Monday 3 December 2007

The top 1%

The 'Top One Percent' of income earners in the US as seen by Thomas Sowell. Sowell points out that "At the highest income levels, people are especially likely to be transient at that level. Recent data from the Internal Revenue Service show that more than half the people who were in the top one percent in 1996 were no longer there in 2005."

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