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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: RealMuLan who wrote (8333)1/22/2003 2:09:54 PM
From: Lizzie TudorRead Replies (1) of 306849
 
Whether a relatively poor person can still become the top 25% of the rich in the US. The answer, according to the guest, is NO.

I will do a search on NPR, but really quickly, did the guest include the wealth effects of the 90s stock market bubble or did he conclude that was an anomaly and exclude the period? Because the 90s really fly in the face of the entire "rich get richer" argument.

I am a fan of NPR, but I remember Robert Reich was a frequent guest a few years ago. Reich has a habit of saying things like "these tax cuts... (and anything related to capital gains)... will serve one purpose- to make the rich- much, much, much richer". To hear Reich tell it, you'd think the DuPont's were the founders and early employees of msft and cisco. I never heard an opposing viewpoint.
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