[EMAIL PROTECTED] wrote: >so if the bottom 80% ends up with 'more' (even though it's a >smaller portion of the total ) , it's a worse situation ? People judge their welfare in large part against their peers, not some absolute transhistorical standard. So if the rich get way richer, and visibly so, and everyone else gets a smidgen richer, then, yes, most people would feel poorer. Even Adam Smith agreed. Doug
