Here’s a Philosophy ☀
Poverty is not something you can fix with social programs, or perpetual wars. It’s a generational challenge that requires the establishment of good habits, and the acknowledgement that no number of fiscal prompts can save certain people from their own imprudent behavior. The ones who scrimp and save will be rewarded with a better life that they earned for their children, not something that was handed to them at the whim of a politician seeking re-election. That’s real social contract: we promise that you will have the ability to accumulate wealth to better your descendants.
It’s anti-consumptive. It doesn’t promote short-term investment in markets. But it would be good for our families, and align with basic cultural values of saving and building for the future.
While in general agreement with the tenets of this post, poverty can certainly be mitigated by providing food, shelter, education, etc.… via “social programs”. 20th century history is indeed illustrative of how said “social programs” created the middle class and transformed the U.S. into a global economic behemoth.
To “scrimp and save” is predicated on accruing a buffer cushion of money greater than the cost of food and shelter. And protection from the ravages of debilitating injury and illness.
