Stating that the paragraph exists doesn't really convince me... are there any specific sentences you can point at, and explain why they imply that rich = stupid and poor = smart? Seems to me they're just saying that they have the privilege to choose to be stupid, not that being rich means they are stupid.
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It doesn't say being poor makes you smarter, just that it strongly incentivises you to smarten up, or else your life will be much harder