Dad2three
Gold Member
A libertarian 'think tank' says so? It MUST be true right? After all we can point to MANY successful libertarian economic models such as??????
The Great Society At 50; Yes, It Has Abolished Poverty
Nicholas Eberstadt has an excellent essay about the effects of the Great Society and the War on Poverty and its success over the past 50 years. Entirely contrary to what we’re usually told about it it has indeed succeeded, it has got as close as government work ever will to abolishing poverty. The problem is that we’re still using the wrong methods to measure that success. We are measuring the incomes of the poor, not their consumption possibilities, and we are also measuring those incomes without taking into account the things we do to raise those incomes. When we correct for those two failings we find that there really isn’t any poverty to speak of in the US. We should therefore conclude that the war has been won.
The Great Society At 50 Yes It Has Abolished Poverty - Forbes
Really? After 50 years and TRILLIONS of dollars a poverty rate of 15% or so is considered "abolished"? What the hell are you idiots smoking?
ANOTHER conservative who HATES to read and think. Shocking
We might think that 4% actually living in poverty is too much but it’s pretty good for government work. And it’s also markedly different from the usual poverty numbers that get bandied about of 15% or so
...For we do not count the giving of all of those goods and services, “in kind benefits” as reducing poverty at all.
That’s how come we spend one trillion a year or so on reducing poverty and we seem to have just as much of it as we always did. Simply because we’re not counting the poverty reduction we’re buying with our trillion.
It’s entirely possible that poverty could have been beaten another way, or that it could have been done better or worse. But the truth is that the Great Society did actually abolish poverty, to the extent that we’re probably not going to reach the last few percent under any system at all. Our problem is that we just don’t seem to realise it.
The Great Society At 50 Yes It Has Abolished Poverty - Forbes
"Our problem is that we just don’t seem to realise it."
Meaning that we need to just accept "the new normal".
You aren't real bright pops.
So not only do you not like reading stories linked, you have problems with comprehension of them. Got it
That is a direct quote from your source Dad, and he said it right at the end of the Article......
Yes, AND context BEFORE the quote doesn't matter right *shaking head*