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all complete hogwash, with nary a fact involved. I won't get much into countering what others said...
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Originally Posted by SunGrins
That $1.00 provides $0.80 of needed benefits (infrastructure, healthcare, etc.). The $0.20 does not evaporate. It goes into the pockets of the workers or those providing the benefits. We get little benefit from the $1.08 sitting in an index fund. The $0.80 makes it possible for the economy to work better or to provide essential services. We always hear how small businesses represent the engine driving the economy but that $0.80 provided the wheels.
The 20 cents is consumed by the government - on a good day. Oftentimes, it's much more than that. Since I have it from another topic - look at the Dept of Education. $180B budget which would translate to more than $10,000 per student in poverty.
"Federal, state, and local governments provide $764.7 billion or $15,120 per pupil to fund K-12 public education. The difference between spending and funding is $97.85 billion or $1,935 per pupil. The federal government provides 7.9% of funding for public K-12 education."
7.9% is $61B. Of $188B.
Quote:
... Part of that manipulation is related to long-term crippling college loans -- a monkey on the backs of millions of Americans. There are other options and solutions, perhaps not as shiny and alluring.
The student loans issue is 97% hot air and 3% real - that is, the portion that are Federal loans.
When the average student graduates with < $50K in debt, but earns $55K a year and is expected to repay that debt in 10 years, that is NOT crippling debt.
The "crippling" part is the private liberal arts college kids that borrowed it all, promised by people like you that ANY college degree was needed to have "value" in society, that college grads are better than "those people", and worst of all - that there was any VALUE in a political degree thinly-veiled as some "fill in the blank" identity politics major.
If that number is "millions", then that's on your ilk, not on ours.
A lot of people have moved up exactly because trickle down works. The 50% increase in the percentage of US adults who are in the upper class proves it.
Yes those who were already near the top or the top of the middle benefitted. But those at the bottom are still at the bottom with little hope of doing better. Somehow the bounty at the upper levels never trickles all the way down to the bottom.
of course there are. What % of adults fit into this scenario and why? What % are truly stuck in this position - that is, they are mentally or physically incapable of labor?
I think a lot of people ARE mentally or physically incapable. But the one thing that can help someone in poverty to climb out is education. Unfortunately they don't have the role models or encouragement from parents to get that education... either college or vocational training of some kind.
Yes those who were already near the top or the top of the middle benefitted. But those at the bottom are still at the bottom with little hope of doing better. Somehow the bounty at the upper levels never trickles all the way down to the bottom.
How so? The poorest Americans are at least middle class in the world.
Last edited by lifeexplorer; 08-15-2022 at 08:26 PM..
Comparing Americans to the poor in the rest of the world is a whole other topic. I am very grateful that my grandparents picked America when they fled from those other parts of the world.
The point is that the so called poor Americans aren’t really poor. They don’t even know what poverty is.
Compare American poor to those in W Europe, Canada, or Australia.
ok
France poverty rate 14.8%..... France's poverty threshold €900/monthly....That means that anyone with a monthly income averaging less than €900 after taxes is regarded as poor. (family size does not matter) and that number is just under 10 million "poor"
USA poverty rate 11.4%..... USA's poverty threshold 1,132.5‬/monthly) .That means that anyone with a monthly income averaging less than 1,132.5‬ after taxes is regarded as poor. and that number is just under 37.6 million "poor"
so France who is considered to be a good country in taking care of its poor...has a higher poverty rate than the USA, and a slightly lower threshold
France poverty rate 14.8%..... France's poverty threshold €900/monthly....That means that anyone with a monthly income averaging less than €900 after taxes is regarded as poor. (family size does not matter) and that number is just under 10 million "poor"
USA poverty rate 11.4%..... USA's poverty threshold 1,132.5‬/monthly) .That means that anyone with a monthly income averaging less than 1,132.5‬ after taxes is regarded as poor. and that number is just under 37.6 million "poor"
so France who is considered to be a good country in taking care of its poor...has a higher poverty rate than the USA, and a slightly lower threshold
900 euros a month, until recently was around 1,000-1100 USD a month.
In France, these poor people will have access to health care, a free apartment, etc. And the results are in: they live longer and are healthier.
Compare American poor to those in W Europe, Canada, or Australia.
Quote:
Originally Posted by workingclasshero
ok
France poverty rate 14.8%..... France's poverty threshold €900/monthly....That means that anyone with a monthly income averaging less than €900 after taxes is regarded as poor. (family size does not matter) and that number is just under 10 million "poor"
USA poverty rate 11.4%..... USA's poverty threshold 1,132.5‬/monthly) .That means that anyone with a monthly income averaging less than 1,132.5‬ after taxes is regarded as poor. and that number is just under 37.6 million "poor"
so France who is considered to be a good country in taking care of its poor...has a higher poverty rate than the USA, and a slightly lower threshold
The UK poverty rate is even higher. Somewhere between 22% and 25%. One of the reasons I laugh at those who want us to emulate Britain.
The UK poverty rate is even higher. Somewhere between 22% and 25%. One of the reasons I laugh at those who want us to emulate Britain.
You cannot compare $/month as this distorts the fact they have a much higher quality of life. Compare their life expectancy which is much higher.
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