An article in Foreign Affairs suggests that the cost of ending ‘absolute poverty’– defined as an income of less than $1.25 a day– is dropping, and it’s a bargain.  Six years ago it would have cost about $96 billion; today it’d be just $40 billion.  That’s the amount Paul Ryan shaves off millionaires’ taxes before breakfast.

There are a few caveats, such as the hassle of actually identifying the abysmally poor, but it’s doable.  Double the price if you like, it’s still a bargain.

Also see the amazing chart here.  In the last few years, thanks to the increasing prosperity of India and China, as well as successful anti-poverty programs in Brazil, global poverty is now mainly concentrated in Africa.

Now we’re talking here about poverty by global standards, not by US standards.  Still, it’s a remarkable thing, and we should go for it.

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