Is It true what they say about money in the hands of the rich vs the poor?

How often do you hear people say that if money was evenly distributed amongst everyone that it would all end up in the same few hands that controlled the wealth before?

This is often to kick against aid programs but the problem is that this statement is frankly a rude generalization based on the idea that the poor are fundamentally “lazy” and non-productive people.

When in reality, they do a lot of heavy lifting and only lack opportunities to escape the income bracket that keeps them poor.

First, it's crucial to point out that I personally do not believe in throwing money at people in a bid to improve their finances. Most times, that money gets blown up and the reason is actually quite simple.

But before we get into that, it's also important to highlight that aids generally will always exist because there are people who are disadvantaged and cannot function on their own, hence cannot be expected to work for bread.

So when we look past aid that's targeted at individuals that actually need free money, how should the rest of the poor population be approached?

I think the statement at the top of this article is false because giving people free money is nothing without knowledge and experience, two things that are very essential for proper money management and building wealth.

If you want to talk about giving everyone equal amounts of money as an experiment, you have to include equal financial and business knowledge, you must add the opportunity to earn experiences and connections(or at least offer secrets to go out there to secure them and build lasting relationships).

When you level the playing field this way, you'll see a significant difference in what happens with the evenly distributed wealth.

You can be sure of one thing, debt would skyrocket because that's how most will approach financing their operations.

Financial literacy plays a key role in how people manage money. Without proper education, the only thing a population can do is plant, harvest, eat and repeat. There won't be much care for anything else.

So if there isn't any care for anything else given the lack of knowledge of what opportunities exist when money is well utilized, tell me why one would expect any more from a poor man than to spend free money received on whatever offers immediate pleasure?

So while the people making statements like this acknowledge that the vast population are not well-informed and would blow up any money given to them, they go right ahead to mock the same population rather than state the obvious, which is the need to invest more on educating people and offering them opportunities to grow.

But of course, they know that if they did that then they wouldn't be people to work the factories and do all the dirty jobs that actually holds up the system that brings about the riches that affords them the luxury lifestyle.

Maybe AI will change things up and really set us up to challenge these long-held beliefs, because if autonomous machines can do the factory work and all the dirty and cheap labor, the human population will need to shift to more complex positions that should typically require being educated and extensively exposed.

It remains up for speculation as we await the takeover of AI. But for now, the world will continue to run with the narratives even when false and provable if anybody cared to have a look at the data.