Economic Insanity Corollary

Yesterday's post delved into the fallacy of GOP economic theory.  Here's a corollary to the con job they've perpetuated on the American people.

The laws that they want to benefit the 1% of the wealthiest portion of the population are to the benefit of the remaining 99% because at some point the members of the 99% will earn so much income that they too will be in the 1%.  You wouldn't want laws that take money from the wealthiest because you, the Horatio Alger that you are, will someday have made a pile of cash that will be taxed away from you.  Not that the tax would take anything remotely like all of the wealthy's cash, but that's the gist.

That, of course, is a statisical impossibility.  At no point can everyone in the 99% take a turn being part of the 1%.  There's nothing like a constant current of new members of the 1% with old members of the 1% joining the 99%.  The 1% only occasionally changes in constituency. 

As a result, the GOP has a significant number of voters believing that laws that harm them are ultimately to their benefit because they might, some day, become wealthy.  A Ponzi scheme of epic proportions, far exceeding Madoff.