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To: RetiredNow who wrote (62359)11/7/2002 8:38:04 PM
From: TigerPaw  Read Replies (3) | Respond to of 77400
 
We have to preserve the dream of becoming rich, while ensuring that the system isn't so completely rigged in favor of the rich.

In engineering terms you are describing a negative feedback arrangement, an important tool for stability in an amplified system. Simply put, once someone becomes rich it becomes increasingly more difficult to become richer. The current scheme is a positive feedback system where the rich get power, exclusivity, and lower overhead. One of the most direct and easiest negative feedback systems to implement and maintain is a progressive income tax. There are other methods, but they get increasingly complicated and easier to cheat on.
TP



To: RetiredNow who wrote (62359)11/8/2002 8:29:20 AM
From: kvkkc1  Respond to of 77400
 
Even though Gates remains a multi-billionaire, he is about 50% lighter in his pocketbook than he was a couple of years ago. With the median income level rising among the masses, except for the past year, it seems that the rich are getting poorer at the expense of the poor.



To: RetiredNow who wrote (62359)11/12/2002 9:19:09 AM
From: willcousa  Respond to of 77400
 
I think you misunderstood my point - my bad. My point is that the statistics need more analysis and should not be accepted as proving anything without more. Further, inflation alone, which we always have to some extent, will cause the rich to appear to be getting richer the way the statistics are used.