"Over the past 50 years, televisions have [become] a lot cheaper and college . . . a lot more expensive. Consequently, even a low income person can reliably obtain a level of television-based entertainment that would blow the mind of a millionaire from 1961. At the same time, if you’re looking to live in a safe [American] neighborhood with good public schools in a metropolitan area with decent job opportunities you’re going to find that this is quite expensive. Health care has become incredibly expensive. The federal poverty line for a family of three is $18,530 a year." -- James Kwak
Thursday, July 21, 2011
Quote of the day
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