World Bank: end of boom doesn’t have to mean a bust for the poor in Latin America

Wednesday, October 8th 2014 - 04:05 UTC

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During the recent commodity boom, Latin America and the Caribbean proved that growth could be pro-poor and help fuel tremendous social progress. Now as growth slows regionally and beyond, it is critical to consider what will shore up economic activity while ensuring the poor won't stay behind. Read full article

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ChrisR
Whoever wrote this article doesn't get the definition of 'poor' insofar as Uruguay in particular is concerned.

If, by being given state money (which in reality is the taxes of working people), the poor became more self-sufficient and encouraged to find employment that would be a win.

But, like in the UK, that doesn't happen. The smoking, beer guzzling 'poor' of both countries spend their newly found wealth on LED TV's and such. They do not work.

As the reduction in wealth starts to bite the FIRST thing to go should be 'free' handouts as the poor see them, not as the result of taxing the workers who DO work for a living and due to the increased taxes to pay for this scum, barely have more money than the so called poor.

It doesn't really matter to me, I am wealthy and couldn't give a shit about this scum who never worked at school and hve never worked all their life, BUT I am concerned for my friends who work for a living and had their net wealth REDUCED when this “brilliant” scheme of the cretin 'No Money Pepe', soon to be the gone No Money Pepe, came in.
Oct 08th, 2014 - 12:08 pm - Link - Report abuse 0
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yankeeboy
Yeah the definition of poor has been altered so lo and behold the % of poor decreased.
LIke in China/Brazil etc being Poor was under U$1/day but wait middle class is u$4/day? So if you give someone $90/mo extra they're now middle class. Makes sense right?
Idiots, when will they ever learn?
No work no food.
Very simple
Work or Starve
You can't just give people money and declare them middle class.
Oct 08th, 2014 - 01:58 pm - Link - Report abuse 0
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