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

To: steve harris who wrote (316891)	12/26/2006 4:39:17 PM
From: tejek	Respond to of 1576858

exactly how are the rich taking away from the poor since the poor have nothing? By your own admission, you're poor, steve, and you have something: However, as far as I know, economists like Krugman were never claiming that issue. Instead what they were saying is that "the richer are getting richer at the expense of the poor". And you know what Tim, your guy proved their argument too and I don't think he even knows it. He did it by breaking out the changes in income from the lowest quintile to the highest quintile for the period from 1970 to 2000. Let me break it out for you: From 1970 to 2000, the lowest quintile saw an increase of $1100, or 8%. The next lowest quintile saw an increase of $3900, or 13%. The middle quintile saw an increase of $5,900, or 15%. The second highest quintile saw an increase of $12,700, or 25%. The highest quintile saw an increase of $48,800, or 54%. It sure looks to me like that highest quintile is kicking the piss out of the lower quintiles but then that's just me. dev.siliconinvestor.com