<< Back to Off-topic Forum   Search

Posts 111 - 111 of 111   <<Prev   1  2  3  4  5  6  
Socialism Vs Capitalism?: 1/25/2016 23:29:00


[AOE] JaiBharat909
Level 56
Report
I'm sorry but your way of thinking shows your not poor. (In fact as you have a computer, you can't be poor.)

Common fallacy is that what we define as poor in the United States is many times richer than most nations in the world. Its relative and you have to look at wealth distribution and poverty on a relative scale otherwise its misleading.

Here are the percentages of households below the poverty level that the Census Bureau estimates had the following appliances:

Clothes washer: 68.7%

Clothes dryer: 65.3%

Dish washer: 44.9%

Refrigerator: 97.8%

Food freezer: 26.2%

Stove: 96.6%

Microwave: 93.2%

Air conditioner: 83.4%

Television: 96.1%

Video recorder/DVD: 83.2%

Computer: 58.2%

Telephone (landline): 54.9%

Cell phone: 80.9%

America's poor are not very materialistically poor as you can see. These people are not living on $2 a day, which is what 800 million Indians live on. India is a quasi-socialist country. Maybe if they had engaged in capitalism earlier on in their development, it wouldn't be so bad.

Link - http://www.cnsnews.com/news/article/terence-p-jeffrey/census-americans-poverty-typically-have-cell-phones-computers-tvs
Posts 111 - 111 of 111   <<Prev   1  2  3  4  5  6