Monday, September 21, 2009

Is There a Widening Gap Between the Rich and Poor in the U.S.?

No doubt there is a difference between the rich and poor as a group when you look at the statistics. However, the folks within those numbers are not the same each time the statistics are computed.

Individuals move from one category to another within groups, while the computations are made. In other words, the poor people measured at one time, may not be the same people that are being counted in the following survey. They may no longer be poor.

Millions keep constantly moving from one income category to another. So you may have been in the poor bracket in the first measurement, but moved to a higher income bracket in the following survey.

This throws much of liberal policy reasoning into a loop, whenever they talk about handouts for the poor, or the need for a livable wage for the chronically poverty-stricken, or for those earning a minimum wage.

The Left goes on the assumption that earnings of those they measure in the lower categories are static. That the same folks are entrenched in constant financial mire.

The truth is, in the U.S. most are moving outward and upward.

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