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Re:The Future of Not Working by chrispeel on Saturday February 25, 2017 @05:45PM (#13734323)
The doc [1] below agrees that there are about 700m in extreme poverty now, which it defines as living below $2/day. If we gave each of those people $2/day, we'd need $550billion/year. So yes, $66b seems low for the $2/day threshold.

I wonder if this $66b is for those who are below $1/day. Looking at the plot in [1], we can guess that the number at $1/day is much lower; $66b would give 181 million people a dollar a day.

[1] https://ourworldindata.org/extreme-poverty/

Re:The Future of Not Working by jakewins on Saturday February 25, 2017 @05:57PM (#13734383)
You need to take into account that these people are not living on absolute nil - they have some level of income, be it $1 or $.50 - so you don't need to give each of them $2/day.

The OP article noted the amount needed in the village in the beginning was $22/month, so $.75 a day, give or take 10c.

Re:The Future of Not Working by ci5er on Sunday February 26, 2017 @10:40AM (#13737696)
And the system for means-testing at that level would be expensive enough to run, with opportunities for graft, false-positives, and false-natives, that means-testing would be a losing proposition. Just pick a level and make sure no one is double-dipping.

You still have the problem of regional thugs that will come round every "pay day" for their taste. Or beat you up. A pretty simple variation a protection racket, but I'm not sure how to protect against it.

Re:The Future of Not Working by taway_1212 on Sunday February 26, 2017 @04:04AM (#13736362)
I think that $2 is purchasing-power-parity adjusted (they talk about "international-$"), which is even less in real dollars.

For an anecote on PPP vs real dollars, I remember that in the eighties in soviet-ruled Poland, an average monthly salary amounted to about $20. At the same time, the average standard of living was not that bad: most families had flats with central heating (no air-con though), education up to university level and healthcare were free, most families didn't have cars but public transport was cheap.

Re:The Future of Not Working by kaybe on Sunday February 26, 2017 @06:51PM (#13740762)
You don't really need aircon in Europe. It's still extremely uncommon to have in private quarters.
Re:The Future of Not Working by loteck on Saturday February 25, 2017 @07:42PM (#13734885)
there are about 700m in extreme poverty now, which it defines as living below $2/day. If we gave each of those people $2/day, we'd need $550billion/year

700m × $2 = $1.4b. What am I missing?

Re:The Future of Not Working by jackcarter on Saturday February 25, 2017 @07:51PM (#13734937)
The multiplication by 365 to get the annual number.