Question

On poverty the United States is the richest country in the world in terms of economics, superior technology, excellent higher education, health care system, etc. However, between 11 percent and 15 percent of its population continues to endure the misfortune of absolute poverty.

What you need to do:
a. Using your knowledge of basic principles of the liberal perspective on the role of market and on the role of government, explain how to solve the problem of absolute poverty in the USA.

Answer 1

The liberal perspective on solving absolute poverty combines market efficiency with government intervention in the form of a safety net, social services, education, job opportunities, and progressive taxation.

Step-by-step explanation:

The liberal perspective on addressing absolute poverty in the United States involves the interplay between the market and government intervention. Liberals generally support a market economy because it promotes efficiency and innovation, but they also believe in the need for a safety net to protect those who are disadvantaged.

One solution from a liberal perspective would involve providing social services such as unemployment insurance, welfare, food assistance, and job training programs. These services would help prevent individuals from falling into absolute poverty by ensuring they have access to the basic necessities of life. Moreover, to break the cycle of poverty, investments in education and creating opportunities for well-paying jobs are crucial. Additionally, there could be policies to support higher minimum wages and greater access to healthcare which can help to lift people out of poverty.

To fund these programs, liberals might advocate for progressive taxation, where wealthier individuals and corporations pay a higher percentage of their income in taxes. This would help reduce income inequality and provide the necessary resources to fund anti-poverty programs.