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Old 03-09-07, 02:52 PM   #9
waste gate
Stowaway
 
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Quote:
Originally Posted by Skybird
In statistics, a mean value alone is worth nothing. The question is not so much how much wealth there is if all is added together. The question is how it is distributed. Googling this, I found many statistics basing on data from 1983, 2001 and 2004. I just link to two of them.

http://sociology.ucsc.edu/whorulesam...er/wealth.html

And this one I also give, I found the data it expresses and presents so clearly, being mirrored by more "academical" sites as well (or better said: the clear graphics in this linik mirrors their data).

http://www.faculty.fairfield.edu/fac...ome&wealth.htm

Let's also mention that the majority of circulating dollars are outside the US, that the US is world record holder in national deficits, and that if China would decide to get rid of it'S dollar reserves this would be a doomsday scenario for the US as a global economical and financial actor. What we have seen two weeks ago was a very, very minor warning signal.

The increasing spreading between the rich and the poor is no exclusive US phenomenon. It is happening in Europe in general and Germany in special as well. On the global scale, some weeks ago the following formula circulated through world medias: the globe's top 1% of population owns more than 50% of the golobe's wealth. Whereas roughly the lower half (50%) of global population owns only 1% of the global wealth. This trend is increasing in contrast worldwide. Hardly a sign for a well-functioning system.
If this was a 'fair and equitable' world your argument may have some value. If someone told you that it was a 'fair and equitable' world you were lied to. Redistribution of wealth is a recipe for disaster and I think you know it. There have always been the very wealthy and the very poor. Punishing people for working hard in their field is not 'fair and equitable'.

Over all the report indicates that US citizens are better off financially than they have been in the past. The fringes will always exist.
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