Poverty is a big deal – it affects about 41 million people in the United States every year – yet the federal government spends a huge amount of money to end poverty. How can this be? And how do we even measure poverty in the first place? This week on Words and Numbers, Antony Davies and James R. Harrigan answer these questions and delve into what can be done to help the poor.
For more on this, see:
- Measuring Poverty Using Both Income and Wealth: An Empirical Comparison of Multidimensional Approaches Using Data for the US and Spain
- The American Welfare State: How We Spend Nearly $1 Trillion a Year Fighting Poverty – and Fail
- No, We Don't Need to Spend $1 Trillion on Welfare Each Year
- The Right Amount of Government
- The Basic Income Guarantee: Simplicity, But at What Cost?
- The Dead Zone: The Implicit Marginal Tax Rate
- Milton Friedman on the Negative Income Tax
- Sorry CNN and David Wheeler, But a "Basic Income" Wouldn't End Poverty
And for research, see: