On Fri, Apr 17, 2009 at 7:48 PM, Gruss G wrote: > > Between 1929 (the last crash ... coincidence??) and the mid 1970s > income disparity was FALLING. >
> But SINCE the mid 1970s the richest 1% went from earning under 10% of > income to over 20% today. > Not surprising, median income FELL over Bush's term. > > Where'd their money go? To the rich of course. The top got richer, no doubt, but that has more to do with globalization and the rise of the information society than any government policy. Anyone can trade stocks today, but only a few people can trade stocks well enough to make real money. Anyone can try outsourcing to India, but only a few companies really make it work for them. Winners and losers will still be winners and losers, whatever the rules of the game. Raising taxes on the rich is only going to encourage them to flee to tax havens, which is why the Obama Admin is demanding our Carribean neighbors change the corporate rules (remember that issue?). Trying to punish the winners in the name of "fairness" is only going to encourage them to take their marbles and go play elsewhere, it is a fool's errand. So good luck with it. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:295396 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
