According to IRS tax data, 85.8 percent of tax filers in the bottom fifth in 1979 had moved on to a higher quintile, and often to the top quintile, by 1988.
Here's my question for you: What are we to make of people who preach pessimism and doom to people -- telling them that they're poor because others are rich or telling blacks that they'll never make it because of societal racism? What are we to make of politicians, media pundits and college professors who preach the politics of envy -- telling people lies that the rich became rich off the backs of the poor? I grew up poor in a housing project in North Philadelphia, and those weren't the lessons prevalent a half-century ago. My mother used to preach that "We have a beer pocketbook but champagne tastes." And my stepfather used to admonish, "If you want to make it in this world, you have to come early and stay late." Those messages are far more beneficial to a poor person than those of victimhood and pity. Personally, I like evangelical minister Reverend Ike's response when asked what should we do about the poor. He said, "The best thing you can do for the poor is not become one."