Mercutio said:
Kev, it kind of sounds to me like you dislike the poor on some kind of general principle.
I lived in a neighborhood like the one you described for several years, and I can tell you that, yeah, there ARE $1000 cars with $2000 rims out there, and welfare homes with 60" TVs. BUT I can also tell you that I saw people - saw WITH MY OWN EYES - who made it out after a year or two of help from the "government black hole".
And I can also tell you that a lot of what you're describing is the fault of highly predatory lending practices for those with "marginal" incomes. Ever been in a Rent-a-Center? $40 a month for 36 months to "rent to own" a $400 computer? $100 a month for 24 months to get a $900 TV? $350/month for 72 months to buy a $15,000 car? 50% penalties for late payments? I'd call that a deck stacked in favor of the house!
It doesn't take a rocket scientist to see that somebody who doesn't have a whole lot of cash - has never had to manage their money - is probably going to spend whatever they get. But a lot of what they spend it on (Big TVs, cars etc), they wouldn't be able to without the cooperation of businesses like Rent-A-Center and GMAC.
Hi Merc- I didn't mean to imply that Welfare is all bad. I have known several individuals who have been on (they call it 'the budget') and they have been able to pull themselves out.
The people I have a problem with are those who make no effort to manage their money (or the money that is given to them) and just take advantage of the system in the best way they can. It's the people that have no intention of putting forth a good faith effort to get a job (even if it isn't a very high paying job at first) or save for their future that piss me off. It doesn't take any kind of formal education to save a litte money or control one's spending.
I know what you are saying about places like rent-a-center or unscrupulus lenders (Mitsubishi is a bad one there). But you know what? TVs, VCRs, DVD players, stereo system,s and expensive cars are luxury items and any person who cares about their financial situation will know not to purchase (or 'rent') them unless they have sufficient disposable income. This takes no formal training or schooling, just plain logic. My guess is that people will complain about what a ripoff places like rent-a-center are but they aren't willing to do without a TV for a few months so they can acutally BUY one. That's a conscious choice. My friend at work, an engineer who makes good $ but he's the only income. In order to save money and be fiscally responsible, he does not subscribe to cable TV. They make do with plain old over-the-air TV because cable does not fit in a budget that allows them to save the amount they need to save. He didn't lean how to do that in engineering school. He just decided he wanted to have some extra $ each month!
People who don't want to think will continue to blow what they have and not think at all about tomorrow. Those people don't deserve our help.
Thank god for my brother that he has a good paying job. He made $95K last year with overtime in his good manufacturing job but doesn't have a pot to piss in because he blows everything he makes.
I have no dislike for the poor. In fact, I have a really soft spot for those who are willing to work to help themselves.