General Discussion
In reply to the discussion: It's immoral no matter how you look at it. [View all]Life Long Dem
(8,582 posts)I understand that it would take your savings from going cheaper over a higher priced product. That's where the loss over years accumulate. But we are talking about the poorest elderly living below the poverty line and being "lifted above" the poverty line.
"So no, the poor will not be lifted above the poverty line - the line will be moved so that they no longer are "officially" poor. "
Move the line. But be fair ok. Because right now their are elderly living below today's poverty line eating cat food.
"Determining the poverty line is usually done by finding the total cost of all the essential resources that an average human adult consumes in one year.
The largest of these expenses is typically the rent required to live in an apartment, so historically, economists have paid particular attention to the real estate market and housing prices as a strong poverty line affector. Individual factors are often used to account for various circumstances, such as whether one is a parent, elderly, a child, married, etc. The poverty threshold may be adjusted annually."
http://en.wikipedia.org/wiki/The_poverty_line