They spend it on drugs which don't contribute anything to the economy.
They spend it on drugs which don't contribute anything to the economy.
They spend it on drugs which don't contribute anything to the economy.
I'm not sure about that. It's generally poor people who revolt against those they hold responsible for their poverty. Revolutions like ours, started by prosperous merchants and mini-despots who ran plantations with enslaved workers, are pretty rare.But perhaps those governments are dictatorial because people are too busy starving to care about something as abstract as "freedom."
Faulty analysis. Poor people spend a larger portion of their income on consumption than rich people, but the marginal consumption rate is positive all the way up to the highest levels. Compare any two people and the one with the greater income spends more money on both investment and consumption. A nation of three hundred million people with incomes at the poverty level ($17K per family) will not support as large an economy as the one we have, where those people only make up 20% of the population. There is no income level above which people spend less money than the people below them. It's a smaller percentage of their larger income, but it's still a bigger number of dollars.Depending on the good, poor people make better consumers than rich people because they don't save money.
That's only because the drugs you refer to are illegal. Caffeine, tobacco and alcohol are huge economic sectors. Of the popular illegal recreational drugs, only marijuana and methamphetamine support sizeable U.S. domestic industries because despite the persecution, they can be easily grown or synthesized here, respectively. The majority of the profits from cocaine and heroin flow offshore to the countries where the crops they are derived from can be grown in fields.They spend it on drugs which don't contribute anything to the economy.
Yes, but unfortunately that is only a tiny fraction of the total drug economy. The world opium trade alone is an eighteen billion dollar business. We all know where the world's opium poppies are grown, and the majority of that money goes into the coffers of Al Qaeda, which functions as a de facto government in the rural areas of Afghanistan. If opiates were legal, a big chunk of that money would be going to American distributors and enriching the domestic economy. Instead, thanks to a government that claims to have launched a "War on Terrorism," the "War on Drugs" that it is fighting at the same time finances terrorism.Drug money contributes hundreds of millions of dollars to the American economy.
And that is a bit of a problem, precisely because drug dealers do indeed dissipate almost all of their surplus wealth instead of investing it and turning it into capital. A healthy economy depends on the people in the higher income brackets being enthusiastic capitalists, not dissolute consumers. During America's previous failed experiment with drug prohibition, the Mafia dons invested their booze money in legitimate enterprises like any other successful businessmen. The despotic regulation of today's financial institutions makes that difficult, so most of the profits either flow offshore to foreign investors who boost their own economies, or are simply dissipated into the most ephemeral consumer goods and services.Drug dealers are also great consumers, as they also aren't prone to traditional investments.
Faulty analysis. Poor people spend a larger portion of their income on consumption than rich people, but the marginal consumption rate is positive all the way up to the highest levels. Compare any two people and the one with the greater income spends more money on both investment and consumption.
That's only because the drugs you refer to are illegal. Caffeine, tobacco and alcohol are huge economic sectors. Of the popular illegal recreational drugs, only marijuana and methamphetamine support sizeable U.S. domestic industries because despite the persecution, they can be easily grown or synthesized here, respectively.
And that is a bit of a problem, precisely because drug dealers do indeed dissipate almost all of their surplus wealth instead of investing it and turning it into capital.
Vicious and unthinking generalisation.
I've been homeless: I've never done drugs.
Xev.....I was only making a point that homeless people really don't contribute that much to the economics of America as who they are, NOT THE DRUG DEALERS. Why Xev brought them up I'll never understand, but hey that's your way of trying to show that you seem more in the know. Xev you really enjoy turning things around sdon't you, is that your way of always looking right?
You said that drugs contribute nothing to the economy and that poor people don't have money. I can directly quote you if you like.
This is why I pointed out that drug dealers are probably very good consumers - it's directly related to the former.
I think their motivation was expressed well in a song by the Rainmakers:What an odd philosophy, eh? Wouldn't people be more likely to keep leaders in power if those leaders were leading them to prosperity instead? Kleptocrats are like all other criminals: Just not very bright.
Fraggle answered you pretty well. To put it simply, with the exception of the insane, we do not have any poor. Not by any reasonable standard.The US has no poor?![]()
Fraggle answered you pretty well. To put it simply, with the exception of the insane, we do not have any poor. Not by any reasonable standard.
Dude, you need a refresher course in Econ 101. Capitalism requires consumers. Poor people are not very good consumers. Rich people don't get rich and stay rich by buying and selling caviar and Lamborghinis to each other. Somebody out there has to be buying bread and Chevrolets.
Do you ever see those ads with the starving kids with the giant bellies? That's poor. As Fraggle noted, the main problem the poor have related to food in the US is obesity!First, you can't simply take a number like $17,000 and suggest that these people are so much better off than people in other countries because they have so much less.
You must take into account the cost of food, shelter, transportation and many other things that make life in this unique culture possible.
Second, there are MANY people who make WELL below the poverty wage. Do you think there are not homeless people (who are not mentally ill)? Do you think children in this country don't go hungry on a daily basis? Do you think people don't de due to lack of medical care? Do you think there aren't people living in shacks and shanties? Do you think that there aren't people who simply can't afford to eat?
We do not have any poor? You need to get out of your houses more and open your eyes to the reality that some people face every day.
Hunger in American households has risen by 43 percent over the last five years, according to an analysis of US Department of Agriculture (USDA) data released today. The analysis, completed by the Center on Hunger and Poverty at Brandeis University, shows that more than 7 million people have joined the ranks of the hungry since 1999.
In respect to hunger & poverty in America, the U.S. people believe in a myth. The real myth is NOT that hunger and poverty don't exist within America. Albeit, the prevalence of poverty hunger in America is largely downplayed and ignored by the collective American opinion. Regardless, no one can deny the staggering statistics. In the United States, 38.2 million people - including 14 million children - live in households that experience hunger or the risk of hunger. 3.9 percent of U.S. households experience hunger. 8.0 percent of U.S. households are at risk of hunger. Though often ignored, the facts are blatant.
The real myth in America is the myth of meritocracy - the myth that the poor are just lazy and stupid. Most Americans seem to believe that the poor in America deserve poverty. These people believe the United States is a meritocracy, in which wealth and status is determined by merit. These people believe that the wealthy in the United States have earned their wealth through intelligence and hard work. And accordingly, these people believe that laziness and stupidity cause poverty.
The prevalence of this myth shocks some people, who wonder how over 14 million U.S. children could deserve poverty. Children. The non-meritocratic reality is obvious to most anyone who has worked or knows someone who has worked two or even three jobs and barely earns enough to survive. Indeed, many intelligent hard-working American families struggle to feed, house, and clothe themselves.
It seems that the belief in the myth of meritocracy isn't based on logic or empirical evidence. Rather, it seems the belief in meritocracy is based on desire and cognitive dissonance. Not to say that the majority of non-poor Americans directly want to believe that 38.2 million American people are lazy and stupid. Rather, the majority of non-poor Americans want to believe that they, the non-poor, have earned their wealth and status. The majority of non-poor Americans choose to reject the notion that poverty is unfairly determined by non-meritocratic forces, because they don't want to accept that their own wealth is equally unfair. The majority of non-poor Americans don't want to admit that the majority of the poor Americans are unlucky, because that would entail that the majority of non-poor Americans are just lucky. Understandably, Americans want to feel like they are deserving, decent citizens living in a fair meritocracy. They don't want to feel guilty, lucky or responsible to the poor.
No he's not. We have welfare, food stamps, not to mention all the various agencies you cited in your post. Most "poor" people are overweight!one_raven is right.