Thomas Sowell on Poverty

http://www.futureofcapitalism.com/2011/08/thomas-sowell-on-poverty

Thomas Sowell writes, citing Robert Rector of the Heritage Foundation:

80 percent of "poor" households have air-conditioning today, which less than half the population of America had in 1970. Nearly three-quarters of households in poverty own a motor vehicle, and nearly one-third own more than one motor vehicle.

Virtually everyone living in "poverty," as defined by the government, has color television, and most have cable TV or satellite TV. More than three-quarters have either a VCR or a DVD player, and nearly nine-tenths have a microwave oven.

by Editor  |  Aug 3, 2011 at 6:56 am Related Topics:  Income Inequality receive the latest by email: subscribe to the free futureofcapitalism.com mailing list