Jump to content
Sign in to follow this  
one...two...tree

Fun With Charts: Making the Rich Look Poor

15 posts in this topic

Recommended Posts

Jon Chait takes a closer look at a Wall Street Journal chart intended to suggest that the middle class has all the money:

The chart has been making the conservative blog rounds, from Powerline to Hoosierpundit to Reihan Salam to (not really conservative) Andrew Sullivan, who reproduces it under the headline "Where the Money Is." The chart most certainly does not demonstrate the
Journal's
point. It instead relies upon an optical illusion. Democrats have been arguing that their tax increases should solely affect income over $250,00 a year. The
Journal
makes that pot of income appear small by divvying it up into seven different lines. See, the $100,000-$200,000 line is
tall
, and all the other lines to the right of it are
short
. That tall line must be where the money is!

As a public service, I've redrawn the chart for the Journal. On the left is the original. On the right is the chart that shows the actual amount of money earned by the tiny handful of people making over $200,000. It's a lot.

blog_where_money_is.jpg

http://www.visajourney.com/forums/index.php?app=forums&module=post&section=post&do=new_post&f=145

Share this post


Link to post
Share on other sites

Logic spin - If the only ones in society that do not create jobs are the poor, we must make the poor richer so they too can create jobs. Ultimate Job creation.

:lol:

Jobs are created from need, and that need isn't necessarily bound to capital resources. The people that buy into the fallacy that only the rich (people with lots of capital) create jobs, played too much Monopoly as children and lack a more adult understanding of how job creation works.

Edited by 8TBVBN

Share this post


Link to post
Share on other sites
Jobs are created from need, and that need isn't necessarily bound to capital resources. The people that buy into the fallacy that only the rich (people with lots of capital) create jobs, played too much Monopoly as children and lack a more adult understanding of how job creation works.

Indeed. Otherwise we'd have a shortage of labor given the trillions of dollars that businesses sit on. But I suppose those that want to make the rich richer in the hopes that some of that wealth will eventually trickle down never cease to exist. They should go around affluent neighborhoods offering to shine some shoes.

Share this post


Link to post
Share on other sites

Indeed. Otherwise we'd have a shortage of labor given the trillions of dollars that businesses sit on. But I suppose those that want to make the rich richer in the hopes that some of that wealth will eventually trickle down never cease to exist. They should go around affluent neighborhoods offering to shine some shoes.

They long for the good 'ol days...

Aristocracy_--.jpg

Share this post


Link to post
Share on other sites
 

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  
- Back to Top -


Important Disclaimer: Please read carefully the Visajourney.com Terms of Service. If you do not agree to the Terms of Service you should not access or view any page (including this page) on VisaJourney.com. Answers and comments provided on Visajourney.com Forums are general information, and are not intended to substitute for informed professional medical, psychiatric, psychological, tax, legal, investment, accounting, or other professional advice. Visajourney.com does not endorse, and expressly disclaims liability for any product, manufacturer, distributor, service or service provider mentioned or any opinion expressed in answers or comments. VisaJourney.com does not condone immigration fraud in any way, shape or manner. VisaJourney.com recommends that if any member or user knows directly of someone involved in fraudulent or illegal activity, that they report such activity directly to the Department of Homeland Security, Immigration and Customs Enforcement. You can contact ICE via email at Immigration.Reply@dhs.gov or you can telephone ICE at 1-866-347-2423. All reported threads/posts containing reference to immigration fraud or illegal activities will be removed from this board. If you feel that you have found inappropriate content, please let us know by contacting us here with a url link to that content. Thank you.
×