Finance & Fury Podcast

Welcome to Finance and Fury, the Furious Friday edition. This week is a flow on from last week’s episode talking about the basics of supply-side economics. But, it’s going to be applied to a question we got from Nick. What is a solution for society that would eliminate all the poverty that exists? This will be broken up into 2 episodes in total. The second part being which political party that seems to be on the right track to achieving this. Poverty: It’s an extremely deep topic to discuss We must look at the statistics and the root causes Humanity was born into poverty, so how did humanity get out of it? How long ago was everyone in extreme poverty? What is the quality of life? What are the standards of living? How is extreme poverty defined? What does history tell us about how many people in extreme poverty changes over time?   The poverty line: We don’t really have extreme poverty in Australia What about people who receive a pension or government assistance? What is the Australian relative poverty rate