[Peace-discuss] Re: [Peace] Re: [Announce] Unity March this Saturday
Bob Illyes
illyes at uiuc.edu
Wed Sep 30 16:22:29 CDT 2009
The figure is from an AP story carried in the News-Gazette today. The goofy
analysis got a smile out of me at breakfast this morning. The relevant part is
"The wealthiest 10 percent of Americans those making more than $138,000
each year earned 11.4 times the roughly $12,000 made by those living near
or below the poverty line in 2008."
$138,000 is 11.5 times $12,000. They are comparing a typical person (or
family, if Mort is right) in poverty with the lowest income of the upper
10%. It's apples and oranges. The actual spread between the two groups is
and must be many times the 11.4.
Bob
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