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SideQuark
2y ago
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The poor in America are richer than the poor in just about any other country. The US poverty line is around the top 15% of world incomes, and that's pre tax transfers. Post tax transfers puts them much higher.
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PhilipRoman
2y ago
But is that before or after adjusting for cost of living?
SideQuark
OP
2y ago
After. It's PPP adjusted, as all good economists would do.
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