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To: Hunton Peck

Poverty is only a state of mind.


4 posted on 06/25/2012 12:11:18 PM PDT by PGR88
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To: PGR88

Bingo.

Save for a small percentage of true charity cases, it’s a matter of will.

Money is not value. Value is not money. Neither are durable.
“He who does not work, neither shall he eat.”

One must produce more value (wealth) than he consumes. If not, poverty ensues.
Money is just a convenient token representing value; acquiring it without trading for value produced does not end poverty, it just forestalls it - while that money gets routed back to those who do create value.

I can make a hamburger and sell it for $1.
Needing food and lacking $1, the gov’t could give you a dollar.
You give me the dollar, I give you the burger, I’m $1 richer, you’re satiated for a couple hours.
This doesn’t help your situation. A couple hours later, you’re hungry again and don’t have a dollar.
The feds could declare war on the problem, print a lot of dollars, even take a lot of dollars from me, but the problem remains. So long as I create things with inherent value, I’ll attract money; so long as you don’t, you won’t. Lots of currency gets injected into the system, existing currency gets devalued, producers get annoyed, and the non-producers remain poor.
Go figure.


16 posted on 06/25/2012 2:27:57 PM PDT by ctdonath2 ($1 meals: http://abuckaplate.blogspot.com)
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