Dec. 10, 2013

One-Fifth Become 'Rich'

Living the American Dream?

It wasn’t long ago that leftist rabble rousers claimed the class warfare mantle of “the 99%” in order to punish the 1% who were wealthy. But it isn’t just 1% who are well off. According to the Associated Press, “Fully 20 percent of U.S. adults become rich for parts of their lives.” Then again, in order to make that claim, the Leftmedia outlet has to redefine “rich” a long way down. The details: “The new rich have household income of $250,000 or more at some point during their working lives, putting them – if sometimes temporarily – in the top 2 percent of earners.” That’s a ridiculous definition of “rich,” but maybe it’s simply a way to “justify” all that wealth redistribution.

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