Problem
Watch this YouTube video "Why Being Poor Is So Expensive - SOME MORE NEWS" and answer the following questions using the video
A. Using examples either from the video or your own research, what are some ways in which the American economic system is unfair?
B. What are some examples of how it is expensive to be poor? Think about the patreon user examples, other examples in the video, or give other examples from your own understanding or research.
C. The video states inflation affects poor people more than rich people. Find a recent example of why this is the case, and explain the effect of inflation on poor people.
D. Why might a government artificially keep the poverty rate low, or make it so many people don't legally qualify as living in poverty.
E. How might the debt traps of poverty negatively affect the overall economy? How does it affect both the individuals affected by poverty, and the economy at large. Where does money from this debt trap tend to go? Does it create new economic value?
F. What are some examples of how BIPOC people face larger challenges with poverty than white people who live in poverty?
G. What are some ways in which people in poverty are more affected by taxes? How can we change taxes to more fairly spread out the tax burden on society?
H. Pick one economic policy or framework that Canada has which is different from the US or that the US copied and saw success with. How does this change poverty and the experience of poverty between the two countries? What does Canada do differently and how does that impact citizens and the wider economy?