Nation
Tea Party Claims First Victory in 2014: TRThis is How Empires Collapse: Charles Hugh-Smith
Sonia Sotomayor Spells Out Racist Utopia Liberals Want: Outcast
Why the Bundy Ranch Is Just the Beginning: Ben Shapiro
Illinois Governor Compares Black Republicans to Nazis: WFB
Perry confirms: Texas will stand up against the Feds: Scoop
Harry Reid: a McCarthy For Our Times: Victor Davis Hanson
Jeb Bush Says He's Thinking About Running for President: Ace
Muslim Brotherhood Launches Own U.S. Political Party: IBD
Reported death of a viable challenge to Lindsey Graham grossly exaggerated?: LI
SCOTUS to decide whether government gets to decide what truth is: Ace
Paging Senator Tom Udall… The Grass Roots are Calling: Liberty Speaks
Economy
The Politics of Poverty: Kevin D. WilliamsonA Short Introduction to Investing (in 400 words): RPSeawright
Try swallowing this ObamaCare pill: BarracudaBrigade
Scandal Central
South Carolina: Vincent Sheheen: The Molester’s Lawyer: RSBruce Braley (D-Iowa) pushed IRS to crack down on Tea Party groups: Moe Lane
Oklahoma Man Slams ‘Dishonest’ HHS Letter Forcing Him To Sign Up For Obamacare: WFB
Stunner! Benghazi Was a Base for Illegal Arms Shipments to Syria: Sara Noble
Commission Finds Benghazi Could Have Been Avoided Had US Not Switched Sides in GWOT: MB
Reid: ‘Something Will Happen’ To Stop Nevada Rancher Cliven Bundy: CBS Las Vegas
Climate & Energy
Ruling Class Cronies: Pelosi Relative Given $737 Million For Green Energy Project: HayRideEPA Head McCarthy Won’t Talk About Keystone XL, Instead Pushes Global Warming Hoax: MB
America’s power grid at the limit: The road to electrical blackouts: DC
Media
The Liberals' New Hero: Thomas Piketty Recycles Marx: City JournalWhat Does Media Embrace of Hard-Left Marxist Theories of Piketty Tell Us?: Ace
Obama Skipped Aunt's Funeral; Went Golfing Instead: Daniel Halper
Gauntlet Thrown—and Caught: Ed Driscoll
What You Won’t Read in the Papers About the ‘Central Park Five’: Ann Coulter
The High Cost of Liberalism: Part III: Thomas Sowell
2016: A Juxtaposition Odyssey: Ed Driscoll
Hillary Clinton is Worthless - Literally: Eagle Rising
CT News Affiliate Seems Upset Gun Owner Wasn’t Charged For Self Defense Shooting: Bob Owens
World
The Serpent's Tongue - An Open Letter To Catherine Ashton, EU Policy Chief: JoshuaPunditIslam’s Religious War with Everyone: Daniel Greenfield
Who are the Victims and Who Are the Victimizers?: Gatestone
War Games As Putin Covets Eastern Ukraine And Beyond: Terresa Monroe-Hamilton
If the Islamists could only find a way to blame the Amish: Common Sense & Wonder
Zimbabwe: Is Deflation a Bigger Devil?: AllAfrica
Leaked Photos and Released Emails show Clintons in Bed with Muslim Brotherhood: Shoebat
Iran sweeps coveted UN rights posts: CFP
Sharia in Sweden: New Law Criminalizes Criticism of Islam: Pamela Geller
Sci-Tech (courtesy BadBlue Tech News)
Not one but two different triangular mystery jets are being secretely flown across the US: AviationistA 'crack in the cosmic egg': Symmetry
Microsoft OneDrive alters user files, adds unique IDs: IT News
Cornucopia
The only way to end racial discrimination is…through racial discrimination?: MOTUSCartoon of the Day: Trust the government to enforce the law: Unyielding
This is a Disgrace: R.S. McCain
Image: The only way to end racial discrimination is…through racial discrimination?
Today's Larwyn's Linx sponsored by: Karen Handel for Senate in Georgia
QOTD: "Professor Mark R. Rank of Washington University, co-author of Chasing the American Dream: Understanding What Shapes Our Fortunes, tells a different story [of so-called "Income Inequality"] in a review of his own and others’ research in last Sunday’s New York Times. Far from having the 21st-century equivalent of an Edwardian class system, the United States is characterized by a great deal of variation in income: More than half of all adult Americans will be at or near the poverty line at some point over the course of their lives; 73 percent will also find themselves in the top 20 percent, and 39 percent will make it into the top 5 percent for at least one year. Perhaps most remarkable, 12 percent of Americans will be in the top 1 percent for at least one year of their working lives.
The top 1 percent, as I have noted here before, is such an unstable group that it makes no sense to write, as so many progressives do, about what has happened to its income over the past ten year or twenty years, because it does not contain the same group of people from year to year. Citing tax scholar Robert Carroll’s examination of IRS records, Professor Rank notes that the turnover among the super-rich (the top 400 taxpayers in any given year) is 98 percent over a decade — that is, just 2 percent of that elusive group remain there for ten years in a row. Among those earning more than $1 million a year, most earned that much for only one year of the nine-year period studied, and only 6 percent earned that much for the entire period.
“Ultimately,” Professor Rank writes, “this information casts serious doubt on the notion of a rigid class structure in the United States based upon income. It suggests that the United States is indeed a land of opportunity, that the American dream is still possible — but that it is also a land of widespread poverty.” Data from the Bureau of Labor Statistics finds that among the allegedly privileged 1 percent, inherited wealth accounts for only 15 percent of household holdings, a smaller share than it does among middle-class families." --Kevin D. Williamson
No comments:
Post a Comment