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Tuesday, September 05, 2006
More dumbness
Over at Political Animal, Kevin Drum quotes (and mocks) Mickey Kaus:
Don't count affluent people who, by reason of their affluence, are able to take off a year with no income and therefore show up as "poor" in the income stats....You'd think the number of idle-affluent who earn no income and show up as "poor" would be increasing (as the rich get richer!). But if that's true then these people are making the "poverty rate" appear worse than it really is. If they're idle enough — zero income, despite lots of assets — they'll even show up as "deep poor."
Yep, that's our problem: Thanks to skyrocketing income inequality, the idle rich are more idle than ever! Get those bums off the poverty rolls!
Exactly how does one become idle-affluent without earning any return on millions in assets? Gotta have some cash somewhere, right? Should be able to earn a bit of interest on that.
