It’s About Right
In the discussion about the Pope’s negative comments regarding supply-side economics I mentioned the old saw about ‘a rising tide lifts all boats’, so Badtux looked at the numbers:
According to U.S. Coast Guard statistics, there are 16,824,000 boats in America. According to the U.S. Census Bureau, there are 114,761,359 households in America. What that means is that 14.7% of households benefit from a rising tide.
It is a good fit, because only about the top 15% of households are prospering or holding their own in this economy. The rest of us are treading water or sinking.
