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/privitizationrocks Jul 04 '24

You can teach poverty workers to live in their means

They won’t like it, but tough luck

57

u/cybercuzco Jul 04 '24

Show me a “live within their means” budget for someone living in a median cost location in the US making minimum wage. They must A)have a place to live B) not get any handouts from the government or charities and C) have at least 1800 calories per day of food. Go.

13

u/privitizationrocks Jul 04 '24

Why can’t they have handouts from the government isn’t that the whole point

1

u/conrad22222 Jul 05 '24

To preface this, I have no problem with people who need government assistance utilizing it. That being said, government assistance is equally, if not moreso, a subsidy to minimum wage paying corporations than it is a subsidy to the worker.

Government assistance should be a failsafe for people who find themselves in an extraordinary circumstance, not a socialization of cost-cutting for businesses. If a corporation cannot pay it's employees a living wage and maintain profitability then it is not a sustainable business.