There are no American Poor

When you compare the U.S.'s poor to the rest of the world, they're middle class or rich. When you compare the U.S.'s poor to the rest of the world, they're middle class or rich. That's not to say they don't have it worse than other Americans, or that we shouldn't help. But the global median income is $2,920. A full-time minimum wage worker would be ≈5 times that amount, not counting all the subsidies and social safety nets value. ℹ️ Info           ~ Aristotle Sabouni Created: 2022-09-27

When you compare the U.S.'s poor to the rest of the world, they're middle class or rich:

• The global median per person income is $2,920 (or $9K/household). A full time minimum wage worker would be nearly 5 times that amount ($14,500) and less than 2% of American workers are full time minimum wage, assuming you only have one worker per family. Now throw in benefits and subsidies (≈$30K in benefits per family we spend on "the poor" that jumps to $44,500 or 15x what the global average is). 4/5ths of the world doesn't make $20K/year.
• Our poor eat more meat (and calories), larger living spaces (sq ft per person), higher car and TV ownership, and so on.
• Our poor don't look as rich, because we give them most of their "compensation" in non-cash, or cash equivalents (handouts that aren't cash). But when you adjust for cost of living, and purchasing power, they are better off than the middle class in most of the rest of the world. (Seriously).
• Our poor and middle americans ARE the top 2%'ers, a fact that escapes most of them. Mostly because they're programmed with polarizing dogma so they can be used as pawns in political game. But imagine if they recognized how much opportunity they had, and how many more would climb harder?

There's more details on these in:

Income inequality, vanishing middle class, and other scams

           Main article: Income inequality, vanishing middle class, and other scams

The left pretends that we're getting poorer by ignoring that our Real GDP has doubled. Our grandparents didn't have cellphones, gene-therapy for cancer, had one car, 3 generations lived in 900 sq. ft. homes, they didn't take as many vacations, the rest of the war wrecked globe wasn't competing with us (yet), and social programs and taxes/regulations hadn't driven up the costs of everything.

Poor

           Main article: Poor

We have the richest poor in the world. Having done a fair amount of social work (and being in many "poor people's" homes on cases). Many of our poor struggle over issues like whether they should drop their cable TV or go out a few times a week less. While much of the rest of the world's poor is struggling with buying shoes or getting up to 2 meals a day.

Welfare

           Main article: Welfare

Johnson's "War on Poverty" added welfare: paying people to not work or get married, and have/keep kids out of wedlock. Oh and it punished people that tried to get off of the dole. Shocker of shockers, you get what you incentivize, and welfare got more people to not work, have kids out of wedlock, and it hurt the kids, families, and society at large.

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🔗 More

Welfare Johnson's "War on Poverty" added welfare: paying people to not work or get married, and have/keep kids out of wedlock.

Poverty We have the richest poor in the world. And that's a good thing.

🔗 Links

• http://www.forbes.com/sites/timworstall/2014/08/27/by-global-standards-there-are-no-american-poor-all-in-the-us-are-middle-class-or-better/
• http://www.forbes.com/sites/timworstall/2013/09/21/the-correct-us-poverty-rate-is-around-and-about-zero/
• http://conversableeconomist.blogspot.pt/2013/09/the-poverty-rate-income-and-consumption.html
• http://super-economy.blogspot.com/2011/04/rich-in-europe-are-poor.html
• http://www.gallup.com/poll/166211/worldwide-median-household-income-000.aspx

Tags: Welfare  Poor