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Politics : Formerly About Advanced Micro Devices

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To: TimF who wrote (237428)	6/15/2005 6:38:55 PM
From: tejek	Read Replies (1) of 1571899

1 - The rich getting richer is only a problem if the process of them getting richer causes the poor or middle class to become poorer. Other than that it is a good thing. Clearly, its a good thing for them [the rich] but why is it a good thing for the society as a whole? 2 - When you compare the rich in one period to the rich in another you aren't comparing the same group of people. What does it matter? I am most concerned with the rich now and how much they control. If the rich aren't the same people over time then there is social mobility. The article said that social mobility is not a significant factor. Past articles have stated that that concept has been grossly overstated......that mobility between classes is not as great as depicted in American lore. 4 - Even if the very rich are getting a lot richer and there share of income is growing that isn't moral or legal justification for taking their money away from them. Its a reason for raising taxes on the rich. Anything can be a reason, but this isn't a very good one. From your perspective.......but from mine, its an excellent reason. Nothing wrong with being rich, but there is something wrong with attacking people or taking wealth away from them just because they are rich. Wrong not only in the moral sense, but also wrong in the practical sense that the effort to do so will probably reduce the total wealth of the country. There is absolutely no evidence that it will reduce the total wealth of a country. In fact, it will take some of the tax burden off the lower classes and free up resources for them. After all, there is only so many cars and houses that the rich can buy and then the money simply sits in a bank account. ted

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