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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 74.59+0.3%Jan 23 9:30 AM EST
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To: Wyätt Gwyön who wrote (62342)11/7/2002 4:34:07 PM
From: RetiredNow  Read Replies (2) of 77400
 
Hey Mucho, I saw some statistics to that affect as well. The rich got much richer than everyone else in the last decade. At first, I thought well, who cares? Because it seems that my family and most of the families that I know were also substantially better off. But that attitude took a 180 degree turn, when we all started seeing how many criminals were running the most well known companies in America.

Ultimately, I don't think I'm smart enough to really understand where all the money came from. It seems that the middle class on up benefited enormously over the last decade, even when you take into account the trillions lost after the bubble burst. So who got screwed? Alot of Democrats will tell you it's the poor who got screwed, but I don't think that's entirely true. Mostly, I think that I'm guilty of anchoring on my own and my friends' situations when thinking about what has happened to the classes in America over the last decade. I would bet that mostly the rich got rich and most of the middle class on down got screwed.

Everything runs in cycles and I believe you are right. In the next couple of decades we will see a movement to the far right with all sorts of new social nets getting put in place. I think that will happen, unless miraculously this economy comes roaring back in the next 5 years to the levels seen in 1999. Don't roll your eyes just yet. :) It's possible.
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