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Politics : Formerly About Advanced Micro Devices

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To: tejek who wrote (585631)	9/15/2010 1:00:53 PM
From: TimF	Read Replies (1) of 1575806

"The top 1 percent, for instance, has gone from capturing about 8 percent of the national income to 18 percent. But there’s no obvious skills differential between workers in the top 1 percent and the workers directly beneath them. It’s not like hedge fund managers are the only guys able to use Excel." This is pure poppycock. "Pure poppycock" might be a bit strong, but it isn't a reasonable point. The skills involved in running a hedge fund go far beyond being able to use a spreadsheet. The larger point of the blog post, that those with better (or more recognized) skills can leverage them better today than in the past, is a very solid point. That has little to do with any "rigging of the game", and to the extent the game (starting or running businesses, creating wealth, competing in the market) really is rigged, its mostly from government action.

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