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I agree that financial education is nonexistent in america and that this is perhaps one very large reason why there are so many people who make so many horrible financial decisions.
I disagree that the rich are somehow necessarily more understanding of the economy. Certainly some of them are, but: A lot of wealthy people hire accountants to help them exploit loopholes in tax code. A lot of rich people hire experts to invest their money for them. A lot of rich people, like our president(in a matter of fact nonpartisan jab of a reference) never had to work a day in their life to achieve material wealth. For every warren buffet there is a george bush or a paris hilton. There are a lot of wealthy people who use their money to buy the expertise of people who can help them keep and/or make money. The poor don't often have the same access to these same experts.
I don't trust the rich any more than i trust the poor. Someone with money is just as apt to fuck you over as someone without money. The rich person often has access to more effective means of doing so.
The people i don't trust as a rule are the greedy. The ken lays, the latrell sprewels, the people who prefer the accumulation of wealth to integrity or ethical behavior. I don't trust people who think that the economy's sole purpose is facilitate the accumulation of wealth.
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