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Economists Theorize That Once You Get So Poor, You Just Stop Caring

Date: Monday, August 25, 2008 - 7:28pm
Keywords: class warfare, economics

In Sunday's Boston Globe Drake Bennett describes new thinking from George Washington University professor Charles Karelis, who suggests that there is an inflection point in the income spectrum, below which normal economic rules do not apply. Once an individual has crossed that threshold, the burden of accumulated problems is such that it is no longer rational to address any of them.

Yeah, it's called hopeless.

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