Wednesday, July 17, 2013

The Wealthy $34K Earners

To paraphrase Mark Twain, there are lies, damn lies, and statistics.

This falls into all three categories.

From Think Progress...
A conservative mogul worth $43 billion says he knows the secret to helping poor people. According to Charles Koch, the U.S. needs to get rid of the minimum wage, which he counts as a major obstacle to economic growth. 
On Wednesday, the Charles Koch Foundation launched a $200,000 media campaign in Wichita, Kansas, with a hint of expanding it elsewhere. 
The Kansas ad does not specifically mention the minimum wage, but it does claim that Americans earning $34,000 a year should count themselves as lucky, because that puts them in the top 1 percent of the world. “That is the power of economic freedom,” the ad concluded.

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