Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
Normal
You said the following: The data does not support your claims, even the Wiki link you provided showed that a majority of those in the lowest quintile experienced upward mobility - This shows the second portion of your statement is false. The data further shows that over a 10 year period, a majority of those in the top 1% fell to a lower quintile. A full 75% of those in the top 0.1% also fell to a lower quintile over the same period - This shows the first portion of your statement is false. You are confusing the mobility between quintiles with the increase of income among the specific quintiles. These two concepts do not equate and it is this illogical reasoning that has led you to make fallacious conclusions that cannot be supported by the available data. It is clear that you do not understand the difference between income mobility between the quintiles and the increase of income among the specific quintiles. Your argument is one of a zero sum game, that one cannot prosper without that prosperity coming at the expense of all others. Such claims are without merit and have not been supported by any empirical data.
You said the following:
The data does not support your claims, even the Wiki link you provided showed that a majority of those in the lowest quintile experienced upward mobility - This shows the second portion of your statement is false.
The data further shows that over a 10 year period, a majority of those in the top 1% fell to a lower quintile. A full 75% of those in the top 0.1% also fell to a lower quintile over the same period - This shows the first portion of your statement is false.
You are confusing the mobility between quintiles with the increase of income among the specific quintiles. These two concepts do not equate and it is this illogical reasoning that has led you to make fallacious conclusions that cannot be supported by the available data.
It is clear that you do not understand the difference between income mobility between the quintiles and the increase of income among the specific quintiles. Your argument is one of a zero sum game, that one cannot prosper without that prosperity coming at the expense of all others. Such claims are without merit and have not been supported by any empirical data.
