March 9th, 2016 10:41 am
Quotable: Thomas Sowell on Income Inequality Obsession
From Thomas Sowell, in his latest commentary entitled “Random Thoughts”:
Here is a trick question: What percentage of American households have incomes in the top 10 percent? Answer: 51 percent of American households are in the top 10 percent at some point in the course of a lifetime – usually in their older years. Those who want us to envy and resent the top 10 percent are urging half of us to envy and resent ourselves.”