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 Waco Tragedy
Last year, I sat down with author David Hardy and filmmaker Dan Gifford for a 13-hour in-depth review of the ATF, FBI and US Army's slaughter of the Branch Davidians of Waco, Texas on this day in 1993. Also feat. James Tabor, Paul Fatta, David Thibodeau, Jim Bovard,...