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Unsurprisingly, money spent on poverty pays for itself many times over. A new study shows just how much - 7X.
While the U.S. spends far less than other industrialized countries on poverty reduction, it costs us just as much or more in the end, in terms of health outcomes, subpar productivity among the large numbers of poor, and criminal activity.
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Scott Baker is a Managing Editor & The Economics Editor at Opednews, and a blogger for Huffington Post, Daily Kos, and Global Economic Intersection.
His anthology of updated Opednews articles "America is Not Broke" was published by Tayen Lane Publishing (March, 2015) and may be found here:
Scott is a former President of Common Ground-NYC (http://commongroundnyc.org/), a Geoist/Georgist activist group. He has written dozens of articles for (more...)