Extreme poverty is defined as: "a condition characterized by severe deprivation of basic human needs, including food, safe drinking water, sanitation facilities, health, shelter, education and information. It depends not only on income but also on access to services."
Generally, I'm skeptical of adjusting for cost of living when you have housing prices as you do in the bay area. You still have options to move away.
True, but that is not a costless option.
Everybody knows that the dice are loaded
Everybody rolls with their fingers crossed
Everybody knows the war is over
Everybody knows the good guys lost
Everybody knows the fight was fixed
The poor stay poor, the rich get rich
That's how it goes
Everybody knows
- Leonard CohenEasy.
Great! I also support economic competition as well as leveling the playing field by limiting the unfair advantages of being born in a good position.
Of course, as you probably know, social mobility is at historic lows in the US. This means people born into wealthy families are most likely to remain wealthy, and people born into poor families are most likely to remain poor. By your own argument, that is a problem because it shifts competition to “ability to be born in a good position”.
Therefore it seems that we agree after all!
Unless of course you’re not being intellectually honest and are using big words like “economic competition” only when it supports your pre-existing ideology.
Weird accusations of intellectual dishonesty aside, we do agree on economic mobility but that wasn't the topic at hand. Economic mobility doesn't mean "give the most valuable apartments in the United States to the lower class so they can live there because they don't want their lives to change."
Fortunately, third world poverty is rapidly decreasing by whatever measure you choose to look at!