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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: willcousa who wrote (329595)	12/16/2002 5:32:19 PM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 769670

No. Re: "If I earn 1 and you earn 3 the gap is two." >>> But you ignore what I said. The measures I was referring to are of CAPITAL OWNERSHIP... not annual income. It's a quite different thing. (For example, under the new tax laws, Roth and 401(k) retirement accounts are inheritable tax free. This will greatly concentrate Capital ownership in certain hands... but it IS NOT counted as INCOME.) Re: "If inflation the next year is 100% then I earn 2 and you earn 6 and the gap is 4. So the gap has doubled from 2 to 4." >>> Like I said, I was looking at CAPITAL OWNERSHIP levels in the society... so this has no effect on the statistics. >>> But, even if one were to look only at annual income, and not at capital ownership, than you should only look at REAL (inflation-adjusted) numbers, not at nominal numbers. >>> My observation does not rely upon inflation for it's conclusion that wealth is becoming increasingly concentrated.