GDP: True Indicator of Wealth?

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Comments

  • CaterinaA
    CaterinaA Posts: 572
    polaris wrote:
    ha! ... it means that you are exactly correct ... not sure where it is originally derived from but if u can imagine trying to hit a nail with a hammer ... u want to be "bang on" as in making contact at the correct place ...

    Thank you very much :)!!! We have that same expression in spanish
  • surferdude
    surferdude Posts: 2,057
    polaris wrote:
    thanks ... that is an interesting measure ... i think that coefficient is growing here ...
    I think I'd have to agree with you. Now there is a debate to be had if this is a bad thing necessairly in a country that does a pretty good job providing a social safety net.

    I'm not sure if this is a universal problem but Canada doesn't calculate a poverty line or even have an official definition of poverty. It's pretty hard to tackle a problem when you can't even quantify the problem. Many Canadian institutions cretae their own poverty statistics based on income distribution. But, is this realistic in a well off country? Are you really living in poverty if the poverty definition includes having a computer, internet access, cable tv, color tv and vacations?
    “One good thing about music,
    when it hits you, you feel to pain.
    So brutalize me with music.”
    ~ Bob Marley
  • polaris
    polaris Posts: 3,527
    surferdude wrote:
    I think I'd have to agree with you. Now there is a debate to be had if this is a bad thing necessairly in a country that does a pretty good job providing a social safety net.

    I'm not sure if this is a universal problem but Canada doesn't calculate a poverty line or even have an official definition of poverty. It's pretty hard to tackle a problem when you can't even quantify the problem. Many Canadian institutions cretae their own poverty statistics based on income distribution. But, is this realistic in a well off country? Are you really living in poverty if the poverty definition includes having a computer, internet access, cable tv, color tv and vacations?

    those are good points ... no clear cut definition of poverty does not serve advocates well at all ...

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