First of all, I don't know why we're discussing the word "poverty". I talked about "30x the income", never mentioned "poverty".
But let's talk about the word.
By the UNICEF/UNDP/etc definition of "poverty", poverty can never be eradicated. There will always be people below average, as any math teacher can explain to you.
In a "Richistan" society comprised only of dollar millionaires and billionaires, the least wealthy millionaires will be living in "poverty".
> It isn’t status, when both of your parents work full time and you still don’t get to eat on the last days of the week. That is poverty.
...but now you've jumped to absolute poverty measures! Those "Richistan poor" could easily dine in fine restaurants every day.
But let's talk about the word.
By the UNICEF/UNDP/etc definition of "poverty", poverty can never be eradicated. There will always be people below average, as any math teacher can explain to you.
In a "Richistan" society comprised only of dollar millionaires and billionaires, the least wealthy millionaires will be living in "poverty".
> It isn’t status, when both of your parents work full time and you still don’t get to eat on the last days of the week. That is poverty.
...but now you've jumped to absolute poverty measures! Those "Richistan poor" could easily dine in fine restaurants every day.