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

To: TimF who wrote (158327)	1/17/2003 8:52:14 PM
From: TigerPaw	Read Replies (1) \| Respond to of 1574249

Many children or at least great grand children of the rich are not themselves rich. How many poor Rockefellers,or Mellons, or Waltons are there? None I venture. TP

To: TimF who wrote (158327)	1/17/2003 8:57:19 PM
From: TigerPaw	Read Replies (1) \| Respond to of 1574249

an attempt to impose equal outcomes I think it is worthwhile to make a distinction between equal outcomes on individuals, versus aggregate outcomes for groups. The current processes for facilitating racial integration tend to prescribe a particular formula in each case. This is an attempt to avoid the poll tested buzzword of quota. The most quickest and most effective solution however is to just focus on the goal and let the participants move toward the goal in the way that works best in their situation. Of course there would have to be carrots and sticks to keep the process moving. TP

To: TimF who wrote (158327)	1/20/2003 12:26:29 AM
From: tejek	Read Replies (2) \| Respond to of 1574249

Many of the wealthiest people in the country have poor or middle class parents. Tim, you keep saying the above but like I've said before, that has been debunked to some degree by a recent study. While below is not that study, the info provided by Forbes magazine concludes that nearly half of the wealthiest people inherited their wealth. That means "many" wealthy people were not self made as your statement suggests, or in your post 158399 where you use the word "most". The study I heard about actually takes it a step further and says that a majority inherited their wealth, and minority were self made. ted _______________________________________________________ geocities.com Rush Limbaugh's 35 Undeniable Truths - Debunked 1. There is a distinct singular American culture - rugged individualism and self-reliance - which made America great. 1. This is true. The Expert says, "On this one, Rush is right." 2. The vast majority of the rich in this country did not inherit their wealth; they earned it. They are the country's achievers, producers, and job creators. News Flash - Up-Dated 12/26/98. According to Forbes: 104 people on the 1998 Forbes 400 list inherited their fortune. Another 67 people are listed as, "Built up inheritance." They started with a large inheritance and increased their holdings. The list indicates Ted Turner as "self-made", the information fails to mention he started with a business worth $2 million that he inherited from his dad. A total of 172 people, including Ted Turner, are listed as either inherited their money or they used inherited money for a start. 172 equals 43% of 400, therefore only 57% of those listed did not inherit their money. I do not consider 57% a vast majority. Of the people listed as "self-made" it is almost certain that several of them inherited a large sum of money that is not included in the information on the Forbes list. Here is the link, check it out yourself. Forbes 400 list or Search Forbes 400 list Have fun...... 2. Look at the Forbes 400 Richest Americans List. At least 43% of the people on the list are heirs of previous generations of the wealthy. Although they may not have inherited a large quantity of money some of the so called, "self made" people, had a great deal of monetary assistance from wealthy parents or other relatives. The statement, "The vast majority of the rich in this country did not inherit their wealth; they earned it.", is false. "They are the country's achievers, producers, and job creators.", is mostly false. Many of the wealthy live a lavish life style and do little that helps the economy. The Expert says, "On this one, Rush is wrong."