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Jan 16, 2023
6:16:30pm
YSMACK All-American
The rich get richer & the poor ... do too. The true story of poverty in the USA.
Down below someone made the assertion that in America's capitalist free market economy the poor get poorer while the rich get richer. This is false (egregiously, ignorantly, ridiculously false). The rich definitely get richer in the USA's market, but so do the poor. Indeed, the situation for the poor in America is incredible both compared to elswhere and compared to the USA's past.

1. The poor in the USA are MUCH better off than their counterparts across the globe (indeed the poorest 10% and 20% in the USA are sometimes comparable to the richest 10% and 20% in other countries and the poorest 10% in America are better off than 70% of humanity!). https://www.forbes.com/sites/timworstall/2013/06/01/astonishing-numbers-americas-poor-still-live-better-than-most-of-the-rest-of-humanity/?sh=75b74b5854ef

2. The poor in the USA are MUCH better off than they were in the past (indeed they regularly have luxury items that only the richest had in the past, if they were available at all). https://www.heritage.org/poverty-and-inequality/report/air-conditioning-cable-tv-and-xbox-what-poverty-the-united-states

3. The poor in the USA usually do not stay poor. Most working Americans who were initially in the bottom 20% rise out of that quintile. Indeed more of them end up in the top 20% than remain in the bottom 20% — that is amazing!!! https://www.aei.org/carpe-diem/explaining-us-income-inequality-by-household-demographics-2020-update/

One of the articles above points out that the poor in America are so much better off than they used to be that at times they shouldn't even be defined as poor anymore because they lack for almost nothing in terms of standard of life quality (food, shelter, etc).

If you want to say that the gap gets larger between the rich and poor, that is possible, but ultimately a bad way of looking at the world if we are all better off. What you can't say is that in America the poor are getting poorer or that they are stuck in poverty. That is a lie.
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Originally posted on Jan 16, 2023 at 6:16:30pm
Message modified by YSMACK on Jan 16, 2023 at 6:17:43pm
Message modified by YSMACK on Jan 16, 2023 at 6:18:19pm
Message modified by YSMACK on Jan 16, 2023 at 6:18:52pm
Message modified by YSMACK on Jan 16, 2023 at 6:32:52pm
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Message modified by YSMACK on Jan 19, 2023 at 1:48:48pm
YSMACK
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YSMACK
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