Billionaires

“When President Barack Obama said: ‘The top 10 percent no longer takes in one-third of our income, it now takes half,’ that would clearly be a deduction from other people’s incomes if there were a fixed or predestined amount of total income. This is not an incidental subtlety. It matters greatly whether people with high incomes are adding to, or subtracting from, the incomes of the rest of the population. Insinuations are a weak basis for making decision about a serious issue. It is too important to have the issue decided—or obfuscated—by artful words. In plain English: Is the average American’s income higher or lower because of the products created and sold by some multi-billionaire?” – Thomas Sowell