Heterodox
First the US poverty gap is on the order of $180 billion per year. That is the sum over all households with income under the poverty line of the amount that household’s income is below the poverty line. That is a small amount of money compared to US GDP or even US Federal Government spending. This uses the official poverty line which is very low (and the official pretax cash income which leaves out the earned income tax credit and SNAP (the...
Read More »How much would it cost to eliminate US Poverty ? Why don’t we ?
