Re:We Need a Basic Income Guarantee
by sliverstorm on Monday September 02, 2013 @12:59AM
(#6313520)
But if you define poverty as "the bottom decile of the population", how exactly will you get rid of it?
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Your question is like saying "if you define green as the colour of grass, how can you make grass yellow?"
If you take a sensible real-world definition of the poverty threshold, such as "earning less than 60% of the median full-time wage", then you can do so by pegging the BIG to 60% of the median full-time wage.
Re:We Need a Basic Income Guarantee
by moocowduckquack on Monday September 02, 2013 @02:50AM
(#6313772)
There are many definitions of poverty.
The use of a quick percentage is used for policy as it is easy to put figures to, however it is being used as a measurable indicator for a deeper definition.
If you do not have people living hand to mouth in your society, then you have got rid of poverty, until then it helps to have some quick and dirty economics to work out where to direct your efforts.