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
Emily Feng’s Seditious Material and the new West’s love of censorship
Hong Kong police have recently arrested book sellers for having copies of Emily Feng’s, Let Only Red Flowers Bloom. Freelance journalists and three others have been arrested related to the book and for the act of selling, “seditious material.” Emily Feng has been...