8) We need an #ExtremeWealthLine if we are to lift more people above the #PovertyLine

If we believe #SocialMobility is good then a #WealthTax becomes a necessity

If we believe our #Politics is increasingly been bought by the #UltraWealthy then failure to address gross #inequality will lead to a decline in western #democracy

@ingridrobeyns
Lays it out clearly in this piece 👇

https://www.theguardian.com/commentisfree/2026/jun/17/is-it-bad-that-elon-musk-has-a-trillion-dollars-yes-and-heres-why

Is it bad that Elon Musk has a trillion dollars? Yes, and here’s why

Just as the ‘poverty line’ determines what’s required for basic living, we need a ‘wealth line’ to show when extreme wealth becomes harmful, says economist and philosopher Ingrid Robeyns

The Guardian

World Bank Miracle: How to Show Rising Poverty as Declining!

The real poverty line at which a bare minimum level of nutrition can be reached, is at least three times the official poverty line and at least 65% of India’s population falls below it.

by Utsa Patnaik
Newsclick
December 22, 2025

https://www.newsclick.in/world-bank-miracle-how-show-rising-poverty-declining


#poverty #PovertyLine #BelowPovertyLine #India #China #Asia #Africa #WorldBank #colonialism #imperialism #capitalism
World Bank Miracle: How to Show Rising Poverty as Declining! | NewsClick

The real poverty line at which a bare minimum level of nutrition can be reached, is at least three times the official poverty line and at least 65% of India’s population falls below it.

NewsClick
How many more Americans would live below the poverty line if the US government were to ban all imports of consumer goods?
#protectionism #importsubstitution #mercantilism #autarky #tradebarriers #tradewars #poverty #povertyline #americans #affordabilitycrisis #inflation #tradepolicy #usa #donaldtrump #tariffs #consumergoods #economics #imports

While even the author of the original article does not feel that $140k is literally the new poverty line, his piece has prompted important conversations about "benefit cliffs" and what level of income is actually required for a family to cover the basics *without outside assistance.*
What do you think??

#PovertyLine #MDPPC

Michael Green recalculates what the poverty line is in USA. I wonder what would be the equivalent in Australia https://www.yesigiveafig.com/p/part-1-my-life-is-a-lie #PovertyLine #poverty
Part 1: My Life Is a Lie

How a Broken Benchmark Quietly Broke America

Yes, I give a fig... thoughts on markets from Michael Green

RE: https://mastodon.social/@tess/115613452377202318

Fascinating article. Take 15 mins to read. Eye opening!

#wealth #poverty #povertyline

Soatok Dreamseeker (@[email protected])

Fuck. https://www.yesigiveafig.com/p/part-1-my-life-is-a-lie

Furry.Engineer - Duct tape, hotfixes, and poor soldering!

Wat is eigelijk de armoedegrens?

Hoeveel is hoog genoeg?Mensen met risico op armoede of sociale uitsluiting: de armoedegrens is 60% van het mediaan equivalent inkomen per land, zie onderstaande tabel en onderaan de pagina.

https://ec.europa.eu/eurostat/databrowser/view/ilc_li01/default/table

https://basisinkomen.net/wat-is-eigelijk-de-armoedegrens/

#Diversen #armoedegrens #basisinkomen #hoogte #koopkracht #MideaanInkomen #PovertyLine #pps #PurchasingPower #SocialeUitsluiting

The new wage lifts two-thirds of the workforce above Mexico’s family #povertyline, & above Mexico’s #minimumwage of about $1.71 per hour. A proposed nationwide shift to a 40-hour workweek without a reduction in pay (Mexico’s workweek is currently capped at 48 hours) would also mark a significant advance.

https://labornotes.org/2025/04/unmoved-tariff-threats-mexican-gm-workers-win-double-digit-wage-hike

#Mexico #GeneralMotors #LaborMovement #organize #autoworkers #Solidarity Silao #Guanajuato #unions SINTTIA

Unmoved by Tariff Threats, Mexican GM Workers Win a Double-Digit Wage Hike

Mexican General Motors workers in the Silao, Guanajuato, factory complex clinched record raises after staring down company scaremongering about tariff threats. “They said, well, we’re offering 6 percent,” said Norma Leticia Cabrera Vasquez about management’s offer at bargaining. “We knew they were going to show up with that, but we said, ‘We still have weeks to negotiate, so we won’t let that intimidate us,’” said Cabrera Vasquez, who worked at the plant for 15 years, and now serves as a leader of the union’s Women’s Department.

Labor Notes