Saturday, October 17, 2015

Tax and Spend

Leftists like Bernie Sanders use bogus poverty comparisons to push for more welfare.
"We get much more insight, though, once we have a look at what UNICEF means by "poverty rate." In this case, UNICEF (and many other organizations) measure the poverty rate as a percentage of the national median household income. UNICEF Uses 60%. So, if you're in Portugal, and your household earns under 60% of the median household income, you are poor. If you are in the US and you earn under 60% of the US median household income, then you are also poor.

The problem here, of course, is that median household incomes — and what they can buy — differs greatly between the US and Portugal. In relation to the cost of living, the median income in the US is much higher than the median income in much of Europe. So, even someone who earns under 60% of the median income in the US will, in many cases, have higher real income than someone who earns the median income in, say, Portugal."
Don't mess up their arguments with facts.

States stealing people's unclaimed property, and the state defines unclaimed.

No comments:

Post a Comment