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Politics : Formerly About Advanced Micro Devices
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To: TimF who wrote (316709)12/24/2006 8:01:00 PM
From: tejek  Read Replies (1) of 1575341
 
No one is talking about the rest of the world......the comparisons that have been made are with groups within the US.

Exactly no one is talking about the rest of the world. The article doesn't compare the wealth of American's to the rest of the world, it compares the wealth of different quintiles of Americans over time. Ranting against comparisons with the rest of the world is rather irrelevant.

Uh...uh. On the contrary, the author of the article you posted to me does talk about the rest of the world vis-a-vis the US:

"Charles Hooper and I wrote an article laying out the fact that if one looks across the whole world's population that has ever existed, the vast majority of Americans are in the top 1%.

Tim, when you find a right leaning economist who speaks clearly, uses simple language and doesn't create a rat's maze of an explanation while actually dealing with the issue at hand let me know.

Just follow the link you quoted. For quotes from such an economist.

tcsdaily.com;

Where the hell do you think I got all the info for this post and the other two I made to you on this subject? Really, Tim, these arguments you present are getting very silly.

As far as Reynold's/Henderson's argument disputing the notion of the vanishing middle class, its of secondary concern. The fact the upper classes are gaining at the expense of the lower classes is just so wrong there doesn't need to be any more discussion. We need to be doing things to change that deplorable condition and not talking it to death.
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