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To: econjack

I don’t understand how your example ends poverty. I see it as raising the poverty line by one dollar. Then again, I’m stupid.


27 posted on 09/16/2014 7:43:54 AM PDT by VerySadAmerican (Liberals were raised by women or wimps. And they're all stupid.)
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To: VerySadAmerican

I think you missed the point. I was trying to show my students that poverty is a relative concept and that, unless you can enforce a perfectly-even distribution of income, eliminating poverty is impossible. All attempts at a perfect distribution of income have failed throughout history, and the War on Poverty was doomed from the day Johnson announced it. It was, and sitll is, purely a political ploy to win votes. In that sense, it was a success. In all other respects, an abject failure.


31 posted on 09/16/2014 8:32:34 AM PDT by econjack (I'm not bossy...I just know what you should be doing.)
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