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Saturday, December 10, 2016

IRS Data: American Dream Evaporates, Amid Mass Immigration, Automation

The probability of American children earning as much as their parents has plunged from 92 percent down to 50 percent during the last seven decades, according to a new study of tax data and the shrinking American Dream of upward mobility.

Compared to people born in 1940, the “babies born in 1980 — today’s 36-year-olds — the index of the American dream has fallen to 50 percent: Only half of them make as much money as their parents did,” says a report in the New York Times.

“In the industrial Midwestern states that effectively elected Donald Trump, the share was once higher than the national average. Now, it is a few percentage points lower. There, going backward is the norm,” the newspaper admitted.



Anonymous said...

Well, lets start the mass deportations

Anonymous said...

... and you still have your idiot liberals saying that illegal immigrants don't take jobs from American citizens.

Anonymous said...

Try finding a white person that will cut grass all day in the summer or pick vegetables/melons, unless it is the owner or his children, forget about it.

Anonymous said...

The immigration problem is a drop in the bucket for our "bleakness".

The Fed is the evil doers here.

Anonymous said...

I know plenty of white people that do, plus they are legal citizens.