Analysis: The War On Poverty

The War On Poverty Have you ever seen someone in the street asking for money? Poverty is a big issue and affects lots of people. There is an end to poverty that is actually within our financial reach. People should be aware of poverty and how it was established through tax cuts, thousands of people are affected, and it could be ended with millions of dollars. Things happen to people that are out of their control. For a lot of these people that in poverty that is what happened to them. The main reason people resulted in poverty is because of the new tax code that was introduced. One of the new tax codes was the payroll tax. Jason Furman tells us that “when the payroll tax was added in 1937, it started at a rate of only 2 percent. As the result, the tax system effectively ignored low income household.” in the document “Poverty and the Tax Code”. Meaning that people how did not have good income or any really would be taxed the same as people who have a high income. Which would force them into poverty. Potentially them ending up losing their house, cars, and jobs. Some people however were born into poverty and never had the same opportunities as kids who were not in poverty. Kids that are in poverty don't have all the resources that kids usually do. For example, some people don't have any electronics let alone any …show more content…
In the magazine article “Fewer, but Still with Us; The War on Poverty” it tells us that “ in 1981 42% of the world's population were extremely poor, according to the World Bank.” “By 2013 the most recent year for which reliable data exist, just 10.7% of the world’s population was poor” the article also tell us “the World Bank’s finger-in-the-wind estimate for 2016 is 9.1%.” the net effect of public policies directly cut the poverty rate by more than a third (Furman). All these facts prove that yes even though there are still thousands in poverty, the world’s population in poverty has gone down