The Mudcat Café TM
Thread #136148   Message #3107665
Posted By: pdq
05-Mar-11 - 03:45 PM
Thread Name: BS: Fact, Not Fiction
Subject: RE: BS: Fact, Not Fiction
I read some of the stuff at the Mother Jones website linked to above.

One glaring defect in their presentation is the use of "income" to decide who is the target of their venom. The real "rich" people have "assets" worth millions or billions.

The football player who made millions last year may have a career-ending injury next year. The rock star with a million-seller last year may not be able to get a gig at a roadside bar a few years from now. For the graph shown, both my examples would be in the dreaded "1 % of income earners" but for a very short time.