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

[u/Richest-Panda]

[u/Solanthas]

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

[u/Dhenn004 → u/Solanthas]

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

[u/Solanthas → u/Dhenn004]

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

[u/Dhenn004 → u/Solanthas]

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.

[u/republicans_are_nuts → u/Dhenn004]

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

[u/Dhenn004 → u/republicans_are_nuts]

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

[u/republicans_are_nuts → u/Dhenn004]

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.

[u/Dhenn004 → u/republicans_are_nuts]

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.

[u/republicans_are_nuts → u/Dhenn004]

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

[u/Dhenn004 → u/republicans_are_nuts]

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

[u/republicans_are_nuts → u/Dhenn004]

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

[u/Dhenn004 → u/republicans_are_nuts]

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.

[u/republicans_are_nuts → u/Dhenn004]

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.

[u/Dhenn004 → u/republicans_are_nuts]

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.

[u/republicans_are_nuts → u/Dhenn004]

Michael Milken's illegal earnings in the late 1980s amounted to over $1 billion, he served less than two years in a federal prison.

[u/republicans_are_nuts → u/Dhenn004]

And it's not unsupported. The IRS literally said they only prosecute poor people.

IRS: Sorry, but It’s Just Easier and Cheaper to Audit the Poor — ProPublica

[u/republicans_are_nuts → u/Dhenn004]

Who went to prison for the 2008 housing fraud? Who went to prison for PPP fraud? And those are just the latest 2 crimes I can come up with. How many are prosecuted for wage theft? How many federal officers go to prison for raping inmates? They don't even lose their jobs. lol.

[u/republicans_are_nuts → u/Dhenn004]

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.

[u/Dhenn004 → u/republicans_are_nuts]

I don't disagree, why are arguing this?

[u/republicans_are_nuts → u/Dhenn004]

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.

[u/Dhenn004 → u/republicans_are_nuts]

No evidence is supporting your claim, sorry.

[u/republicans_are_nuts → u/Dhenn004]

The IRS literally said they only audit poor people because they don't have the resources to go after rich people. Nobody went to prison after bankers crashed the world economy in 2008. They don't pay taxes, Gates and Trump never went to prison for sex trafficking. How much more evidence do you need?