The 1% Rich Not Always 1% : The Numbers Are Fluid

It really doesn't matter that the rich are rich one day and then not so rich the next. What the demand from the progressive socialist liberals is that they have more money then they need to survive. no matter how they earned it. The term 'earned' is of no consequence to socialist democrats that instigate class warfare as a means to take from others what the democrats believe belongs to everyone, especially other democrats.

Of course, when the rich are no longer rich because the socialists have taken their earnings, what then? Who will they steal from next to support their voter base, campaign coffers and their personal banks accounts.

Taking what others have earned is a decades long agenda plank in their ideology of the progressive democrats. It's known that democrat politicians don't hold jobs that actually earn legitimate incomes, democrat politicians are government employees without limits. 

Know this, if there weren't any money to steal from others, real wages earners, industry and or taxpayers, there wouldn't be any democrats.

Top Earners Change from Year to Year
Source: Mark J. Perry, "IRS data show that the vast majority of taxpayers in the 'Fortunate 400' are only there for one year," American Enterprise Institute, November 25, 2014.

November 26, 2014

Are America's highest earners the same, static group of ultra-wealthy individuals, sitting atop the income distribution from year to year? Not at all. As Mark J. Perry of the American Enterprise Institute explains, the wealthiest Americans are an ever-changing group, and Americans move up and down the income ladder throughout their lives.

The IRS recently issued new data regarding how often American taxpayers appeared in the list of top 400 earners, analyzing tax returns across the 19-year period from 1992 to 2010. What they found differs markedly from most commentary on income mobility. There were 4,024 unique taxpayers whose tax returns filed from 1992 to 2010 placed in the top 400 earners. Of those:

• The vast majority -- 72.3 percent -- of the 4,024 taxpayers were in the top 400 only once during the period.
• Just 27.7 percent of the top 400 taxpayers made the list more than once during the period.
• Eighty-five percent of top earners (3,413 of the 4,024 taxpayers) made it into the group only once or twice.
• Just 95 taxpayers (2.4 percent of the total) sat in the top 400 for at least a decade.

Perry says the data contradicts the widely-held belief that America's top income earners are a set group that doesn't move down the income ladder.