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Legal Commentary

: Althouse

Is it easier for the poor to up and move to a new place to take advantage of better opportunities?

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Ilya Somin thinks that "contrary to conventional wisdom, 'voting with your feet' generally benefits the poor more than the relatively affluent."

It was easier for him when he was poor, anyway:

By contrast, my fiancee and I have recently moved into a new house a mere three miles away from my old condo. For me at least, this move has been more stressful than the previous five combined. Why? Because, due to my much higher pay since becoming a law professor, I now have many more possessions. The packing and unpacking have been a major pain, to put it mildly. Similarly, moving into a house required hiring contractors to do some work to get it ready, and dealing even with good contractors (like the ones recommended to us) is time-consuming and annoying, especially for people who are inexperienced with it. The process of selling the old home and purchasing a new one also requires an investment of time, effort, and money that people moving from one rental unit to another don't have to deal with.
Poverty has its privileges:

But you know, you can have money and not accumulate possessions. In fact, you'll have more money if you don't buy stuff. I'm sorry to point that out when I know we're in a recession in an economy that depends heavily on consumers enthusiastically purchasing things, but the truth is, you can live very simply, and it can be quite rewarding, emotionally and aesthetically. Keep it simple, and you will have more freedom: You can easily ? as Ilya says ? relocate; you have more of your money left to buy things if you ever do really want or need something; and you'll have less clutter to look at, worry about, maintain, and fuss over.

Full post as published by Althouse on August 31, 2009 (boomark / email).

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