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  1. #61
    Join Date
    Sep 2014
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    Quote Originally Posted by jimO View Post
    some weeks i hardly have enough money left to put gas in my boat
    Definitely a case of first world problems Jim0

    Craig

  2. #62
    Join Date
    Sep 2004
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    Hastings
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    12,995

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    Quote Originally Posted by Anthonyacat View Post
    In practicality the formula forces there to always be "poverty" regardless of the overall wealth of society.
    Is that not part of the problem? I.e. How poverty is measured.

    If everyone in NZ was suddenly given one million dollars, with the median measurement method, we would still have lots of poverty-stricken people, would we not.
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  3. #63
    Join Date
    Jun 2004
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    9,592

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    Quote Originally Posted by Perry View Post
    Is that not part of the problem? I.e. How poverty is measured.

    If everyone in NZ was suddenly given one million dollars, with the median measurement method, we would still have lots of poverty-stricken people, would we not.
    If poverty is defined as earning less than 60% of the median income we will always have poverty - no matter how many millions each may earn.
    A silly definition.

  4. #64

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    Quote Originally Posted by Wayne View Post
    If poverty is defined as earning less than 60% of the median income we will always have poverty - no matter how many millions each may earn.
    A silly definition.
    Median is the middle number so to get within 60% of the median we just need to redistribute the wealth of the rich. Taking a few million of the wealthiest and giving it to the poorest will help balance the median.

    So come on all those multimillionaires, give up some of your hard earned and inherited cash for the unfortunate and the lazy. With your help and generosity we can abolish poverty in NZ. Slip the next homeless drunk or druggie a cool mill. I'm sure they'll spend it wisely and won't be back on the street in another couple years.

  5. #65
    Join Date
    Jun 2004
    Posts
    9,592

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    Quote Originally Posted by Learning View Post
    Median is the middle number so to get within 60% of the median we just need to redistribute the wealth of the rich. Taking a few million of the wealthiest and giving it to the poorest will help balance the median.

    So come on all those multimillionaires, give up some of your hard earned and inherited cash for the unfortunate and the lazy. With your help and generosity we can abolish poverty in NZ. Slip the next homeless drunk or druggie a cool mill. I'm sure they'll spend it wisely and won't be back on the street in another couple years.
    Certainly the gap between the rich and the poor needs to narrow.
    Tax (which is what you allude to) is mearly one way to do that.

    But, by definition, you will still have poverty until everyone earns within a very narrow band.

  6. #66

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    Yeah it's not a good stat but since the number has been increasing it is still meaningful. I don't care about gaps and (on the wealthy side) outliers. Standard of living is more meaningful.


 

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