[ExI] Protected Elites

[Stathis Papaioannou]

2009/5/16 Damien Broderick <thespike at satx.rr.com>:

> "While few would deny that it is *possible* to start poor and end rich, the
> evidence suggests that this feat is more difficult to accomplish in the
> United States than in other high-income nations."
>
> "Children from low-income families have only a 1 percent chance of reaching
> the top
> 5 percent of the income distribution, versus children of the rich who have
> about a 22
> percent chance.
>  Children born to the middle quintile of parental family income ($42,000 to
> $54,300)
> had about the same chance of ending up in a lower quintile than their
> parents (39.5
> percent) as they did of moving to a higher quintile (36.5 percent). Their
> chances of
> attaining the top five percentiles of the income distribution were just 1.8
> percent....
>  African American children who are born in the bottom quartile are nearly
> twice as
> likely to remain there as adults than are white children whose parents had
> identical
> incomes, and are four times less likely to attain the top quartile."

The explanation leaps out at you: poor people are genetically lazy,
and poor black people at least doubly so.


-- 
Stathis Papaioannou