Great News! Poverty levels having been dropping for the past 100 years and the situation is continuing to improve around the world. This is a fact that most people either are unaware of or ignore. That does not mean we should announce that the mission has been accomplished but it does warrant acknowledging.
Another fact is that in the US, poverty has decreased until the mid 1960’s and has not changed much since that time even though we have gradually increased the amount of money that we have used to address the issue. Colin addresses the problem of means tested and we discuss the issue of government assistance when thresholds cause the assistance to suddenly disappear.
We consider how much money people need to pay average bills. How much does government complicit in the problem by restricting free markets such as minimizing housing density and rent control?
Link to the YouTube video.