Redefining Poverty Down

Austerity for the poor, trickle up for the rich

You'd think that in a booming economy growing at an impressive 3.2 percent clip and hailed as the greatest economy ever by the President, poverty should be redefined higher. After all, when things are going so well, you want everyone to do better. And to that extent, reassess what is not so well up.

Redefining the metric at which the poor is counted is probably one way to reduce "poverty" except nothing really changed besides statistics and numbers. President Trump is all about headline numbers ─ like the price of the Dow and record unemployment at 3.6 percent ─ though candidate Trump routinely ridiculed these same measures as phony and a giant bubble. [READ MORE]
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Published on May 07, 2019 01:13 Tags: andrew-yang, bernie-sanders, inflation, poverty, socialism, stock-market, ubi, unemployment-rate
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