While poverty is a subjective term, it is a fact that, right now, not the marketplace, public policy, nor charitable giving consistently covers the necessities that so many people in this country desperately need. Millions must choose between healthy food, adequate housing, reliable health insurance, quality childcare, and many other essentials because their job doesn’t pay a living wage, or they cannot work for various justifiable reasons.
Meanwhile, many of the wealthiest Americans pay no income tax and do an outstanding job of converting taxable income into protected wealth, playing a massive role in keeping America’s public coffers without the resources to address this situation, along with other needs. Similarly, tax loopholes allow U. S. companies to create “headquarters” in other (low-tax) counties to escape paying their fair share in this country.
Related: Listen to an episode of the Intellectual Roundtable Podcast, where Lee and Michael discuss this question: ‘What are our responsibilities to others?’ We discuss another question as well, ‘Are we too busy?’
From a different perspective, many well-intentioned people point to various religious texts that say, in effect, the poor will always be with us. But there is theological debate over whether this means there will always be poor people or, coming at it from a completely different angle, advising those with means to have an affinity or allegiance with those of extremely limited resources over the “needs” of those who either do all right or, more to the point, have considerable resources that could help meet more needs in this country.
On the political front, many wonder if anybody is worth enough to be a billionaire. Did you know that there are 614 billionaires? The wealthiest 400, in fact, hold $3.2 trillion in assets. A slice of those resources could go a long way toward meeting the needs of our poorest neighbors.
If the pandemic has taught us anything, when those in government decide to help the poor, our existing programs do a pretty good job at alleviating their immediate needs?
Can we end poverty? Should we at least give it a try?
Related questions: What is the greatest problem facing humanity? How will the economy be impacted by COVID-19? What is the purpose of money? How do we turn ideas into actions?