deserve, you shouldn't have them.