Will the US economy ever eliminate poverty?
Personally, I do not think so in it's current configuration....perhaps a hybrid economy?
It's not supposed to. And no form of government can eliminate poverty. The socialists create all into poverty "equally". Some people just refuse to support themselves, knowing someone else will carry their water. Some can't support themselves, this is not a job for government. Before the FAILED "War on Poverty" the church and civic organizations aided these people. NAME one person to starve from that time period. WAITING.........................................
I'm afraid Gusser that you miss read my question: I asked about the US economy eliminating poverty.
No...In fact there is no system that could do such a thing. It is misguided musings to think it could be accomplished for many reasons. For instance, it would require all people viewing success to mean the same thing. It also demands that all people accept the definition of "poverty".
Poverty is a relative term. In fact, in the U.S. the "poor" are richer than some "rich" in other countries. So defining the term "poverty" requires a commonality of thought.
For instance, if a family of 5 has extremely bright children who have all received full scholarships to top universities could a rational claim the family is not in poverty if they are happy and rich in other things other than wealth?
In addition, we analyze poverty on a "static" versus "dynamic". If someone migrates to the US from some poor country like Vietnam then the individual is considered in "poverty" simply because they arrived poor. Dynamic scoring takes situtations such as this into account. Static analysis fails to account those that are poor, such as in the college example above, but are recieving a $100,000 education on scholarship.
And finally, static analysis doesn't account for individuals that were rich and then lose everything. People move in and out of these rigid class structures. And there is no government or economic system that can change any of these built in issues, some of which are based on "individual choice".
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What do you think would be one of the best steps we could take towards ending poverty?
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