I don't really see any evidence that the poor are smarter than the rich. You can say that a wealthy person is more insulated from their mistakes, but I think poor and rich react very similarly to major financial setbacks. Yeah, a wealthy person can do something dumb all the time and not feel it, but then a poor person may be doing as proportionately badly with things like credit card fees or sports gambling. If you think you are smarter because you are a "normal person" then I think you need to consider that everyone is dumber then they realize.
reply> I don't really see any evidence that the poor are smarter than the rich.
replyThis is attributable to survivorship bias. Poor people who make bad decisions either die in a gutter or die in a cell. Rich people who make bad decisions get golden parachutes and fail upward ad infinitum.
> If you think you are smarter because you are a "normal person" then I think you need to consider that everyone is dumber then they realize.
Firstly, to paraphrase Socrates, I fully own that I'm a dumbass, secondly the events of the past decade made it starkly clear that, yes, everyone is dumber than they realize, and now I'm forced to realize it, too.