I didn't think you'd say uncle and change the topic so quickly!
From Economic Mobility is Real:
From What is income mobility and the definition of poverty?:
Upward mobility from 1996-2005:
Downward mobility from 1996-2005:
Income mobility from 2001-2007:
Well when they change from one group to another, their share of the Federal Budget will be adjusted to reflect the new group they are in. Its pretty much the progressive taxation model, except without all the loopholes for wealthy, and with means tested capital gains taxation. If in upper 5%, your capital gains will be taxed at say 50%, while if in middleclass, perhaps any capital gains tax could be as low as 5%. Low income, if investing, would have zero capital gains tax.
Come sit down beside me I said to myself
And although it doesn't make sense
I held my own hand as a small sign of trust
And together I sat on the fence
Anon. Very anon.
Last edited by Awryly; 11-21-2012 at 11:05 PM.
Come sit down beside me I said to myself
And although it doesn't make sense
I held my own hand as a small sign of trust
And together I sat on the fence
Anon. Very anon.
GrumpyDog (11-21-2012)
So I see like wryly you prefer to change the topic.
No, that is not what I said at all. What I said was you undermined your emotional argument.
Emotional argument? Yes, you and wryly thought you had a nice pity the poor argument. But your pitiful poor were just a statistical abstraction, and not real people because individuals have economic mobility.
Change the topic if you like but your prior argument fell flat on its pitiful face.