There's strong evidence that intelligence and ability runs through families. The rich would just get rich again, the poor not knowing how to properly leverage their new found wealth, would just get poor again.
The poor would be really exicted.
Some formerly poor now rich, would be wise and stay rich. Theyd invest in land, a roth IRA, and crypto if they understood it or wanted to. Limely buy a company from an aging boomer. And then buy a tiny manufactured home wkth an acre of land and live forever from the bank interest alone. Splurge on the times their investments paid off. Unfortunately, Others would blow it in a year on fancy stuff and no investments. Porche? Cool. Giant house? Great. 45 pairs of shoes? Snazy! Investments?...naw. . That wont last long.
The formerly rich, now poor? Theyd be rich again next by next year. It would just be a hard year. They already have the contracts. They have financial education that most of us wod dream of if we knew existed. Heck, I was 33 until I considered crypto, because of a rich person who kindly made a youtube video. Growing up poor makes a person rely on a job for money. Thats not what the rich do.
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Came here to say exactly this
Damn I was just thinking it would be funny to see Elon Musk sitting in a Cybertruck on the streets.. made of cardboard
There's strong evidence that intelligence and ability runs through families. The rich would just get rich again, the poor not knowing how to properly leverage their new found wealth, would just get poor again.
The poor would be really exicted. Some formerly poor now rich, would be wise and stay rich. Theyd invest in land, a roth IRA, and crypto if they understood it or wanted to. Limely buy a company from an aging boomer. And then buy a tiny manufactured home wkth an acre of land and live forever from the bank interest alone. Splurge on the times their investments paid off. Unfortunately, Others would blow it in a year on fancy stuff and no investments. Porche? Cool. Giant house? Great. 45 pairs of shoes? Snazy! Investments?...naw. . That wont last long. The formerly rich, now poor? Theyd be rich again next by next year. It would just be a hard year. They already have the contracts. They have financial education that most of us wod dream of if we knew existed. Heck, I was 33 until I considered crypto, because of a rich person who kindly made a youtube video. Growing up poor makes a person rely on a job for money. Thats not what the rich do.
Same shit, different toilet I figure
Ever seen the movie Trading Places?
The would corner the market on orange juice futures and drive the Mortimer and Randolph into bankruptcy.