Poverty Calculator....

5fish

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actually the uk is no longer a member of the eu - neither are switzerland, canada and australia (especially the latter would be a bit of a problem)
I did want to write out the word European country... So I pick up EU...
 

rittmeister

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I did want to write out the word European country... So I pick up EU...
canada? australia? i hope your job in the navy was not in the navigation department
 

5fish

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A quote:

Herman Melville
“Of all the preposterous assumptions of humanity over humanity, nothing exceeds most of the criticisms made on the habits of the poor by the well-housed, well- warmed, and well-fed.”

― Herman Melville
 

5fish

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Here is a motion...

George Mason University economist Tyler Cowen explains in a Foreign Affairs article that, “In the medium to long term, even small changes in growth rates have significant consequences for living standards. An economy that grows at one percent doubles its average income approximately every 70 years, whereas an economy that grows at three percent doubles its average income about every 23 years—which, over time, makes a big difference in people’s lives.”
 

5fish

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Here a site average GDP since 2000 to 2020... You have to do the math and the average GPD has been 1.5965 %. Based on post #27 our economy will double in 46 years which means people will barely see their standard of living improve in their lifetime... the chart allows you to adjust the year and get a historical view of US GDP growth rates...

 
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5fish

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IT states our GDP has average 3.14 but that is all from the 20th century not the 21th century our kids and grandkids are doomed... the link will allow you to adjust the years and see all out growth was in the 20th century... In the 20th century most Americans saw their wealth double in their lifetimes...

GDP Annual Growth Rate in the United States averaged 3.14 percent from 1948 until 2022, reaching an all time high of 13.40 percent in the fourth quarter of 1950 and a record low of -9.10 percent in the second quarter of 2020.

 
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