Poverty - A Simple Approach to Eradicate it

20 Pages Posted: 31 Aug 2021

Date Written: July 23, 2021

Abstract

A Country is a predefined territory, where people live along with the nature and other living species (Botanical, Marine, Zoological etc.…). A Nation is the same as a Country, but with registered and identified group of people as the citizens. Each living group in a nation is identified as a Household. Poverty is the inability to buy the Basic Needs by a Household, and save a reasonable money, irrespective of their earnings per month. It includes all the citizens in a nation, from Rich to Poor. Saving is the local money value of the Arithmetic difference between the monthly earnings of a household (Husband+Wife+Children), AND the Cost of monthly Basic Needs for them. Basic needs are the Cost of Food, Shelter and Clothing for each Household. Irrespective of the monthly earning of any household, if the Cost of monthly Basic needs are lower, then there is a saving. It is the joint and coordinated responsibility of the administrative heads of the Rural, Urban, Thaluk, District, State and the Central Government in every nation to ensure that every Household has a reasonable savings per month. A nation where the households, irrespective of their Economic bracket (Rich or Poor), lead a satisfied life and make a reasonable saving in every month, is a Developed nation. A nation where the lead an unsatisfied life and do not make a reasonable saving in every month is a Developing nation. A nation where the Basic needs are not available to meet the monthly requirements of the households OR the costs of Basic Needs are very high, is an under developed nation. Population is an asset as a productive work force. It is a liability, if lethargic and nonproductive. National administration should be divided from top to bottom with a full employment approach, through integrated Training and Development infrastructure. A Household is a Father, Mother and 2 children. Each administrative head should identify every Household, and provide a “Living card”. This card should have the estimated monthly income, value of reasonable basic needs (Vegetarian food + 4 sets of clothing and applicable rent value per year divided into month) for each Household. Households with monthly income less than the total monthly value of basic needs should be marked as “P” for poor. Each administrative head should attempt to reduce and eradicate the Poor category. This is a direct bottom level approach to eradicate poverty. Induction of savings through Cost reduction of Basic needs is a planned management approach. Effective management of Man Power, Materials and Techno-Commercial Infrastructure is a Macro level approach. All these lead to savings at Household level. Domestic savings is a source for Domestic investment to direct the nation towards accelerated Development.

Keywords: children, clothing, closed cycle, country, developing, development, domestic savings, employment, food, geometric model, household, living indices, nation, national administration, population, poverty, shelter, training, under developed

JEL Classification: E15, E21, H31, I15, I21, I24, I26, I38, M53, M54, O35, O43, R11, R13, R21, R28

Suggested Citation

Subramaniam, Viswanatha Sankara Rama, Poverty - A Simple Approach to Eradicate it (July 23, 2021). Available at SSRN: https://ssrn.com/abstract=3892244 or http://dx.doi.org/10.2139/ssrn.3892244

Viswanatha Sankara Rama Subramaniam (Contact Author)

Intellectual Consultants ( email )

Alwarkurichi
Tirunelveli District
Tamil Nadu
India
919094321160 (Phone)

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