Uncomfortable moments for men, or how I learned to trigger snowflakes with statistics. Article among articles from Wintery Knight.
Walter Wiliams is one of my two favorite economists, the other being Thomas Sowell.
Here is his article on wealth and poverty on Creators written by Dr. Williams.
First, real poverty is not common in America:
There is no material poverty in the U.S. Here are a few facts about people whom the Census Bureau labels as poor. Dr. Robert Rector and Rachel Sheffield, in their study “Understanding Poverty in the United States: Surprising Facts About America’s Poor”, report that 80 percent of poor households have air conditioning; nearly three-quarters have a car or truck, and 31 percent have two or more. Two-thirds have cable or satellite TV. Half have one or more computers. Forty-two percent own their homes. Poor Americans have more living space than the typical non-poor person in Sweden, France or the U.K. What we have in our nation are dependency and poverty of…
View original post 971 more words