Everyone's carrying the story today of the latest US Census data release (from the 2010 Census), showing that nearly 1 in 2 Americans in 2010 were classified at or below low-income status. Low-income is defined up to 199% of the national poverty rate, set by the OMB, not the HHS (they're similar, except that the OMB's defined levels are a few hundred dollars higher than HHS). For a single person under 65, the poverty level is $11,344.
Scary thought.
But I don't think most people can comprehend why, or how this occurred, and why distribution of income is necessary. I realize Libertarian-stylized Conservatives will cite economic opportunity over economic equity, but that's fool's gold.
On a slightly different topic (but related to the previous paragraph), the Census data also shows that 28.2% of all Americans older than 25 have graduated from college. The standard statistical curve of intelligence places 2% of all people within genius levels of IQ.
My point being, that just because someone graduates from university, does not mean they're smart. And think tanks employ bunches of them.
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