Just to be clear, the notion that the consumption-based poverty rate nearly reached zero percent does not mean that the war on poverty is won.
“Would you like a bot that answers emails for you?”
No. I agonize over emails. Having a bot do it would worry me.
I’m the same way. I have to know that its correct before I send it. It reflects badly otherwise.
It’s always a struggle to maintain basic social manners. I’m not turning that over to a machine.
As a group, the bottom 60 percent of American families receive more back in total government spending than they pay in total taxes.
Because of dead weight losses and other inefficiencies I am sure that the people from say 30% to 60% do not benefit from the transfer even though it is in there favor dollar wise.
“Fruit flies with better sex lives live longer.”
Brace yourselves. People who don’t realize the difference between humans and fruit-flies are coming.
Next thing you know we’ll have shmucks telling us to balance our pheromones correctly.
“Can ObamaCare be sold at the mall?”
It can’t even be sold online, I doubt it can be sold at the mall.
You mean I can’t get a new suit and some health insurance all in one go?
“The next big thing: Personalized heart care.”
Personalized healthcare in general is the next big thing.
People are sick of cookie-cutter and flowchart medicine. They want someone who understands them as unique.
Unfortunately, a lot of patients these days are a bit too unique.
“Tyler Cowen explains why he didn’t do 23andMe.”
He had some good reasons.
Exactly. He made me re-think it.
“Government tax and spending policies combine to redistribute more than $2 trillion from the top 40 percent of families to the bottom 60 percent.”
And yet no-one seems to have been lifted out of poverty by it.
In fact, poverty seems to be growing.
Many US citizens still earn at poverty levels but no almost no USA citizens consume at poverty levels.
Thus, they write: “The results in this paper contradict the claim that poverty has shown little improvement over time and that antipoverty efforts have been ineffective. We show that moving from traditional income-based measures of poverty to a consumption-based measure, which is arguably superior on both theoretical and practical grounds—and, crucially, accounting for bias in the cost-of-living adjustment—leads to the conclusion that the poverty rate declined by 26.4 percentage points between 1960 and 2010, with 8.5 percentage points of that decline occurring since 1980.”
Just to be clear, the notion that the consumption-based poverty rate nearly reached zero percent does not mean that the war on poverty is won.
“Would you like a bot that answers emails for you?”
No. I agonize over emails. Having a bot do it would worry me.
I’m the same way. I have to know that its correct before I send it. It reflects badly otherwise.
It’s always a struggle to maintain basic social manners. I’m not turning that over to a machine.
As a group, the bottom 60 percent of American families receive more back in total government spending than they pay in total taxes.
Because of dead weight losses and other inefficiencies I am sure that the people from say 30% to 60% do not benefit from the transfer even though it is in there favor dollar wise.