Keep in mind this is from the Cato Institute and similar.
"People feel it's a fixed club and no one else can get in, but that's not the case," said Mark Perry, resident scholar at the American Enterprise Institute. "Once you get there, it's not easy to stay there."
Hmm, the figures show that 1.1% of the population get to spend 10 years in the top 1% of income, while another 2.2% only spend 5-9 years there and another 11.1% spend 1-4 years there. It's easy to "stay there" for some...
The flipside is, a higher income tax would affect 11.1% of people just a few years (times), and 1.1% of people would be affected many more years (times).
"People feel it's a fixed club and no one else can get in, but that's not the case," said Mark Perry, resident scholar at the American Enterprise Institute. "Once you get there, it's not easy to stay there."
Hmm, the figures show that 1.1% of the population get to spend 10 years in the top 1% of income, while another 2.2% only spend 5-9 years there and another 11.1% spend 1-4 years there. It's easy to "stay there" for some...
The flipside is, a higher income tax would affect 11.1% of people just a few years (times), and 1.1% of people would be affected many more years (times).