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 Slobbering Beast of Power
Beneath the uniforms, costumes of power or the suits of fashionable exuberance lurks naked flesh. Often flabby and unimpressive. The victims of such know the putrid stench on their breath, the sickly odour of sweat, the repulsive effluent of discharge as it penetrates...