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

To: TimF who wrote (242628)	7/21/2005 10:32:09 PM
From: TigerPaw	Read Replies (1) \| Respond to of 1571689

That ignores the fact that none of these groups are actually the same people over time. The wealthy, as a group, are remarkably stable. That is because they enjoy a positive feedback cycle which helps them preserve and promote their wealth better than those with less resources. The wealthy families of a hundred years ago are by and large the wealthy families of today.

To: TimF who wrote (242628)	7/22/2005 1:39:13 AM
From: tejek	Read Replies (1) \| Respond to of 1571689

Yes. It is. I have posted two articles that describe the phenomenon very clearly. You have posted two articles that say the rich are getting richer faster then other groups, and that some other income groups aren't getting richer at all. That ignores the fact that none of these groups are actually the same people over time. More importantly it doesn't demonstrate or even suggest that the rich are getting richer at the expense of the other groups. If you get a big raise and I get a paycut, or if your investment pan out while mine go in the toilet, its unlikely that you are getting richer at my expense. On the contrary, it does.......as I have pointed out previously, the rich are not only getting richer, they are gaining a larger and larger share of the total pie. With the growth of the overall population, that insures that the rich are taking share from the non rich. ted