How Much Does Free Money Cost?

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Aug 12 2020 33 mins  

The old saying it is better to teach a man to fish than to give them one meal, for learning how to fish can feed them for a lifetime while a meal only a moment. This idea holds true with financial assistance as well, generally just giving people money is a band aid solution at best. Look at the lottery for example roughly 70% of winners end up filing for bankruptcy within a few years. In my opinion closing the wealth gap is a similar situation in that simply giving poor people a lump some of money won't solve the problem. It's more about providing tools to generate wealth, rather than gifting riches. In this episode we discuss the possible consequences for how the government has handled providing aid in the past ie... unemployment/stimulus checks.

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