ChristopherSaid on Nostr: It just goes to prove: You can't take a poor (as in stupid and without a thinking ...

It just goes to prove: You can't take a poor (as in stupid and without a thinking brain) person, give them a bunch of money, and expect equitable outcomes with rich (as in the potential for long-term thinking) people.

Everyone always takes the lump sum up front and then everyone is outraged when they get screwed on taxes. If they'd taken it as a yearly annuity, they would have reduced the tax obligation substantially.

The 'Gimmie NOW' attitude makes you myopic & keeps your kids poor.