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Re:The financial literacy industrial complex by djbebs on Sunday September 19, 2021 @05:04PM (#28587908)
The reason we don't have a meritocracy society is because failure is being rewarded.

Cut the welfare, stop punishing success with higher taxes and you'll see just how much better people can be.

Re:The financial literacy industrial complex by arvinsim on Monday September 20, 2021 @06:07AM (#28592056)
Small fry compared to banks and companies being bailed out by the government.
Re:The financial literacy industrial complex by isodude on Sunday September 19, 2021 @05:15PM (#28587994)
That would be great for society but awful for it's citizens.

Failure is not being rewarded, being a member of sociery is, it's not about performance.

Re:The financial literacy industrial complex by djbebs on Monday September 20, 2021 @05:49AM (#28591938)
Failure is being rewarded with free services, lower taxes and a whole bunch of other benefits, this isnt really in question here.

Dollar for dollar poor people pay 1 sixth of the income taxes that high income earners pay. If that's not rewarding failure, what is?

Re:The financial literacy industrial complex by isodude on Monday September 20, 2021 @08:24AM (#28593037)
You put an equal sign between failure and low income, which in my mind is quite baffling. You could be a failure and pay a lot of taxes too.

But it's not uncommon, we do it with our kids all the time. "If you don't perform good grades, you are not good enough". My point being that changing that view to, "look at what opportunities you (will) have now". Someone being a failure according to you may be quite demotivated at reaching a high income due to the fact that it seems impossible, why do the effort? For what is more important than playing a role in society, and be a good human? Is really income a value of how human you are?

Re:The financial literacy industrial complex by onlyrealcuzzo on Tuesday September 21, 2021 @04:48AM (#28603156)
You're assuming market prices for labor aren't artificially low because the system works against them.

You're also assuming high incomes are completely independent of Central Banks subsidizing asset prices.