Would Anyone in the US with Normal Intelligence (98 IQ), Ambition, and Absence of Disastrous Life Choices Be Impoverished?

Answered on Quora.
Of course. I know people with IQ’s of 140–150, good education (BA to MA), good looks, good social skills, good work history, etc. who are either impoverished or have a low income.
Making money is a lot more of a crap shoot than anyone thinks, especially in capitalism because capitalism doesn’t care about utilizing every member of society to their fullest potential.
The Communist countries, no matter what you think of them (and I include China here), probably would have tested all of these people early in life, realized that their intelligence at least had to be utilized by society, and set them on some sort of a track towards putting these people’s intelligence at least in positions where they could maximally benefit society and the state. The Communists were not interested in wasting human potential. In fact, they were ideologically opposed to it.
Capitalism on the other hand claims to care about human potential but actually is neither in favor of or opposed to utilizing it. It is simply indifferent to whether the human potential of society is utilized or not. Capitalism is about maximizing profits and nothing else. If profits can still be maximized while still wasting the potential of millions, capitalism is indifferent.
Furthermore, capitalism, unlike Communism, is indifferent to maximizing human potential to better society and the state. Capitalism is hostile to the state and would just as soon almost do away with it, and capitalism cares not one whit about benefiting society as a whole. As long as high profits are being made, capitalists could care less about what state society, the nation, or the ethnic group are in because they are indifferent to the well-being of all of these things.
I am not advocating for Communism or socialism here over capitalism. There are serious benefits and drawbacks to each system. But the Communists obviously did a much better job than the capitalists at getting the maximal benefit to society and the nation out of as many individuals as possible.

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7 thoughts on “Would Anyone in the US with Normal Intelligence (98 IQ), Ambition, and Absence of Disastrous Life Choices Be Impoverished?”

  1. Man, I just work up to this piece of most unwelcome news. Totally breaks my heart. In which modern civilization do you need to apply lethal force to prevent 58 protesters throwing stones and Molotov cocktails across a border fence?
    I thought the UN declaration of human rights made it amply clear that you cannot kill a person just for the heck of it. Guess it was naive of me. The rules clearly don’t apply to Israel attacking Palestinians.

    Everyone has the right to life, liberty and security of person.

    http://www.dw.com/en/dozens-killed-in-gaza-as-us-opens-jerusalem-embassy/a-43783775
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    blockquote>Dozens killed in Gaza as US opens Jerusalem embassy
    Israeli forces have killed at least 58 Palestinians protesting along the Gaza security fence. Meanwhile, US and Israel celebrated the inauguration of a new US embassy in contested Jerusalem.
    Israeli soldiers fired tear gas and live rounds at Palestinian protesters along the Gaza security fence on Monday, killing at least 58 people according to the Gaza health ministry. A total of 2,771 were wounded, including 1,373 by live ammunition, the ministry said.
    The clashes erupted as US and Israel held an inaugration ceremony for a new American embassy in contested Jerusalem, which US President Donald Trump described as a “a great day for Israel.”
    It was the bloodiest day in the Israeli-Palestinian conflict since the 2014 Gaza war. Palestinians in the Hamas-controlled Gaza Strip have been holding weekly protests since March 30 demanding the right to return to their former lands in Israel and an end to the blockade of the Gaza strip.
    The US embassy move from Tel Aviv has added further fuel to Palestinian anger. Palestinians claim East Jerusalem as the capital of a future state.
    The day as it unfolded:
    Early in the morning, Trump supporters began to gather outside the new US embassy compound in Jerusalem as thousands of police officers patrolled the streets
    About 40,000 Palestinian demonstrators gathered along several points on the Gaza security fence, where protests have been ongoing for six weeks.
    Some Palestinians threw stones and Molotov cocktails while burning tires to create black smoke.
    Israeli soldiers fired tear gas, rubber bullets and live ammunition at protesters in what the army said were “standard operating procedures” to prevent a breach of the fence.
    Israel said it had a right to defend itself.
    As the violence played out in Gaza, in Jerusalem, US and Israeli dignitaries and guests celebrated the opening of the new Jerusalem embassy.
    Jared Kushner, President Donald Trump’s son-in-law and senior adviser, told the audience “we have seen from the protests of the last month and even today, those provoking violence are part of the problem and not part of the solution.”
    The world reacts
    The United States blamed Hamas for the violence. “The responsibility for these tragic deaths rests squarely with Hamas,” White House spokesperson Raj Shah said.
    Palestinian president Mahmoud Abbas said Israel committed “massacres” and “the US is no longer a mediator in the Middle East.”
    Vowing to continue protests, senior Hamas official Khalil al-Hayya said: “We say clearly today to all the world that the peaceful march of our people lured the enemy into shedding more blood.”
    Germany’s foreign office said in a statement: “Israel has the right to defend itself … However, the principle of proportionality applies.”
    Muslim and Arab countries broadly condemned Israeli violence and criticized the US for moving its embassy to Jerusalem.
    Some of the strongest words came from Turkish President Recep Tayyip Erdogan, who accused Israel of “genocide” and “terror.” Turkey also recalled its ambassador from Washington and Israel.
    South Africa recalled its ambassador.
    What happens next:
    The US embassy move and Gaza violence puts Trump’s still unrevealed Middle East peace plan in question. Palestinians have boycotted meeting with the United States and said Washington can no longer act as an impartial mediator.

  2. There was just a study that came out of Italy that used mathematics to prove that luck plays a massive role in financial success. You can do a search for the study, it’s been widely reported in the news the last few days. David Pakman(great progressive channel, btw) summarizes it here:
    https://www.youtube.com/watch?v=afv_1xN0bdE

    1. It’s more an excuse, really. People, even of average IQ, can learn to make money! But the real problem is having the capital to make it work. But they can work for it – if the business is very small. But the working often don’t know how to make money – no clue how to put their working money to use.

  3. High IQ at making money combined with a credit line, collateral would produce wealth. In my case, I don’t have the last two!

    1. I don’t really want to be rich, though. You said on your blog your not opposed to small business. Anything that I made (probably online business) would never exceed a small business income. There’s no way! It would never rival a grocery store or much less, Facebook!

    2. The problem with people in America is they don’t really want a small business, but they want to be an emperor. It kind of reminds me of these TV preachers having private jets (The Prosperity Gospel).

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