On Aug 24, 2012, at 9:31 AM, William Conger <[email protected]> wrote:
> No, I mean it Saul. I've said before that you'd need to spend about 37,000 > every day, 7 days a week, for 75 years to deplete a non-interest pile of one > billion dollars. Come on, now. These billionaires don't keep their billions in a back room with a big bad padlock on it, and nobody else can get to it. They aren't Old King Cole or Midas. Their money is invested somewhere, either directly in companies or in financial institutions or instruments that are used to fund companies, which hire people, buy supplies, build buildings, etc. The only difference between a billionaire and a middle-class or poor person is that the billionaire can do anything or buy anything he wants, whereas the middle-class person has to make decisions about what to buy, what quality, or where to go, and the poor person doesn't even have that choice. Your complaint about the vast difference in wealth come down, as I see it, to the differences in available options. | | | | | | | | | | | | | | | | | Michael Brady
