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Politics : Formerly About Advanced Micro Devices
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To: TimF who wrote (357821)11/10/2007 3:55:15 PM
From: tejek  Read Replies (1) of 1577976
 
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.

I don't care that its not the same people although the changes at the top are small from one decade to the next. The point I am making is that income distribution is skewed more heavily towards the top in this country than other first world countries, and that that distribution is worsening with each passing decade. Facts you choose to ignore.
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