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Politics : American Presidential Politics and foreign affairs

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To: DuckTapeSunroof who wrote (44449)	7/28/2010 6:42:43 PM
From: TimF	Read Replies (1) of 71588

Like I said... probably hard to convince that there is an ongoing trend for a NET reduction in wealth (for the wealthiest traunches of our population It would be hard to convince me of that as well. "A transfer away from the wealthy" != "the wealthy having less wealth." If I give you a dollar every day. But I make $1000 a day. Then I double my income my income to $2000/day. I've increased my wealth. And after doing so I am still transferring money to you. If rather than transferring a flat amount, I transfer a percentage, than my transfer to you has increased, even if at the same time your income has been cut in half. Transfers of wealth are a different issue than the amounts of wealth different people have.

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