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your own numbers refute that. look at your original percentages. do basic math. the amount the wealthy control has almost tripled, but the amount of overall
by nazgulnarsil 18y ago
your own numbers refute that. look at your original percentages. do basic math.
the amount the wealthy control has almost tripled, but the amount of overall wealth has almost quintupled.
imagine that the nation's wealth is represented by a dollar and I control 8% of it. Over time the wealth of the nation doubles but my percentage control has grown to 22%.
before I got 8 cents and the rest of the nation got 92 cents to share.
now we have 2 dollars that I get 22% of...44 cents.
the rest of the nation now has $1.56 to share. Discounting the fact that i'll probably reinvest part of my 44 cents, the nation is still much wealthier than before.