Tuesday afternoon links
"1. Chart of the Day (above) displays IRS data on the tax shares of the top 1% and the bottom 95% from 1980 to 2015. In the most recent year available (2015), the top 1% of US taxpayers (N = 1.4 million) reported about $2 trillion in adjusted gross income (AGI), which was 20.6% of total taxable income that year, and that group paid $568 billion in federal income taxes or 39% of total taxes collected. The bottom 95% of taxpayers (N = 134 million) earned 64% of total AGI ($6.5 trillion) and paid $588 billion in income taxes (and 40.4% of total taxes paid), which was just slightly more than the taxes paid by the top 1%." The question: Why are you not more productive? If the top 1% are sufficiently productive to earn the same amount as the bottom 95% perhaps the problem is not the top 1% but the bottom 95%. The listless Antifa pretenders love to scream that the top 1% are the problem but is this the case? Or, is it the pikers like Antifa who are sucking the system dry who are the problem? Perhaps we should be looking at the college-educated layabouts who do little and want the rest of us to provide for them. There is always more than one way to look at the world. Looking from the perspective of the greedy and envious is the wrong way to look at the world. We need to stop assuming their positions are correct. They are not. The 1% are incredibly productive, and while the 95 % is nowhere near as productive, perhaps we should also cut them some slack. Not all of them mind you, but at least the ones who are trying. The great fallacy is that the top 1%, 5%, or 10% is a static group of people. It is not. The people comprising these groups changes all the time. People move into and out of these groups every year. Links Even in the top 10% less than 8% of the individuals will last 10 or more consecutive years. Most will only last a single year, with 88% lasting less than a few years.
Comments
|
AuthorMaddog Categories
All
|