SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : American Presidential Politics and foreign affairs
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: DuckTapeSunroof who wrote (44198)7/15/2010 3:15:47 PM
From: TimF  Read Replies (1) of 71588
 
Yes Buddy you did make such a claim. You didn't directly state "the wealth is being transfered to the rich", but you stated that the claim that - "The wealth continues to be transferred away from the wealthy, not to the wealthy." - was - "completely and utterly ridiculous when trends are examined over a longer term".

Now its possible you mean that the wealth isn't being transferred either way, and that its so certain it isn't going either way that the claim that its being transferred from the rich is ridiculous in your opinion but

1 - That's very unlikely. If it really was on the balance not being transferred either way, then it would be hard to be so precisely certain as to reasonably call ridiculous, the claim that wealth is transferred from the wealthy. Considering the impression of any data behind such statements you would reasonably have to believe that wealth was being transferred to the wealthy, in order to claim that statements to the opposite effect are ridiculous.

and

2 - The fact the in the US wealth is being transferred away from the wealthy by the government is beyond reasonable dispute.

What I did was point out (with the chart) the steady and progressive 'slouching of our economy into a tremendously inefficient plutocratic wealth distribution' just like we had during the depths of the bad old Great Depression.

1 - You used the chart to support the claim that the statement, "The wealth continues to be transferred away from the wealthy, not to the wealthy", is ridiculous, but the chart doesn't address that claim in any way.

2 - It also doesn't address your more recent claim that we are moving towards a less efficient or more plutocratic wealth distribution. It doesn't address either efficiency or plutocracy, making no argument for either. Plutocracy is rule by the rich, not the rich having a higher share of the overall wealth. They are not the same thing.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News