Some 94 percent of Americans who reach “top 1 percent” income status will enjoy it for only a single year. Approximately 99 percent will lose their “top 1 percent” status within a decade.
Now consider the top 400 U.S. income-earners—a far more exclusive club than the top 1 percent. Between 1992 and 2013, 72 percent of the top 400 retained that title for no more than a year. Over 97 percent retained it for no more than a decade.
– Chelsea Follett, High Turnover Among America’s Rich
The Government Is Full of Domestic Imperialists | Guest: Keith Knight | Ep 306
https://youtu.be/1wmTo16dWck As the Cabinet appointees within the incoming Trump administration take shape, there is cause for hope among libertarians, as well as some cause for concern. Matt Kibbe is joined by Keith Knight, managing editor at the Libertarian...