[Steve] > What happens when a few hundred people own pretty much > everything? Would even THAT be a problem for you?
That's hard to say. But we should look at some more plausible scenarios. First of all, let's deal with the current 1% vs. the 99%. 1% of 350 million people is 3.5 million, so we're a long way from "a few hundred people owning pretty much everything". Secondly, some of the top 1% couples have no children, some have children who don't in turn have any children, some have lots of children, but say on average a rich couple has 2 children who marry and also have two children in the lifetime of the original couple. So the wealth of this original couple is now divided amongst 10 people (& amongst 22 a generation later.) Thirdly, what do the rich do when they own pretty much everything? Bill Gates isn't going to do very well when only a few hundred of his friends can afford a computer. Fourthly, people often assume the top 1% (or .01%) is static. Not so. There are frequent stories about those who have made & lost a fortune; about sports or entertainers who once made millions of dollars a year, now selling their Super Bowls rings on eBay. Fifthly, if I'm renting, do I care if my landlord owns just 1 rental unit or 50? Maybe if she owns 50, she doesn't have to make as much a profit on each one, so I get lower rent. In short, I don't see all this as a major problem. Craig Moq_Discuss mailing list Listinfo, Unsubscribing etc. http://lists.moqtalk.org/listinfo.cgi/moq_discuss-moqtalk.org Archives: http://lists.moqtalk.org/pipermail/moq_discuss-moqtalk.org/ http://moq.org/md/archives.html
