|
|
 Originally Posted by BananaStand
You are wrong.
Two thirds of the people born into the poorest fifth of society rise out of that quintile. Income Mobility!!
11 percent of them rise all the way to the top quintile. Income Mobility!!
8 percent of the folks born into the top quintile fall all the way to the bottom, and even more fall to the quintiles in between. Income mobility!!
Also...this "rich get richer" argument ignores the fact that the rich aren't the same people from one generation to another. That's because of income mobility. Oprah couldn't go from being on welfare, to being who she is today, if she lived in Norway her whole life.
https://en.wikipedia.org/wiki/Great_Gatsby_curve
Edit: Just to be sure you understand the significance and purpose of the link. What you posted is like really cool and impressive. The numbers you quoted just happen to be worse than in many other countries, such as the nordic countries which I used as an example.
|
Reply With Quote