Maggie's Farm

Rich girl explains poverty to the greedy and benighted.

In America, the poor do not stay poor, and the rich do not remain rich. Overall, in the US, both great wealth and difficult poverty seem to be transient. I am opposed to the death tax because it discourages people from building a secure and independent future for their kids and grandkids.

Of course, death taxes seem not to affect the very wealthy.

From the latter link:

...if upward mobility is so common, why are there still plenty of poor people in this country? In a recent video about income mobility hosted by the Institute for Humane Studies, economist Steven Horwitz of Saint Lawrence University explains:“Immigrants and young people entering the labor force come into that income distribution at low levels of income. They become the new poor when the old poor slowly move their way up.” Horwitz concludes that “even though a first glance at the data may make it seem as if the rich are getting richer and the poor are getting poorer, the reality of the United States in the early 21st century is that everyone is getting richer, poor and rich alike.”