6 thoughts on “Poverty and inequality: Separating fact from fiction”

  1. Posted 23/08/2017 at 16:38 | Permalink

    Simple question, asked without agenda: How do you define wealth?

  2. Posted 24/08/2017 at 10:15 | Permalink

    Wealth is the guarantee of future income.

  3. Posted 24/08/2017 at 10:19 | Permalink

    a stock of assets basically – given that definition, i should have described “wealthy” countries as “high income” countries and my point about people with high levels of wealth applies also to people with high levels of income.

  4. Posted 24/08/2017 at 12:30 | Permalink

    @Jeff Tschida: The sum total of all assets minus all liabilities.

  5. Posted 24/08/2017 at 20:18 | Permalink

    Hi Philip
    Great article. I had a few favourite sections, including:
    ‘We should say things that will lead the world to become a better place, not things that lead us to be seen as better people. Bad economic policy leads to misery. If Christians encourage the development of bad economic policy out of virtue signaling, they bear culpability for people’s poverty. We have a responsibility to contribute to this debate with accurate analysis.’

    I am finding that many left wing commentators, lobby groups, politicians and so on, seem to do everything so that they appear ‘caring,’ even when they are being really destructive. As you know, in my case, as a landlord being slammed by the Government, everyone and their dog think that attacking us will help eg first time buyers and tenants, but it will have the opposite effect (notably because slamming us with punitive taxes means we have to raise our rents to survive). This is not ‘caring.’ This damages the very people they make out they are advocating for. With friends like that…

    Also, this bit was resonant with me:
    ‘Christians should focus public policy, not on reducing inequality, but on ensuring that the barriers to the advancement of the poor are removed. This might, or might not, reduce inequality as a side effect. If we are willing to make the rich much worse off simply to reduce inequality – without making anybody better off – then we are succumbing to the temptation of envy.’

    I think envy has reached epidemic proportions – except at the iea!

    All the best.
    Ros Beck

  6. Posted 25/08/2017 at 23:28 | Permalink

    thank you!

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