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Wealth is relative. Since the Baby Boomers' DoB, many people have got wealthier, many more have got poorer. This is not coincidental.
by mellow 18y ago
Wealth is relative. Since the Baby Boomers' DoB, many people have got wealthier, many more have got poorer. This is not coincidental.
- hugh 18y agoWealth is absolute. Since the Baby Boomers' DoB, many people have got wealthier, very few have got poorer.
- Retric 18y agoOutsourcing our manufacturing base has reduced the inflation adjusted income of a lot of people.
- hugh 18y agoI'm talking in a worldwide context, not a US one.
- mellow 18y ago'Wealth', as in how many Yankee dollars you have is relative. I understand all the arguments about absolute wealth, and it is true that my parents (and I) are absolutely wealthier than 60 years ago. Now, here this: millions of people are starving to death every year. Starving from lack off food, water, ideas and hope. And Obama isn't gonna change it one bit.
- ryanwaggoner 18y agoInteresting how you roped Obama into the discussion, despite it being completely irrelevant. And it's true that millions of people are starving every year, dying of preventable diseases, etc. But those things correlate strongly with extreme poverty, and the number of people in extreme poverty has dropped dramatically over the last 25 years and continues to drop.