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Is poverty increasing, or are we getting wealthier? : Comments
By Don Aitkin, published 13/11/2014I wouldn't be at all surprised if those without smart phones aren't considered 'poor', and indeed handicapped in all sorts of ways.
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Not too many of us now live in tin shanties, with dirt floors, trying to survive on just one meal a day, if we're lucky!
What I consider poor is an income that simply doesn't cover real needs or the essential repairs/maintenance or rent! i.e., a Sydney bedsit costing more than a single pension.
And widowed mums who sacrificed their income earning years, to the task of raising a family, are just not your (ivory tower dweller) put down (can't afford a mobile phone) absolutely ludicrous idea of a "victim"!
In a global context, the top 10% own at least 50% of all the available wealth!
Whereas in the USA. the top 1% own more than 30% of it?
And for 30 odd years the minimum wage just never moved up off the $5.00 an hour floor!
Strangely conservatives always seem to equate increased indebtedness to increased wealth!
And billionaire Buffet was surprised he claimed, when he discovered his secretary paid twice as much tax, relative to her income, as he did!
What what was missing both there and I'm all right jack, articles like this, is any real idea of inherent fairness!?
Perhaps that's why for every dollar of debt the US now creates just 0.03 dollars worth of economic growth!
Contrast that with the Keynesian approach, which created 2.4 dollars worth or economic growth for every dollar of debt, and in the process created an unprecedented period of UNIVERSAL prosperity.
We in this so called rich county, have over 100,000 homeless!
Now I don't why that's so, but I'll warrant people able to obfuscate around the problem with do nothing essays, are a very big part of, I'm all right jack; ignore it and maybe it'll go away, problem?
Rhrosty