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Technology Stocks : Ascend Communications (ASND)
ASND 212.33+1.1%Nov 28 9:30 AM EST
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To: bucky89 who wrote (53428)9/1/1998 7:39:00 AM
From: Joseph G.  Read Replies (1) of 61433
 
The REAL statistics (not out of your imagination) are:
in 1929, top 5% of households received 30% of income;
in 1950's, top 5% of households received 20% of income (lowest share in US)
presently, top 5% of households receive about 27% of income

note "household", most rich people do not make their wives and children starve.

<<Today, maybe 70% of the population does.>>
It is also worth comprehending that one Bill Gates routinely sells 11,000,000 MSFT shares in one day - a sucker engineer works and saves for a year or two to buy just 100 of the shares Gates sold. Takes a million engineers, working hard and saving all they can, to buy the stock just one Gates sells. Add Allen, et al.
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