World GDP per capita is about $7,000 per year. But in the U.S. it is about $43,000 per year. A single person household in the U.S. is considered poverty if their income is $9,000 or less.
Now, the excellent Steve Conover shows how the lowest household income quintile actually receives over $20,000 in government services (there are 3 people in an average household). So if you are in the lowest quintile in household income, you receive average of world GDP.
Why would a politician want to change this arrangement? Like Conover says, if it ain't broke, don't fix it!
Hear that, John Edwards?
No comments:
Post a Comment