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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 393.24

+1.1%

Dec 11 4:00 PM EST

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To: Cogito Ergo Sum who wrote (81507)	10/16/2011 5:18:23 PM
From: Maurice Winn	1 Recommendation Read Replies (1) of 218428

Take a wider look at humanity BS: <no wonder middle and upper middle class are shrinking and wealth gap is growing > You are thinking in narrow nationalistic terms. If you include people in China and India for example, you will see that the proportion of middle class has boomed vastly. It's a good thing that people in China can do things for me instead of me being forced to pay absurdly high USA/Canadian pay rates for indifferent products. The greedy 99%ers were overpaid and now they have some competition which raises the 2 billion but the 200 million lose out. I favour the 2 billion not the 200 million. 2 billion people heading for middle class is much better than 200 million maintaining their excessive wealth at the expense of the 2 billion. Regarding the "wealth gap", of course it's increasing and a good thing too. With 6 billion people now in the market, it takes only $100 from each person for something like an iPhone and hey presto, somebody has earned $600 billion. That's quite a gap compared with a wealthy person 50 years ago who could make a gadget for 10 million at $100 for $1 billion. $600 billion is a bigger wealth gap than $1 billion. It's better that 2 billion people benefit than 10 million. One person can invent a Cyberspace service and if paid $1 by 6 billion that's $6 billion and quite a "wealth gap". If the whining 99%ers don't want to pay the $1, they don't have to. They are welcome to do something useful too though their attitude suggests they have a deficit in thinking which would preclude that. The wealth gap means there are enormously valuable things which can be achieved. Hooray for the 6 billion, down with the 99%ers. Mqurice

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