tag:blogger.com,1999:blog-3452558.post1358037794558320126..comments2024-03-28T18:09:31.814-07:00Comments on Singular Values: Defining the left-right dichotomyRogerhttp://www.blogger.com/profile/03474078324293158376noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-3452558.post-86718535625478485162018-02-28T21:57:17.323-08:002018-02-28T21:57:17.323-08:00The US govt defines the poverty level to be roughl...The US govt defines the poverty level to be roughly the 15th percentile in income. So yes, of course, about 15% of the population will always be in poverty under that definition.<br /><br />Even if you gave lots of money to everyone, many ppl will spend it all, and then borrow to the maximum. So there will always be poor ppl in an absolute sense also.Rogerhttps://www.blogger.com/profile/03474078324293158376noreply@blogger.comtag:blogger.com,1999:blog-3452558.post-61222765662729629202018-02-28T17:12:23.772-08:002018-02-28T17:12:23.772-08:00When you say there will always be poverty, do you ...When you say there will always be poverty, do you mean in a relative or absolute sense? There are many people today who are considered to be in poverty but who are materially better off than many upper class people in the past were. Anonymousnoreply@blogger.com