“Well, I want a piece of that pie while I sit on my @ss and pump out babies. Where’s my equality and justice? Where’s my pie (except for my 60” posterior) but I can’t spell that so where is my social justice!?”
Yes, they’ve finally gotten on my last Caucasian racist nerve! I put off having babies until I could afford ONE and only ONE. Flame away!
NEW book?
For those interested, Economic Facts and Fallacies leans heavily on a book by Alan Reynolds, Wealth and Income. Very good book.
This article leaves out the threashold fallacy. A significant reason the upper brackets are statistically better off is that they are being crowded from below. This is why the left has been narrowing the top group over recent years. First it was the top 20%, then top 10%, then 5%, now 1%. Each thinner slice exaggerates the threshold fallacy that much more.
In a free society with a rational culture and a just government the standard of living for the average worker increases in the long run. Everybody wins. In general, the rich get richer faster because they are more productive. If one has a low income and wishes to increase it fast, one needs to find a way to become more productive, rather than wishing to destroy the rich because of envy.
the past three decades, the middle class has lost ground while the wealthiest few have become even wealthier.
Was he talking about the NBA players???
ping
I never hear about work inequality. I make more than average, but I have also worked a lot more than aberage for years. Ther are many that work a lot more than me and they make a lot more. Somehow work almost always translates to wealth...
That and the fact that poor people have behaviours that will keep them poor, while rich people have made choices that have built wealth. I was poor, but ny making better choices I have changed my own lot in life. See my tagline....
Being broke is a temporary situation. Being poor is a state of mind....
I wouldn’t even go to my doctor if I thought that his services were only worth what I make!!!