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originally posted by: MystikMushroom
a reply to: Edumakated
Just because someone "has" something doesn't make it equal, not by any long stretch.
That 20 year old Saturn may be on its last legs. What happens when it breaks down and they can't drive it to work? What about that window AC unit that's on the fritz? It's also not very efficient and costs them more in electricity than the fancy central air system the rich folks have.
Just having a cheap, out dated, worn out copy of something isn't the same as having the quality "real deal". Having to deal with old, worn out, broken down, substandard items causes immense amounts of stress.
Those of us with nice things can tell ourselves "well, so what if he's poor -- he's got a cell phone. Sure it's old and the battery always dies, but at least he HAS one!"
It's not the same, it simply isn't.
"The poor pay more for a gallon of milk; they pay more on a capital basis for inferior housing," says Rep. Earl Blumenauer (D-Ore.). "The poor and 100 million who are struggling for the middle class actually end up paying more for transportation, for housing, for health care, for mortgages. They get steered to subprime lending. . . . The poor pay more for things middle-class America takes for granted."
Like food: You don't have a car to get to a supermarket, much less to Costco or Trader Joe's, where the middle class goes to save money. You don't have three hours to take the bus. So you buy groceries at the corner store, where a gallon of milk costs an extra dollar.
A loaf of bread there costs you $2.99 for white. For wheat, it's $3.79. The clerk behind the counter tells you the gallon of leaking milk in the bottom of the back cooler is $4.99. She holds up four fingers to clarify. The milk is beneath the shelf that holds beef bologna for $3.79. A pound of butter sells for $4.49. In the back of the store are fruits and vegetables. The green peppers are shriveled, the bananas are more brown than yellow, the oranges are picked over.
"When you are poor, you substitute time for money," says Randy Albelda, an economics professor at the University of Massachusetts at Boston. "You have to work a lot of hours and still not make a lot of money. You get squeezed, and your money is squeezed."
The rich have direct deposit for their paychecks. The poor have check-cashing and payday loan joints, which cost time and money. Payday advance companies say they are providing an essential service to people who most need them. Their critics say they are preying on people who are the most "economically vulnerable."
"As you've seen with the financial services industry, if people can cut a profit, they do it," Blumenauer says. "The poor pay more for financial services. A lot of people who are 'unbanked' pay $3 for a money order to pay their electric bill. They pay a 2 percent check-cashing fee because they don't have bank services. The reasons? Part of it is lack of education. But part of it is because people target them. There is evidence that credit-card mills have recently started trolling for the poor. They are targeting the recently bankrupt."
The poor know the special economics of their housing, too.
"You pay rent that might be more than a mortgage," Reed says. "But you don't have the credit or the down payment to buy a house. Apartments are not going down. They are going up. They say houses are better, cheaper. But how are you going to get in a house if you don't have any money for a down payment?"
One way to move up the ladder and out of poverty is through higher education, but even that is not without disproportionate costs. As the Institute for College Access and Success noted in March:
“Graduates who received Pell Grants, most of whom had family incomes under $40,000, were much more likely to borrow and to borrow more. Among graduating seniors who ever received a Pell Grant, 88 percent had student loans in 2012, with an average of $31,200 per borrower. In contrast, 53 percent of those who never received a Pell Grant had debt, with an average of $26,450 per borrower.”
And often, work or school requires transportation, which can be another outrageous expense. According to the Leadership Conference on Civil and Human Rights:
“Low- and moderate-income households spend 42 percent of their total annual income on transportation, including those who live in rural areas, as compared to middle-income households, who spend less than 22 percent of their annual income on transportation.”
And besides, having a car can make prime targets of the poor. One pernicious practice that the killing of Michael Brown in Ferguson, Mo. — and the protests that followed — resurfaced was the degree to which some local municipalities profit from police departments targeting poor communities, with a raft of stops, fines, summonses and arrests supported by police actions and complicit courts.
Jerry Seinfeld earned $400 million last year thanks to syndication deals for the sitcom “Seinfeld,” according to a recent survey done by Wealth-X, a Singapore-based company that researches the ultra wealthy, making him the richest actor in the world.
Read more at www.inquisitr.com...
Life is not perfect. Someone will always have it easier at some point. All you can do is work on your own situation and through hard work and a little bit of luck, hopefully make things better.
originally posted by: purplemer
a reply to: Edumakated
Life is not perfect. Someone will always have it easier at some point. All you can do is work on your own situation and through hard work and a little bit of luck, hopefully make things better.
Both economy and poverty are human inventions do you not think we could invent something different.
originally posted by: Edumakated
Just as a follow up to my above post. I have been to other countries and seen real poverty. I'll never forget visiting a sugar cane field in the Dominican Republic and seeing buck naked and barefoot kids running after our tour bus trying to get candy. Their parents worked in the fields. You could see the tin huts they lived in. I've seen nicer dog houses in American ghettos.
This is not to say that our poor don't have it bad, but a lot of it is mental. It certainly isn't material poverty. Throwing more money at it won't fix the problem. This is why you have new immigrants who come to America whose families go from janitors to brain surgeons within two or three generations. They know the opportunity exists and they don't let their immediate circumstances stop them.
We now have generational poverty where people are given handouts and aren't taught how to care for themselves anymore. We subsidize poor decision making.
originally posted by: Edumakated
I have a 1% HH income. There is very little in my house that someone who lives in the worst ghetto in Chicago doesn't have materially. I take the subway, the poor kid takes the subway. I have a flat screen TV, the poor kid has a flat screen TV. I have a cell phone, the poor kid has a cellphone. I have air conditioning, the poor kid has air conditioning. I have a car, the poor kid's parents have a car. In fact, my house is not even materially larger than the houses in the closet poor area to me which is one of the worst in America.
originally posted by: Puppylove
a reply to: TrueBrit
I think they're saying that without the social programs we'd already be at that poverty level, not to ditch them.