In response to:

Big Lies in Politics

Ronald C. Wrote: Jul 31, 2012 10:44 AM
As a bottom 1% who through education moved to the top one % over a period of 50 years and then moved back to the bottom 1% (in taxable income) I concur it is a cycle and the categories are highly mobile - with persistence and skill one can save and invest enough from the great years to carry their own weight through the lean years and assist the next generation on their own journey.
Polly1 Wrote: Jul 31, 2012 11:43 AM
You didn't do it just through education. You did it through SMART education AND hard work -- as did my husband (who was the son of a teacher and a housewife). We were in the 1% for a number of years--which I did enjoy--and now we are no longer in the 1%. Such is the cycle.

When we were "rich," we donated much to charities and I spread the wealth every time I hired someone else to do something I could have done myself, whether mowing my lawn or constructing my clothes. I rather thought our income was "trickling down." I didn't realize that the only good way to spread the wealth was for a government bureaucrat to take it from us and give it to someone who had NOT worked as hard as you and my husband did.
It was either Adolf Hitler or his propaganda minister, Joseph Goebbels, who said that the people will believe any lie, if it is big enough and told often enough, loud enough. Although the Nazis were defeated in World War II, this part of their philosophy survives triumphantly to this day among politicians, and nowhere more so than during election years.

Perhaps the biggest lie of this election year, and the one likely to be repeated the most often, is that the income of "the rich" is going up, while other people's incomes are going down. If you listen to...