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

To: d[-_-]b who wrote (159745)	2/2/2003 10:47:09 PM
From: tejek	Read Replies (1) \| Respond to of 1584007

I think we have Millennium's of data to support that. The difference is that in America anyone has the opportunity to become rich - as thousands of pennyless Immigrants have done for 200+ years. And every last one of us has that dream and doesn't want to be taxed to death when we get there. Tim and I have haggled this one over for a while but there is a study and a growing belief that not everyone can get rich in America. In fact, its been determined in a study that most of the wealthy inherit their money rather than get it by starting from scratch. Unfortunately, I have not been able to find that study. One other point......back in 1990, there was a report out that only twenty percent of the wealthiest Americans owned 80% of America's wealth. In 1998, it turns out that things have improved for the wealthy.....the top 20% now own 85% of the nation's wealth. That doesn't leave a lot for us poor folks to divide up........particularly if they keep gobbling up a greater percentage. holtz.org ted