Monday, February 3, 2014
What's your chance of escaping poverty in America? Just 8 percent, the smallest -- by a HUGE margin -- of any industrialized nation in the world.
Remember that GOP lie about "in America, anyone can be rich if you just work hard?" It's bullshit.
Rep. Paul Ryan and his ilk are claiming that Obama's policies have worsened upward mobility by making people more dependent on government. The most recent study, using a huge amount of data, disproves that. It also shows that upward mobility is almost impossible in America.
The key factor? Sharply rising incomes at the top of the ladder holds back talented people lower down.