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Robert Green Robert Green is offline
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Default The Price of Plutocracy

"Douglas Johnson" wrote in message
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"HeyBub" wrote:

Let's say that sometime back the total wealth of a community was, oh, $1
billion divided 70-30 between the rich and the poor. Further, let's say

that
today the wealth of that same community is $2 billion, divided 90-10.

Obviously the rich got richer. The poor probably got richer, too, but by

not
nearly as much. Liberals see this as a grievous wrong, but they don't see
the obvious: The total wealth of the community DOUBLED but the poor did

not
get a similar percentage increase. Why?


Somebody is arithmetic challenged. In the first case, the poor have $300
million and in the second, $200 million. They definitely did not get

richer.

More than arithmetically challenged, I fear, based on his understanding of
the difference between creating wealth and transferring wealth.

--
Bobby G.