Tag Archive: Thomas Sowell

Nov 24

Thomas Sowell: 56 percent of all households will be in the top 10 percent in income at some point in their lives

Trusters of the state frequently complain about “income inequality.” Yet Thomas Sowell points out that “the rich” and “the poor” are frequently the same people at different stages of their lives. In fact, 56 percent of all households will be in the top 10 percent of income at some stage in their lives. See here. …

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