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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (125475)	10/6/2000 12:45:33 PM
From: david_langston	Respond to of 1570519

Ted, Theoretically, that may be true but in reality I suspect a person with a lot of assets has a high income if for no other reason than its needed to service at least some of the debt on those assets and to pay for the lifestyle that that level of asset accumulation encourages. :~)) Geez, we may not be talking about the same thing here. Wealth is net wealth (at least to me). "Debt on those assets" means zero net wealth. You obviously haven't read or don't believe in The Millionaire Next Door". People who have accumulated wealth slowly or with difficulty won't have what is considered a high lifestyle. I doubt that many (even most) people with high lifestyles are wealthy. They are either in debt or are spending income, not accumulating wealth. Now maybe you understand my frame of reference. Dave