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This is from the Freeman Online. Consequences of corporatism. Posted January 06, 2012 By Sheldon Richman. http://www.thefreemanonline.org/columns/tgif/the-mobility-gap-what-does-it-mean/ “Americans enjoy less economic mobility than their peers in Canada and much of Western Europe.” That’s how the New York Times began a page-one news story yesterday. It is a thoughtful story that offer a variety of explanations — some of [...] Mercatus Center Research Fellow Veronique de Rugy examines the income dynamics of taxpayers with millionaire status using data calculated from IRS tax returns from 1999 through 2007. The data represent 675,000 taxpayers who were millionaires at some point during this period. In contrast to popular sentiments about the rich getting richer and poor getting poorer, this [...] |
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