Forum Post: The Rich are Getting Richer...

Or are they. Studies that look at INDIVIDUAL tax returns over a period of time show that people move in and out of different categories, rich, poor, etc at an alarming pace.

"Perhaps the clearest rejection of the increasingly unequal classes interpretation is in a 2007 Treasury study titled Income Mobility in the U.S. from 1996 to 2005. Following individual tax-return data over a time period when statistical categories showed increasing income concentration at the top, it found far different results."

"A 2003 Treasury study of the top 400 income earners from 1992 to 2000 found similar individual mobility between income categories, including "the rich" migrating downward (thus dropping out of the top 400), rather than forming a permanent overclass. Over those years, thousands of different people made it into the top 400, with less than one in seven in that category more than twice, and less than one in four in it more than once."

Can you be intellectually honest, read this, and comment? This is a fascinating study... http://mises.org/daily/5799/The-Rich-Arent-Dispossessing-the-Rest