RE: The Official "Damned Trump" Thread
December 26, 2019 at 3:25 pm
(This post was last modified: December 26, 2019 at 3:26 pm by The Grand Nudger.)
Or, for that matter, when we shovel money into the very same problem without seeing returns that meet our expectations. There's no reason to set up any dichotomy between paying for one program, or paying for another. We can and do already pay for both programs.
In 1978 we payed approximately $700 per person in poverty, per year. As of 2018, it approached $20k per person in poverty, per year. That's almost $80k for a family of four - base replacement rate. These figures have already been adjusted for inflation and based on the value of 2018 dollars.
Meanwhile, as noted before or elsewhere (who knows, all of these scrooge threads bleed together), every dollar of this type of spending generates 70cents worth of economic value. This is an immense amount of money, and an immense amount of economic value - so where does it go, and why do families below the poverty line not enjoy the lifestyle of a family with $80k worth of spending behind them?
In 1978 we payed approximately $700 per person in poverty, per year. As of 2018, it approached $20k per person in poverty, per year. That's almost $80k for a family of four - base replacement rate. These figures have already been adjusted for inflation and based on the value of 2018 dollars.
Meanwhile, as noted before or elsewhere (who knows, all of these scrooge threads bleed together), every dollar of this type of spending generates 70cents worth of economic value. This is an immense amount of money, and an immense amount of economic value - so where does it go, and why do families below the poverty line not enjoy the lifestyle of a family with $80k worth of spending behind them?
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