Monday, September 10, 2012

the simplest way to end poverty

"How much would it take to bring all the officially poor up to the poverty line? Surprisingly little: about 1% of GDP, or not quite 10% of the Census Bureau's estimate of the income of the richest 5%. It's about half the increase in the military budget since 2000. . . . the solution to ending poverty is pretty simple: you give poor people money, preferably taken from rich people."
—Doug Henwood, Left Business Observer #134, 2/17/12

Anyone who inherited anything has no right to complain about giving money to people.