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by 2devnull 1144 days ago
I’m saying it’s not useful in policy as measurement of poverty. Poverty is and forever will be defined by income. Wealth is used in policy like everything else, yes of course. Tax policy is a great example. Is there anything that tax policy doesn’t have loopholes and special provisions for? I’d argue that wealthy people benefit from all that. Poor people benefit from clear and effective policies that use simpler, less game-able constructs. Getting into the business of trying to define nebulous hard to define constructs like wealth will benefit those with greater resources, always.