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


To: Road Walker who wrote (181432)1/23/2004 6:43:11 PM
From: tejek  Respond to of 1572472
 
re: Because the rich are getting richer at a faster rate than we are adding wealth.

From the wsj this morning, in Q403, earnings of the bottom 10% of workers declined 5% while earnings of the top 10% increase 1.5%. It's a trend, not just a data point.


John, back in the early nineties, I read an article that carefully showed how a greater %tage of the nation's assets increasingly were concentrated in the hands of a smaller %tage of the wealthy. This is not news........the lower classes tend to improve during econ. expansions but then suffer disproportionately during recessions while the rich keep getting richer.

Nonetheless, the rich will whine and whine about their tax load. Its the biggest scam.......and then you have these wannebee rich defend the super rich and disparage all taxes that are paid as if they are about to join the ranks of the super rich. Its the ultimate joke! Unfortunately, it causes me to projectile vomit! LOL!

It takes real class for the Buffets, Soroses and Gates to admit the obvious! They are at least smart enough to recognize they have a good deal going.

ted



To: Road Walker who wrote (181432)1/26/2004 2:39:22 PM
From: TimF  Read Replies (1) | Respond to of 1572472
 
In Q403 shows a data point not a trend. A real trend would be one that lasted over at least a couple of full economic cycles. Also it would have to adjust for things like new immigrants.

Tim