It is comfortable for richer people to think they are richer because of the moral failings of the poor. And that justifies a paternalistic approach to poverty relief using vouchers and in-kind support. But the big reason poor people are poor is because they don’t have enough money, and it shouldn’t come as a huge surprise that giving them money is a great way to reduce that problem—considerably more cost-effectively than paternalism.
-- Charles Kenney, "For Fighting Poverty, Cash Is Surprisingly Effective", Bloomberg News, June 3, 2013
For a counter-example, see the story of almost every lottery winner ever, who was poor before winning the lottery, and ended up poor again soon enough.
Another month, another rationality quotes thread. The rules are: