Formerly About Advanced Micro Devices Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: tejek who wrote (181427)	1/26/2004 2:35:52 PM
From: TimF	Read Replies (1) of 1572507

Because the rich are getting richer at a faster rate than we are adding wealth. That means a greater percentage of our wealth is concentrated in their hands. The long run trend is that we are all getting wealthier. Even the people at the bottom are. The people at the bottom over time are not the same people from year to year. Many of them are poor immigrants legal or otherwise. They move in and work for peanuts and they might be poorer then the people at the bottom before all the immigrants moved in but in the mean time many of the people who where previously at the bottom are better off then they used to be and the new people at the bottom are better off then they where before they came to the US. "The rich get richer while the poor get poorer" is not always true and even when it is it doesn't mean that the rich and the poor are the same people before and after this change. A different group of people are at the top and bottom 1% and 5%. If you wait a long enough time between the two points that you are measureing to smooth out short term fluctuations you'll find that in the long run people in general are getting wealthier not just the richest people. Tim

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next