Thats bs...it says right in the article that the payout for a trailer truck accident can be a million usd. Pretty sure that is a major attraction to the 25% of NO that lives in poverty.
So, how about the dozens of lawyers and doctors in the story? You know, the ones who made 90% of the money and never got charged? The ones who set the whole thing up because they knew they could convince desperate & uneducated people? The ones who orchestrated a murder (the thing that finally got two of them caught)?
What're their "traits?" Did you even read the article?
Ethics make people live in poverty? That would be news to a lot of people.
> the American shift from “a hard day’s work for fair pay” to what I’m calling the lottery economy
My point is that people with high time preference and low impulse control, who naturally will tend to be poorer than people without those traits, will also naturally be more drawn to the "lottery economy", whether or not bad actors exist who will take advantage of that. Just look at who buys literal lottery tickets!
- Terry Pratchett
The poor have ethics just like the rest of us. They just can’t afford to keep it.
You can see an example in the rural poor who refuse to take “government cheese”.