Have we always had the means to alleviate poverty? If yes, why haven't we as a society been able to "fix" the problem? Or is poverty necessary and/or inevitable for the sustainability of our current economic systems in place?
I think alleviating poverty is a very tough task because 1. the poverty level is always increasing with inflation, 2. not everyone is willing to work and 3. Tim Worstall says that people that are the top 1% are ignorant when it comes to ending poverty (https://www.forbes.com/sites/timworstall/2012/07/29/why-we-cant-end-poverty-in-america-its-the-ignorance/#1e941122643e). With that being said, I think in order to reduce poverty, political figures need to work together and devise a strategy to help people that are in poverty.
I agree with Branden especially on the point that the top 1% are ignorant when it comes to ending poverty. Some of these quotes may have just been empty banter (not all) and it is ridiculous that this "First Time Ever" quote went all the way back to 1857 as we still see a poverty problem in the United States.
I don't even think it has to do with ignorance, necessarily. Remember the class exercise? I think that it has much less to do with the 1% not knowing than it has to do with them being unwilling to give up part of their wealth without there being a clear incentive for them.
I agree with Chido here. I think that people have an idea that poverty exists but more numbers and statistics need to be made public to evoke some response.
I feel like we've got a slight mix of what Branden said and what Chido said. Many of the top 1% may be ignorant to ending poverty but they many of the top 1% may also be just lacking that incentive they need.
I think that we can alleviate poverty, but that it can never truly be eradicated regardless of the economic systems we put in place. Every system has some kind of inequality in their wealth distribution. I think that poverty is inevitable, but I don't think that it's necessary to sustain current economic systems. Research has shown that when the rest of the population does well financially, firms and businesses are more successful as well.
I think alleviating poverty is a very tough task because 1. the poverty level is always increasing with inflation, 2. not everyone is willing to work and 3. Tim Worstall says that people that are the top 1% are ignorant when it comes to ending poverty (https://www.forbes.com/sites/timworstall/2012/07/29/why-we-cant-end-poverty-in-america-its-the-ignorance/#1e941122643e). With that being said, I think in order to reduce poverty, political figures need to work together and devise a strategy to help people that are in poverty.
ReplyDeleteI agree with Branden especially on the point that the top 1% are ignorant when it comes to ending poverty. Some of these quotes may have just been empty banter (not all) and it is ridiculous that this "First Time Ever" quote went all the way back to 1857 as we still see a poverty problem in the United States.
ReplyDeleteI don't even think it has to do with ignorance, necessarily. Remember the class exercise? I think that it has much less to do with the 1% not knowing than it has to do with them being unwilling to give up part of their wealth without there being a clear incentive for them.
ReplyDeleteI agree with Chido here. I think that people have an idea that poverty exists but more numbers and statistics need to be made public to evoke some response.
ReplyDeleteI agree with Chido as well. Nothing short of rebellion will solve the poverty crisis.
ReplyDeleteI feel like we've got a slight mix of what Branden said and what Chido said. Many of the top 1% may be ignorant to ending poverty but they many of the top 1% may also be just lacking that incentive they need.
ReplyDeleteI think that we can alleviate poverty, but that it can never truly be eradicated regardless of the economic systems we put in place. Every system has some kind of inequality in their wealth distribution. I think that poverty is inevitable, but I don't think that it's necessary to sustain current economic systems. Research has shown that when the rest of the population does well financially, firms and businesses are more successful as well.
ReplyDelete