Freedom Line Blog

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.”