Ending “all poverty” is in the post title. This is not quite true.
Xi’s plan is to get people above $1.10/day. This is closer to crossing the threshold of "
extreme poverty" to just "
moderate poverty". Not crossing from "poverty" to "not in poverty". So the “all poverty” is a bit misleading.
https://en.wikipedia.org/wiki/Measuring_poverty
The
World Bank defines poverty in absolute terms. The bank defines
extreme poverty as living on less than
US$1.90 per day>
[9] (
PPP), and
moderate poverty as less than
$3.10 a day. It has been estimated that in 2008, 1.4 billion people had consumption levels below US$1.25 a day and 2.7 billion lived on less than $2 a day.
The West has poverty...but not much
extreme poverty. His goal at a minimum is to simply reach our level on that.
So instead of hundreds of millions in
extreme poverty he'll move them up to
moderate poverty.
Then the next step will be from moderate poverty to one based on the median income like some countries in the West. For instance "poverty" in the US is roughly if your household makes below half the median household income (< ~$25,000 as the median income is ~$50,000). That's roughly $25,000/365 = <
$68/day. A huge chunk of the planet falls into that definition off what we see as “poverty”.
So when you hear about 40’million in poverty in the US you have to understand our definition of it. It doesn’t mean they make less than $3.10/day...it means they make less than $68/day...and that includes retirees.
