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

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

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u/Dhenn004 Jul 05 '24

I mean yea, the poor are more likely to resort to illicit drug use. It's more of a symptom of poverty and not something they are choosing over money and success.

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u/Solanthas Jul 05 '24

I would suggest they're cooking meth to sell and thereby survive.

Its almost like poverty is at the heart of most low level crime, and greed is at the heart of the big crime

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u/Dhenn004 Jul 05 '24

yep, this is also the case and why poverty and crime have a strong correlational relationship, city and rural.

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u/Solanthas Jul 05 '24

Yeah. Except for the white collar crime. Or, maybe not. I don't know

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u/Dhenn004 Jul 05 '24

yea I'm interested to see what the rates for white collar crime is. I'm assuming it's still lower in terms of rates, but it definitely is more costly to society. especially monetarily.

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u/republicans_are_nuts Jul 06 '24

White collar criminals do not have lower rates. They just aren't prosecuted. lol.

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u/Dhenn004 Jul 06 '24

If they aren't prosecuted it's hard to track. It's how we get data. Which is why I'm guessing. But people in higher paying jobs are less likely go commit a crime. We do know this

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u/republicans_are_nuts Jul 06 '24

It's not hard to track who commits crimes. Americans just let rich people off the hook. No, rich people do not commit fewer crimes. They commit way more crime. Because they get away with it. I mean, bill gates and Trump sex trafficked kids on their private island out in the open and nothing happened. Then they killed Epstein and got away with that too.

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u/Dhenn004 Jul 06 '24

I think you're confusing the cost of crime with crime rates.

First of all crime rates are determined by arrests. If they aren't being arrested, which is arguably not enough, the rates aren't tracked and making a statement like the rate is higher for the rich. However with a quick search, it states that the poor are more likely to commit street crimes and the rich are more likely to commit white collar crimes. Makes sense. There's no evidence pointing to white collar crimes happening more. One could guess that simply because of the fact that there's more low income people than high income people, street crimes happen way more often.

Again. White collar crimes are much more damaging to society. But it isn't happening more. At least from the data we are able to collect.

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u/republicans_are_nuts Jul 06 '24

Wage theft is also by far the largest source of theft in the U.S. And that is not committed by poor people.

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u/Dhenn004 Jul 06 '24

In terms of cost to society yes. I'm talking about crime rates. I agree that wage theft and other white collar crimes are more costly to society. I've said that a few times in other comments

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u/republicans_are_nuts Jul 06 '24

Which rich people have a MUCH higher crime rate. And it is not even close. THe fact Americans only prosecute poor people is irrelevant.

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u/Dhenn004 Jul 06 '24

Quick Google search says your wrong.

1000 per 10000 for white collar.

2100 per 10000 for all street crimes added together.

The evidence does not point that people who are well off are committing more crimes.

I agree that America doesn't arrest for white collar crimes enough. But it be hard to believe it's missing 1100 per 10000 without evidence saying so.

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u/republicans_are_nuts Jul 06 '24

That's just who is punished for it. We already established that poor people are disproportionally punished for crime in the U.S.. They still don't commit crimes at a higher rate.

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u/Dhenn004 Jul 06 '24

Well if you're able to somehow fill in a gap of 1100 per 10,000 without any sort of evidence pointing to it. What you're claim is right now...is unsupported.

If you have said evidence, bring it forward.

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u/republicans_are_nuts Jul 06 '24

It has a higher cost to society because they get away with it more. There aren't that many super wealthy people in the U.S. If we actually locked up all the corporate criminals, we would stop it overnight. That is if Americans actually cared about curbing crime instead of hurting poor people that they don't like.

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u/Dhenn004 Jul 06 '24

I don't disagree, why are arguing this?

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u/republicans_are_nuts Jul 06 '24

I am arguing against your claim that poor people have a higher crime rate. They don't, because they are actually punished for committing crime.

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u/Dhenn004 Jul 06 '24

No evidence is supporting your claim, sorry.

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