It has never been easier for U.S. dollars to enter the richest segment of American society. At least, TheOnion.com reports, according to a new Brookings Institution study which found that over the past 4 decades, trillions of $$$s have been able to move from the lower and middle classes into the upper class rarely leaving the upper class once they arrive there.
MEANING: Those $$$s are more upwardly mobile than the so-called "American dream."
It's all over folks. No more upward mobility. The United States, as it has been known, no longer exists. There will only be the have's and the have not's...the former being the 1% and then there's the rest of us.
In comparison to earlier generations, today's U.S. dollars are ascending the economic ladder much faster, and in far greater numbers. We have never seen this much money moving into the highest income brackets, and the trend is only getting stronger. These dollars are leaving the working class behind, and they’re not going back.
Our report discovered many instances in which an American dollar started out in a poor neighborhood and ended up in an exclusive, affluent community only a few months later. For a dollar that started out among the poorest of the poor, reaching the top 1 percent is now an entirely achievable goal.
In fact, it happens all the time here. Most other developed nations don't even compare. The United States is far and away the best place on earth for money to make its way to the top.
Thinking logically: Perhaps what the Brookings Institution study found is that with the number of U.S. entrepreneurs expanding dramatically over the past 4 decades, more and more $$$s are winding their way to the folks in the upper economic stratum who are providing folks in the lower- and middle- strata the products they want. That would make sense, wouldn’t it?
Where should those $$$s go? Remain with the lower- and middle- class? Wouldn’t that be socialism?
As it turns out, the entire TheOnion.com article is a farce, a satire. They almost tricked The Motley Monk.
Even so, wait to liberals to start quoting the alleged Brooking Institution study. Be sure to give ‘em enough line and then reel ‘em in...very slowly.
Let the discussion begin…
To read the article in TheOnion.com, click on the following link: