Many poor people get and stay poor by working repetitive minimum-wage jobs to help their families while also being harassed more than rich people are, and don’t have enough time to invest in reading/education to advance themselves because their family needs more money right away.
So if we were to give large transfer payments to the poor then they would have enough money to invest in future generations. In fact this happens frequently in the form of lotteries but wealth decays over just a few generations.
Only if the poor people in question invest their money properly in education and self-advancement, instead of (for example) blowing the windfall on a holiday to Disneyworld. It might be better to find a way to spend that money so as to encourage poor people to learn.
The One Laptop Per Child project managed to get some interesting results by dropping off piles of tablets with basic teaching software and no instructions in two Ethiopian villages so remote that there simply wasn’t any written material anywhere. It seems to have worked well, according to the article.
So if we were to give large transfer payments to the poor then they would have enough money to invest in future generations. In fact this happens frequently in the form of lotteries but wealth decays over just a few generations.
Only if the poor people in question invest their money properly in education and self-advancement, instead of (for example) blowing the windfall on a holiday to Disneyworld. It might be better to find a way to spend that money so as to encourage poor people to learn.
The One Laptop Per Child project managed to get some interesting results by dropping off piles of tablets with basic teaching software and no instructions in two Ethiopian villages so remote that there simply wasn’t any written material anywhere. It seems to have worked well, according to the article.