I like Banksy

America’s current approach will never end real poverty.

The current approach is too flawed to completely eliminate poverty.  A failure to address educational issues, family concerns, disabilities, and racial disparities demonstrates that the absolute, pre-transfer, income approach is doomed.  The Council of Economic Advisers indicates that the income approach has not enabled these originally poor populations to escape poverty. “About half of the poorest individuals remain in the lowest fifth of the income distribution after 10 and 20 years, and no more than one-fourth make it to one of the top three income quintiles” *.  Those who are born poor die poor.  Alternatives must be investigated.

*Council of Economic Advisers. The War on Poverty 50 Year Later: A Progress Report. Washington, DC: United States Government, 2014. 33. Print.1

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