Why Poverty Persists in America
nytimes.com
Why Poverty Persists in America
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Re: Why Poverty Persists in America
#2https://archive.is/m1iai
It seems to be the usual things, education, understanding and knowledge of opportunities, risky behavior, and blind trust in the system waiting for it to live a person up rather than them having to lift themselves up.
Re: Why Poverty Persists in America
#3> The deregulation of the banking system in the 1980s heightened competition among banks. Many responded by raising fees and requiring customers to carry minimum balances. In 1977, over a third of banks offered accounts with no service charge. By the early 1990s, only 5 percent did.
I would think that increased competition would improve conditions for customers?
Re: Why Poverty Persists in America
#4Our military budget is substantially larger today than it was when we were actively engaged in both Iraq and Afghanistan just a few short years ago
Our military budget will soon pass $1 trillion annually
Our elected representatives now routinely provide the Pentagon with more money than it even requests
Every NYTimes article on Ukraine is riddled with comments suggesting we provide a blank check for weaponry
The Washington Post likes to tell me every day why it is essential the US build more $15 billion aircraft carriers to provoke China
This is just one reason why we have poverty and always will
Re: Why Poverty Persists in America
#5> The deregulation of the banking system in the 1980s heightened competition among banks. Many responded by raising fees and requiring customers to carry minimum balances. In 1977, over a third of banks offered accounts with no service charge. By the early 1990s, only 5 percent did. I would think that increased competition would improve conditions for customers?
Aye, and the Postal Office can also be a solution here. Personnel distribution, processes, etc. would be fairly straightforward to re-implement.
https://www.aarp.org/money/investing/info-2022/restarting-po...
Re: Why Poverty Persists in America
#6> If enough workers in a specific economic sector — retail, hotel services, nursing — voted for the measure, the secretary of labor could establish a bargaining panel made up of representatives elected by the workers. The panel could negotiate with companies to secure the best terms for workers across the industry.
I'd be wary of these 'mega-unions' my SO has one here in Spain as she is a nurse and it hasn't been very good in practice.
They often side with the employer (in this case the Government) and then there is little recourse for the employees to find better conditions or pay as the agreements are for the whole sector.
That's not to say all unions are bad - it depends on the union, but having a few super unions seems to increase the probability you end up with bad ones.
Re: Why Poverty Persists in America
#7> The deregulation of the banking system in the 1980s heightened competition among banks. Many responded by raising fees and requiring customers to carry minimum balances. In 1977, over a third of banks offered accounts with no service charge. By the early 1990s, only 5 percent did. I would think that increased competition would improve conditions for customers?
Aye, and the Postal Office can also be a solution here. Personnel distribution, processes, etc. would be fairly straightforward to re-implement. https://www.aarp.org/money/investing/info-2022/restarting-po...
The usps is the only well functioning government organization left and Republicans are set on kneecapping it so they can privatize it
Re: Why Poverty Persists in America
#8https://archive.is/m1iai It seems to be the usual things, education, understanding and knowledge of opportunities, risky behavior, and blind trust in the system waiting for it to live a person up rather than them having to lift themselves up.
This thinking is a major cause. By blaming the impoverished one can justify doing nothing.
Re: Why Poverty Persists in America
#9Earlier quoted context omitted.
Aye, and the Postal Office can also be a solution here. Personnel distribution, processes, etc. would be fairly straightforward to re-implement. https://www.aarp.org/money/investing/info-2022/restarting-po...
The usps is the only well functioning government organization left and Republicans are set on kneecapping it so they can privatize it
well-functioning? 95% of the mail in my box goes directly to my recycling bin
literally a no-op...junk mail is printed, USPS delivers it against my will, I put it in my recycle bin...another truck comes and empties that bin
this is well-functioning?
Re: Why Poverty Persists in America
#10> The deregulation of the banking system in the 1980s heightened competition among banks. Many responded by raising fees and requiring customers to carry minimum balances. In 1977, over a third of banks offered accounts with no service charge. By the early 1990s, only 5 percent did. I would think that increased competition would improve conditions for customers?
I'm not in finance, but I think the 'deregulation' in question is actually this law: https://en.wikipedia.org/wiki/Depository_Institutions_Deregu... . It 'deregulates' in the sense of making some mergers easier from a regulatory point of view, especially across state lines.