Here is a discussion of how difficult it is to move from poverty to wealthy in America.
Ironically, it seems to be easier for poor people to move to America and become wealthy than it is for Americans to become wealthy.
So, why has our ‘land of opportunity’ failed to provide opportunity for Citizens? Why are we providing opportunity for foreigners, but not for Citizens?
Don’t get me wrong, I would rather see Government invest in lower taxes than in more programs. But, I would also like to see Government quit investing in foreigners coming to America.
What do you think?
In The New York Times’ series on inequality in America, Columbia professor and Nobel laureate Joseph Stiglitz recently argued that measurable social mobility in America is incongruent with the often ascribed “land of opportunity” label. Stiglitz did reference data from a reputable source (The Brookings Institution) to draw his conclusions, but his interpretation of said data is perplexing.
According to Stiglitz, “only 58 percent of Americans born into the bottom fifth of income earners move out of that category, and just 6 percent born into the bottom fifth move into the top.”
The word “only” in that statement is an interesting rhetorical choice. I don’t know exactly what percentage of America’s poorest children the professor thinks should be moving out of the untouchable caste, but 58% seems pretty good. And while 6% seems rather paltry when I pay sales tax on a Burger King Whopper, the fact that 6 out…
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