To be clear: this isn’t the “we stopped paying promised grant money” but is literally the federal government yanking money out of an NYC bank account.
To be clear: this isn’t the “we stopped paying promised grant money” but is literally the federal government yanking money out of an NYC bank account.
Trickle down working to you means the poorest Americans have not increased in net worth and the wealthiest Americans are getting richer? How is that wealth, which is being funneled to to top, “trickling down”. Maybe turn your phone right side up so you can see how the graphs are supposed to look.
GDP grow faster helps everyone.
Can you actually explain why you think that?
How does a faster growing GDP help someone in poverty?
We are talking about relative poverty. A person in poverty in the US is much better than a person in poverty in North Korea.
No one is talking about North Korea. We are talking about poverty in America then vs now. Trying to move the goalpost to include a completely unrelated datapoint is pointless.
You also completely ignored my rather direct question.
I didn’t move the goalposts. I mean to show you why economic growth can help the poor. US has much higher economic growth than other developed countries in the last four decades.
That doesn’t help people in poverty.
You’re not explaining how a faster growing GDP helps someone in poverty. Do you not understand what the word poverty means?
Poverty rate
Relative poverty rate didn’t go up from 1980. The key is word is “relative”. With faster economic growth, the people in poverty are much better off now compared to 1980.
No, they aren’t. Poverty is poverty. You don’t get better off because your neighbor has more money. That’s just not how poverty works.