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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: Ann Corrigan who wrote (19030)	12/7/2003 9:55:29 PM
From: kumar	Respond to of 793681

China's average income: $849 per yr; Norway's avg income: $35,500 vs USA's avg income: $34,500. It is my belief, that those numbers dont mean much. Its a matter of "Income vs Expense". As an example - my parents in India live very comfortably, on about US$300 per month.

To: Ann Corrigan who wrote (19030)	12/7/2003 9:58:47 PM
From: Sam	Read Replies (2) \| Respond to of 793681

Norway's avg income: $35,500 vs USA's avg income: $34,500. Norway's system is somewhat socialistic, is it not? Yes, well, Norway has not too many people and lots of offshore oil, hence they can afford their "socialism." Which isn't to say that I disagree with your statement that "A compromise between Capitalism & Socialism is the wisest & most humanistic course." I don't. The ideas of a progressive tax system and fair estate taxes which maintains strong middle classes, makes it easy to be middle class but hard to be really really wealthy and even harder to pass pass that wealth on for more than a generation or two without institutionalizing it, seem to me to be key to that course. OK, I know I just put myself on the dunking chair.<g>