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Money Changers in the Temple?
been set and broken every year for nearly
two decades);
4.
Second and third generation wealthy don't
use their wealth to createjobs.
(Far from the
truth -- fact is, 80 percent of today's
millionaires are first generation folks. They
got it the good old fashioned way -- they
earned it);
5.
The rich just put their money in banks.
(But
it doesn't stay there. As we all know, banks
are financial intermediaries that- put the
money to work out in the economy, creating
jobs, new·products, houses, etc.); and
6.
Ninetypercent ofthe elderly retire in poverty.
(A huge misstatement! About 13 percent of
the elderly, and also 13 percent of the
general population, live in poverty. The
percentages have held constant, only
notching up or down 1-2 percent, for
decades).
Alas, the things we know that aren't so.
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