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Politics : Formerly About Advanced Micro Devices
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To: Nicholas Thompson who wrote (687774)12/11/2012 11:45:34 AM
From: i-node  Read Replies (1) of 1578114
 
That Dallas FED report is 17 years ago, what about now? I understand that recent studies show that the ability of an individual in the USA to get out of the poorer class has dropped sharply in the last 20 years , and many countries in Europe have better opportunities now including Germany, France , sweden and Denmark.

I have no idea about the answer to your question or whether there is updated information available.

But these things are transitory in nature. If people are unable to get out of poverty today, one has to ask the question "why?". The money has been free-flowing, so it isn't that. We now have more one trillion dollars in school debt; a single mom making $29,000/year can actually have enough freebies to live like someone making $69,000 a year (significant increase since I was ridiculed on this very thread by the same liberals who are now here after pointing out that a person can easily take down $30k a year in freebies). Obviously, free money doesn't solve the problem.

I think the so-called income disparity is so much bull, myself.

If you carve out a few exceptionally wealthy outliers, I'm not sure it has changed much at all over the last 100 or so years -- other than the poor live better than at any time in history, and the American poor live better than the poor in any country in the world.
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