Throwing money at the problem will not help very much.
2006-07-07 06:46:23
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answer #1
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answered by mattd550 4
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Many do. Warren Buffet (was the worlds second richest man) just donated 85% of his wealth to charity. (about 32 Billion dollars).
Most lottery winners are back to where they were before winning the lottery after 10 years.
Most millionaires who go bankrupt are back to where they were 10 years later.
If All the poor people in the world were given $200,000 cash, most would be poor people would be poor later on.
The problem isn't that the poor have no money, but rather that they have no education, hope, or dreams that they believe are achievable.
Did you know that a first-generation immigrant to the USA is more likely to become a millionaire than someone that is born in the USA?
The entire world knows what the American Dream is and believes in it EXCEPT for Americans! The american dream is NOT having a mortgage and a white picket fence. The American dream is starting with NOTHING and becoming wealthy.
The poor would benefit most from small loans and education on money, finance, capitalism, formal education, and entrepreneurship.
One of the worst things we've done as a country is to put all the poor together. They can't lean on each other. They can't bail each other out. They learn from each other....but they learn about crime, drugs, and "working the system".
The problem goes ddeper than just money.
2006-07-07 13:53:55
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answer #2
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answered by Ender 6
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That won't help. They'll spend all the money and not have any left. The only thing it will help are the businesses where the money was spent.
Throwing money at it won't help at all.
There need to be big changes in the system to end poverty.
2006-07-07 14:19:14
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answer #3
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answered by scott j 3
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Is that a question?
If you donate money off of interest of a large amount of money you can donate longer and (eventually) more.
If you donate the whole sum that's the end of it.
Maybe millionaires need to be more generous but to ask them to no longer be millionaires is a bit silly. Besides, money isn't the sole problem in this dilemma.
2006-07-07 13:48:24
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answer #4
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answered by lifeprocessincarnate 2
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You are absolutely right.The gap between the classes is only growing.How much money is enough.Have ever thing ,good life should be enough,but greed seems to be the way.
2006-07-07 13:49:58
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answer #5
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answered by pretzgolf 5
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Amen that is what i told him.
2006-07-07 13:47:12
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answer #6
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answered by kaos2k6 2
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All i can say is AMEN!!!!!
2006-07-07 13:45:30
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answer #7
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answered by Vagabond5879 7
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use a condom
2006-07-07 13:45:02
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answer #8
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answered by MIKE 1
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