Class warfare and income redistribution rhetoric has always been fashionable among self anointed protestors and politicians who play the old game of divide and conquer, telling us the greedy "rich" need to "pay their fair share." This would be tedious if it did not have serious implications for tearing communities apart. Let's take a look.
According to IRS data, there are 1.38 million Americans in the top 1% earning at least $343,927 a year. This is a generous living but hardly the cash flow to purchase a corporate jet and luxury yacht. There are 138,000 Americans in the top .1% earning over 2 million a year. They more truly represent the vision we have of "rich," but only equal .04% of the population.
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