I think it does but WBU
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Yes, I'm a Buddhist and a spiritual person.
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The wheel of life part? Not really. The "people get what's coming to them" part? Yep.
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To an extent yes.
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No, but man, I WISH it were a thing.
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Yes and no. Do I think that if you surround yourself with good people and do good things, you're statistically more likely to have good things happen to you? Yes. Do I believe there is a person in charge of karma or some system that rewards good behavior and punishes bad? No.