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Thread: Census shows 1 in 2 people are poor or low-income

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    Re: Census shows 1 in 2 people are poor or low-income

    It's the definition of "poor or near poor" that's the problem. To me "poor" means no home, dilapidated home, no phone, shabby or inadequate to protect from the weather clothing, no food, no heat, and such.

    If a person/family has (community acceptable) decent housing, clothing, food, and can get *transportation to necessary places they are not "poor".

    *I live in a small town and you can call the publically funded bus service and get picked up (and returned) and brought to stores (they'll carry your bags in for you), medical appointments (Medicaid or County Clinics - we have three), etc.

    BTW: In my small town we have Senior Citzens Center (60 and over) that will pick you up every morning, give you a morning afternoon snack, a good hot lunch (you can take one home for supper), entertain you (or leave you alone to visit, play games, do ceramics etc, watch TV, take a nap), and bring you home in the late afternoon. They have an indoor swimming pool too.
    Last edited by 4776; 12-24-11 at 04:40 PM.
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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by EarlzP View Post
    Money does not just disappear does it, so some body gets rich while others lose thier retirement accounts, homes and a portion of every thing they worked for
    I know this is wrong.

    When it comes to illiquid assets, value can adjust where no one benefits from the reduction.
    So yes money can "disappear" and it's usually called price deflation.

    That's why when the stock market dumped out early in the recession, even the wealthy lost lots of money.
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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by Harry Guerrilla View Post
    I know this is wrong.
    It is. The article linked to support this was dated in '08. A student of the market would have realized that the market was around $7500 on that date. It went down to the low 6500's within the next few months however it is trading in the $12,000's recently. This 'disappearing' money has somehow reappeared. Further the article states 'The upheaval...sent the stock market plummeting is devastating workers' savings...said Peter Orszag, the head of the Congressional Budget Office.' This seems a little misleading as I know of no one who 'saves' in the stock market, they invest and I assume they understand the investment is at risk...don't they?

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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by Dickieboy View Post
    It is. The article linked to support this was dated in '08. A student of the market would have realized that the market was around $7500 on that date. It went down to the low 6500's within the next few months however it is trading in the $12,000's recently. This 'disappearing' money has somehow reappeared. Further the article states 'The upheaval...sent the stock market plummeting is devastating workers' savings...said Peter Orszag, the head of the Congressional Budget Office.' This seems a little misleading as I know of no one who 'saves' in the stock market, they invest and I assume they understand the investment is at risk...don't they?
    Honestly, most people don't understand the fundamental basics of investing, that they don't realize that there is an assumption of the risk of loss.
    Even though there is a warning on nearly everything involving investment accounts.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
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    Re: Census shows 1 in 2 people are poor or low-income

    Once again for the reading impaired:

    "Compare that to the vast majority of Americans, whose share of their income going to federal taxes increased from 13.1 percent in 1961 to 22.5 percent in 2007."
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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by TurtleDude View Post
    Yeah those "Republican" congresses were responsible for those FDR era confiscatory rates
    Pop us a link that proves Eisenhower, Nixon, Ford, and Reagan pushed for lowering the capital gains tax rate?
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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by cpwill View Post
    no. for example, it does not solve our entitlement crisis. but the reconstitution of the American family is the single item that would have the largest impact on reducing poverty in our country, as well as the crime and excess government expenditure that go with it.
    I'm not convinced. I think it is merely one of those easy answers some like to throw out because it hits a soft spot. But the fact is, that ship has mostly sailed, and asking people to be married for the sake of being married isn't too smart. It may be that we need two incomes, because if one could do it, you'd ahve noa rgument at all. So, perhaps it is not marriage, but combined incomes you are really promoting.

    You should dig deep on the entitlement meme. Too many use that as an easy answer as well. Working together, even through government, is not really entitlement. Those who most entitled, all too often actually have wealth. But, I suggest we see beyond that rethoric on both sides and think more about actually solving problems.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by Boo Radley View Post
    I'm not convinced. I think it is merely one of those easy answers some like to throw out because it hits a soft spot. But the fact is, that ship has mostly sailed, and asking people to be married for the sake of being married isn't too smart. It may be that we need two incomes, because if one could do it, you'd ahve noa rgument at all. So, perhaps it is not marriage, but combined incomes you are really promoting.

    You should dig deep on the entitlement meme. Too many use that as an easy answer as well. Working together, even through government, is not really entitlement. Those who most entitled, all too often actually have wealth. But, I suggest we see beyond that rethoric on both sides and think more about actually solving problems.

    Class warfare is solving problems?

    j-mac
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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by j-mac View Post
    Class warfare is solving problems?

    j-mac
    Really, you guys should quit promoting class warfare if you think it is a problem. Quit favoring the wealthy so much and demonizing working people. I can't do much about so many of you drinking the koolaid, but the problem in this regard is really on your side, the Fox network political entertainers republican talking point side.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by Boo Radley View Post
    Really, you guys should quit promoting class warfare if you think it is a problem. Quit favoring the wealthy so much and demonizing working people. I can't do much about so many of you drinking the koolaid, but the problem in this regard is really on your side, the Fox network political entertainers republican talking point side.
    Funny how when taxes were raised on the working class over the last 30 years, it was fiscal discipline, but when taxes were proposed to be raised on the rich it is class warfare, eh?
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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