How do cash transfers impact the people who don’t receive them? (2019)

Re:How do cash transfers impact the people who don’t receive... by chongli on Monday August 22, 2022 @04:51AM (#32548939)

handouts increase inequality and poverty.

Or perhaps another way to say it is this: cash doesn’t matter. It’s all about capital. If you want to reduce inequality, give the poor some capital. Unfortunately, I think they’ll likely sell their capital to buy food or pay rent.

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Re:How do cash transfers impact the people who don’t receive... by piva00 on Monday August 22, 2022 @05:17AM (#32549119)

Capital is only valuable when your basic needs are met. If shelter, food, energy and transportation costs creep into you every week it's just logical you'd trade some capital for cash to meet those needs...

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Re:How do cash transfers impact the people who don’t receive... by chongli on Monday August 22, 2022 @05:20AM (#32549148)

Yes, and unfortunately we’ve built a society where home owners have all the power to ratchet up shelter and transportation costs for everyone else.

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Re:How do cash transfers impact the people who don’t receive... by pessimizer on Monday August 22, 2022 @08:13AM (#32550263)

And homeowners are increasingly becoming massive companies rather than individuals. That's going to end up being feudalism, right? The ownership of these companies is going to be passed down through families.

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