Astonishing Numbers: America's Poor Still Live Better Than Most Of The Rest Of Humanity - Forbes
http://www.youtube.com/watch?v=vDhcqua3_W8
As Americans, we should thank God everyday for our high standard of living compared to the rest of the world.Even if you’re stuck in the bottom 5% of the US income distribution your standard of living is about equal to that of the top 5% of Indians. Even if you’re in the bottom 10% your standard of living is about the same as that of the bottom 10% in other rich countries (which, so we are told, care so much more and do so much more) like Sweden and Finland. And when we sweep everything together into some sort of quality of life measure the American poor are better off than the French or German poor.
Maybe it’s true that the US doesn’t do enough for the poor in the US. That’s rather a judgement call based upon your own morals. But it’s very difficult to see in the actual figures that the US doesn’t do enough. The poor in the US are richer than around 70% of all the people extant. The poor in the US are about as poor, perhaps a bit richer, than the poor in other rich countries. It is true that there is more inequality in the US: but this isn’t because the poor are poorer. It’s because the rich are richer.
Astonishing Numbers: America's Poor Still Live Better Than Most Of The Rest Of Humanity - Forbes
http://www.youtube.com/watch?v=vDhcqua3_W8
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