Another side note: The poor in the US were becoming extinct thanks to "trickle down" Now they are accelerating towards a majority thanks to the new failed redistribution plan Amazing how much Change can take place in such a small amount of time.
. On Tue, May 10, 2011 at 7:09 PM, Medic <[email protected]> wrote: > > Side note: It's Posh that spends her money on Becks. She has always had > countless times more wealth than he. He is the arm candy in that > relationship. > > > > On Tue, May 10, 2011 at 6:40 PM, Gruss Gott <[email protected]> wrote: > >> >> Judah McAuley <[email protected]> wrote: >> > >> > It'll be curious to see how things change as the profile of the MLS >> > grows in the US. >> > >> >> It will - it could be called the talent-pay revolution, exacerbated by >> credit. >> >> This is very likely a key insight into why "trickle down" economics >> hasn't worked: as the World has moved from capital-controlled to >> talent-controlled we've shifted the capital not to the best >> allocators, but to the best talent. >> >> The problem there is they can usually only do one thing well and that >> usually isn't anything infrastructure can be based on. >> >> Example would be Beckham. He spends his money on Porsches and Posh's >> clothes, mostly a consumer activity and nothing that could be used as >> a foundation to grow wealth; i.e., his consumption doesn't create >> innovation or infrastructure. >> >> Further, we really don't need Beckham to enjoy soccer or Immelt to >> enjoy GE. They may be good, but the World's graveyards are full of >> indispensable men. These sports/companies/functions will continue >> just fine without them. >> >> As wealth becomes more centralized in these few who provide back >> little, the ability of the economy to allocate capital to >> wealth-building erodes. >> >> At some point that trend results in a major economic structural change. >> ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:337669 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
