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Politics : Formerly About Advanced Micro Devices

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To: combjelly who wrote (236177)	6/7/2005 4:45:22 AM
From: Elroy	Read Replies (1) of 1572885

There was an article in "The International Herald" yesterday which pointed out that in the US the top 0.1% of incomes($1.6 million and up) is expanding their wealth at a rate that far outstrips the other income groups. And that rate is accelerating while every other group is, at best, just treading water. Seems to indicate that investments are outpacing savings. Those with $1.6 million in annual income probably have significant investments (I don't know, say, $20 million), so their wealth growth rate would depend on the return of their investments. On the other hand, those with a more average annual income (say, $50k), probably have relatively minimal wealth (say, $100k most of which is in their home). Their wealth growth rate is going to depend more on whether or not they can save something out of their $50k every year, since they probably don't have much wealth other than their home. The conclusion seems counter intuitive though. It seems a lot easier for someone with net worth of $20k to get to $30k (50% growth) than it would be for someone with net worth of $50 million to get to $75 million. But I guess if they just invest in OVTI and VCLK they should both be OK.

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