Robert Hunziker - Third World Capitalism
February 8, 2012 How did this happen? America, the czar of capitalism, is becoming a third world country!
According to the most recent U.S. Census Bureau report 46.2 million Americans are poor. Of course, the naysaying dissenters claim poor families, as defined in the U.S., include households with adequate food most of the time, a home, a TV, a telephone, and likely a DVD and/or a PC, and a car. Not so bad after all! This is likely very true; however, consider the poverty threshold, as defined by the Census Bureau, for a family with two children in 2010 at $22,113; dissenting naysayers say: So what, over three billion people live on less than $2.50 per day. So, what’s up with this claim that 46.2 million people in America are poor? Are they really poor?
A typical family of four in America spends $664.20 per month on food, assuming they eat on a low-cost plan, according to the USDA statistics; a liberal plan is $1013.80/mo. This means the family has $1,178.55/mo. remaining for everything else like health insurance of $414/mo., which is the nationwide average monthly premium. Thus, the family of four has 764.55 remaining for items like car payments, and the average car payment in America is $475, but since these are the poor, let’s assume it is half this amount for an inferior car or $237.50/mo., and average car insurance according to a national index is $137.91/mo. and median monthly housing costs run about $700 for renters. Adding and subtracting all above= a negative $310.86 per month. Thus, the average family of four has to cut out $310.86/mo. from food, health insurance, transportation, or housing costs in order to break even. No wonder so many Americans do not have health insurance because if they eliminate health insurance, they have $103.14, or $3.44 per day, left over for washing clothes, dental, movies, shopping for clothing or shoes, books, magazines, gasoline, car repairs, emergency expenses and whatever else one desires. They really are poor!
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