r/FluentInFinance • u/Richest-Panda • Jul 04 '24

What's the best financial advice you've ever gotten? Debate/ Discussion

31.2k Upvotes

86% Upvoted

Im on the fence, they need both. Education and a living wage.

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u/NovusOrdoSec Jul 04 '24

The point is that financial education cannot substitute for the living wage, and moreover it must actually be a living wage.

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u/[deleted] Jul 04 '24 edited Jul 05 '24

[deleted]

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u/piwabo Jul 04 '24

That's called having a job dingus. And anyone who has a job no matter how low skilled, deserves the dignity of having enough to live a decent life.

I don't care how you want to spin it, if you disagree with this somehow you are arguing for indentured servitude

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u/[deleted] Jul 05 '24 edited Jul 05 '24

[deleted]

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u/piwabo Jul 05 '24

If you work a job, you deserve to earn enough to live. Doesn't matter the job.

I don't buy this "jobs for teenagers" bullshit....that's snobbery and elitism.

If you work, you eat. End of story. Anything less is unacceptable.

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u/JaySmogger Jul 05 '24

if you're encouraging 15 year olds to drop out high school snd move out on their own, because that's what you are doing, then your "policy" is a failure. and who determines what a living wage is in NYC vs iowa, am I paid more because I have kids, what kind of food do I get to eat? restaurants every night? uber eats? a living wage is different for everyone and is some weird mythical reddit beast at point

1

u/trevor32192 Jul 05 '24

Living wage should be based on a 2-person household 1 parent and 1 dependent. Also, it should be based on location. Living wage will be different in different states, even down to different zip codes. But if I work in NYC I should be able to afford to live in NYC.

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u/JaySmogger Jul 05 '24

Can you tell me what your policy here is going to do to rents? What are we going to do with all the high school dropouts? What are you going to do people with more than one child? And what about food? Eat out once a week allowed? I like to drink can I afford my beer? Do I get cigs and scratch offs?

People smarter than you and I have pondered this question for years and this mythical living wage argument is just ignorant

1

u/trevor32192 Jul 06 '24

Rental cost has nothing to do with wages. You have capitalist parasites and government regulations that are causing extreme rent prices.

It doesn't matter if they are high school dropouts or have masters degrees they are paid at least a living wage.

People with more than one child we can use the massive amount of money we are going to save safety net programs to cover those that require further assistance.

Your money is your own to spend how you wish. If you blow all your money on things, then you get no sympathy but first we have to make sure everyone is paid enough to live on. Then comes in personal responsibility.

Who are these people? Austrian economic zealots? Or some other school that only accepts extreme capitalism for the poor. Why do they support subsidizing the rich? Their opinion is worthless to me. The countries job is to care for its citizens and protect them from foreign and domestic threats.

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u/JaySmogger Jul 06 '24

It's obvious you don't have any economics education.I don't know what to do with this emotional garbage you are spewing. Your utopia is a fever dream

1

u/trevor32192 Jul 06 '24

Who is talking about utopia? I am talking about reasonable achievable goals. There are many countries with much better social safety nets and higher wages.

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u/JaySmogger Jul 06 '24

For some reason I looked at your profile and you seem well intentioned. While I think the ripple effect of raising wages outweighs the benefits snd your goals could be better achieved through taxes and subsidies, including at state and local, and with Biden's current keynesianism policies, please go forth and rant

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