Just tell him that there are people called Democrats who benefit from keeping people poor. A four year old should be able to understand that.So what do you think, how would you explain the existence of rich and poor people to a reasonably intelligent 4 year old?
Just tell him that there are people called Democrats who benefit from keeping people poor. A four year old should be able to understand that.
-snip-
So what do you think, how would you explain the existence of rich and poor people to a reasonably intelligent 4 year old?
Just tell him that there are people called Democrats who benefit from keeping people poor. A four year old should be able to understand that.
Newsflash - If you are retiring with "more than a few million" then you are the rich.
No wonder you don't know what to tell your kid.
Fern said:I have met/known many people who were not rich in a material sense, but were rich in other ways: quality of life, family, friends, happiness, experiences etc.
We were dirt poor when I was 4 and I was not capable of comprehending what that meant, much less understand what rich meant. I think I was about 11 when I first realized the shame of being poor.
It took me a long time to understand what people meant by this. It doesn't mean you're screwed no matter what you do. The true meaning of this phrase is that you're expected to cheat. Everyone else is cheating, so the only way to make the game fair is to cheat. Example: using steroids isn't cheating if everyone is using steroids. A movie phrase with a very similar meaning is "You should have killed me when you had the chance." The movie phrase is talking about fairness. You don't kill me, I don't kill you. That would be fair, but life isn't fair. You should have killed me when you had the chance.
Explaining rich and poor is very simple. Rich people get paid more. Why do they get paid more? There are millions of reasons. Some work harder, some of them get paid because they have friends and connections, some people invest their money (stocks and business), some people lend their money to others and charge interest (bonds). Some people are paid more because fewer people are capable of doing that job. Everyone can cook fries but not everyone can teach university level mathematics. Bill Gates is mostly rich through hard work. Putin is probably rich due to corruption, as are most of our own politicians. Politicians regularly do insider trading. They'll know ahead of time that a piece of legislation is a giant handout to a certain company or industry, and they front run that trade. They will also retire and work as "consultants" at the companies they gave tax money to.
You could always go the direction of modern economics and try telling him that capital is not the source of wealth. Don't save your money, don't buy stocks, don't buy bonds, don't start your own business. Use all of your money to buy cheap crap from China and somehow you'll magically get rich.
HI,
Where he explains:
"It's like setting a jar of moonshine on the floor of a boxcar full of 10 hobos and saying, 'Now fight for it!' Sure, in the bloody aftermath you can say to each of the losers, 'Hey, you could have had it if you'd fought harder!; and that's true on an individual level. But not collectively -- you knew goddamned well that nine hobos weren't getting any hooch that night. So why are you acting like it's their fault that only one of them is drunk?".
...but it implies that the Poor didn't Work just as hard.
Tell him life isn't always fair.
Also tell him that deficits don't matter.NO! That might hurt his feelings 🙁
Tell him he is a precious snowflake, anbd that he doesnt have to worry about rich/poor, the government will take care of him.
So what you are saying is there is no such thing as poor person who doesn't work hard???
I started this yesterday but had to save for later. Most interesting that this should come up with your son. I have made several posts on the subject in the last few days. There are two things that stand out from your post that I want to mention first, the obvious depth of your intellect, and the love you have for your son. He is already rich.
Best Wishes, M
That's an excellent point.The first lesson to my child was what IS "rich" and "poor".
There are different kinds of 'riches'. And, materially, what is rich for one person is poor for another.
Before you can know why something exists, you must understand what it is.
I have met/known many people who were not rich in a material sense, but were rich in other ways: quality of life, family, friends, happiness, experiences etc.
And I have met/known many people who were rich materially, but poor in every other sense.
Fern
I too. At four, our bathroom was through the garden and across the ravine. I watched my parents volunteer for extra work, and more importantly extra responsibilities, and we went from dirt poor to respectably middle class even though neither parent had a day of college. (And my mother ended up Financial Director of the County.) I don't think I ever felt any shame though; poor was just something a LOT of kids were. And since we were always able to contribute to the food drives for the poor - might have been potatoes, but always something - I never really thought we were poor. Poor wasn't people who didn't have televisions or indoor toilets, poor was people who had to have charity to eat. Only shame I ever saw in poverty was for those kids whose parents just wouldn't work.We were dirt poor when I was 4 and I was not capable of comprehending what that meant, much less understand what rich meant. I think I was about 11 when I first realized the shame of being poor.
Monopoly would be a horrible example, because we DON'T start with the same thing. Some kids are born to rich folks; some kids are born to parents who wouldn't strike a lick at a snake and have to beg someone else just to afford to pay attention. Some kids are born smart, and some are born slow. The smart kids have a much easier time than the slow kids, and the rich kids have a much, much easier time than the poor kids. Likening life to Monopoly risks a poor kid looking around and deciding the game is already lost - or a rich kid looking around and deciding the game is already won.It's a product of probability, Strategy, and limited resources.
Once upon a time, all men were equal. Then, by luck, one person or group of people got a little bit more than the others. Using this surplus of resources, they were able to get more and more. Since resources are zero sum, them having more meant everyone else had less.
Fast forward a dozen or so millennia and you have our current state of affairs.
For a child, an analogy of Monopoly may be apt. Everyone starts off equal, but then chance starts to influence the players' fortunes. Someone wins the dice roll to go first, other dice rolls lands some players on the better properties, etc. Then, using basic strategies, you can press an advantage obtained through luck to become richer than the other players. A very good player may not need as much luck as another, but luck will beat skill every time.
A Texas Hold 'Em Tournament is another good analogy, or pretty much any game where players vie for control of limited resources (Risk, Settlers of Catan)
Beautiful, Moonie.I started this yesterday but had to save for later. Most interesting that this should come up with your son. I have made several posts on the subject in the last few days. There are two things that stand out from your post that I want to mention first, the obvious depth of your intellect, and the love you have for your son. He is already rich.
SNIP
Best Wishes, M
Couldn't have said it better myself.I would explain it this way....rich people can be born to this life just as poor people can be born to a life of poverty. Sometimes it is only circumstance that will decide the rich and the poor. But that never prevents anyone from trying to improve their lot thru, hard work, education and associating with successful individuals. Often a person can become too cynical or to proud to move to a better position in life. So while the USA provides the most chance in life for those looking to climb the ladder there are many countries where you are locked into the a specific lot in life.
KYLE: Well how come Kenny's family eats frozen waffles for dinner and has rats on the floor, and we have a big house and lots of food?
KYLE'S FATHER: Well, because Kenny's family doesn't have as much money as we do.
KYLE: But why? If they're hungry and poor, why don't we just always give them half of our food?
KYLE'S FATHER: Ha ha ha ha ha! Ooh-ho boy, have you got a lot to learn! Sit down, son. You see, Kyle, we humans work as a society, and in order for a society to thrive, we need gods, and clods.
KYLE: Gods and clods?
KYLE'S FATHER: Yes. You see, I spent a lot of time going to law school, and I was able to go because I have a slightly higher intellect than others. But I still need people to pump my gas, and make my French fries, and fix my laundry machine when it breaks down.
KYLE: Oooohh, I see. Gods and clods!
KYLE'S FATHER: That's right. So Kenny's family is happy just the way they are, and we're all a functioning part of America.