"HK" wrote in message
m...
Eisboch wrote:

"wf3h" wrote in message
...

as the nobel prize winning economist paul krugman pointed it, it's as
if for every year of the last 30, every middle class family sent a
check for $10,000 to the richest 0.1% of americans.

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Bull****.

"It's as if" is not "as it is".

The rich got richer because the world got richer. Wealth was created,
not redistributed from the middle class. I agree that wealthy people are
typically in a better position to gain more wealth through wealth
creation, but they are not "taking it" from middle class.

Where you people get this goofy idea, I don't know.


Kinda flies in the face of what you've accepted as your conventional
wisdom, eh?

The "middle class" is far worse off financially...where has its wealth
gone? Into the pockets of the wealthy.

Nonsense. The wealthy have increased their wealth at a rate faster than
inflation.
The middle class has not been able to do the same in many cases, although
over-all the middle class is still better off today than the middle class of
say, 30 or 40 years ago.

But don't confuse the issue. The wealthy (other than crooks and thieves
like Madoff) aren't taking money away from the middle class. They are
creating new wealth.

What is at odds with fairness is the ability to "get richer". The middle
class should enjoy the same opportunities in terms of fairness. Some do so
anyway and become wealthier. But the notion that those who acquired wealth
did so by taking it from the middle class is just plain wrong.

Eisboch