Tuesday, November 13, 2007

Better off Than We Thought

For a discussion of an important U.S. Treasury Department study that shows that opportunities for upward mobility remain alive and well in the United States, see here. The study is based on an analysis of a sampling of tax returns over a 10 year period.

Populist grievance oriented rhetoric based on anecdotal evidence is powerful in an age in which marketers are constantly explaining how much we need to have more. Such rhetoric is fortunately untrue.

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