New IRS Data Show That 72% of US Taxpayers Who Make It Into the ‘Top 400’ Are There for Only a Single Year
7th January 2016
Whenever you hear Aggregation Fallacy vaporings about ‘The top X% own Y% of the national income/national wealth/available toys’, remember that the ‘X%’ is a constantly changing group, and it typically changes quite rapidly.
‘Progressive’ scaremongering about ‘economic inequality’ depends on specious Aggregation Fallacy scams to fool people who aren’t paying attention that we have a European-style economic class system where a limited number of families are surpassingly rich from generation unto generation, grinding the faces of the poor etc. Do not be fooled.