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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Logain Ablar who wrote (72592)	12/31/1999 9:42:00 AM
From: Les H	Respond to of 132070

There's also a lot of variance in incomes by region, especially when there are depressed sectors such as agriculture, energy, and minerals, in those poorer regions. On the other extreme, you still only need to earn $ 3000 a year in income to qualify to receive social security and medicare. The other side of the net wealth equation is the high level of debt. When the equity held in personal residences keeps declining each year and most cars are now leased not owned, is it any wonder. Most people don't own the new cars they're driving around in. Income redistribution doesn't work as long as people give money away to the newly minted stocks with no earnings, negative cash flow, and miniscule sales.