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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (354066)11/10/2007 1:33:42 AM
From: TimF  Read Replies (1) of 1577901
 
If what you say is truly the trend, why is it a greater proportion of the nations wealth is in control of fewer and fewer people?

Because highly skilled and educated people can generate more wealth and earn a higher premium. But many of those people with the skills to succeed in the market where not formerly rich, while the decedents of some of the rich lack such skills and often move down.

The fact that the people at the top might have more, doesn't mean that the people are the same people. It also doesn't mean that everyone else has less, and in fact they don't.

This isn't a zero sum game where people are fighting over a share of the pie. People create wealth, and people with highly desirable skills tend to create more. Their creation of this wealth makes things better for other people who don't create as much.
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