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Old June 29th 08, 04:26 PM posted to rec.radio.shortwave
Billy Smith Billy Smith is offline
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First recorded activity by RadioBanter: Jul 2006
Posts: 418
Default OT) Who Owns America's Wealth?


"Dave" wrote in message
...
On Sat, 28 Jun 2008 16:16:44 +0000, D Peter Maus wrote:

Dave wrote:
dxAce wrote:

Dave wrote:

dxAce wrote:
Tex wrote:

The top 10% own 72% of the wealth.

The rest of the 90% own 28% of the wealth.

The top 1% owns 37% of the wealth.

1% of Americans own more wealth than the entire 90% of the rest of
Americans (37% vs. 28%).

Source: The Federal Reserve

Whens the last time a rich person did anything for you? Yeah me
neither.
So what you're saying is that you want some of the wealth without
working for
it?
Like you do?

Me? I worked for mine! I suggest that you get your shine box out and
join M II out
on the corner and get busy, boys.


Bull****. You were just bragging about your profits from some kind of
oil deal while sitting on your well rounded bum.



So what? If he's invested well, and profited from his investments,
he's earned the profits. It's part of the process.



Why should that **** you off? And why is it any of your business?


Ace is an ass, and he lies. That's what "****es me off". People who
defend the plundering of this formerly great country **** me off. You
don't even realize how ****ed we are. None so blind... They know not...


Dave, we've disagreed before but I have to totally agree with you on this
issue. Somethings not right here in the good ole USA. Its getting ready to
fall quite hard into something less than we've had in the past. The stock
market is currently being propped up by the Fed printing all kinds of money
and giving it to the brokers, bankers, etc. Which explains a lot why gas is
over 4 dollars a gallon since more money creates inflation without a surge
in production and wealth creation. Its the middle class in the country
responsible for creating the economy since they are the consumer class that
buys the products that create the jobs. The rich while having the money to
create jobs through profit, can't make the consumer buy anything. Right now,
we are in a very precarious position due to our national debt, job losses,
manufacturing employment losses, and lack of creative solutions to the gas
price problems and our dependence on imported goods. We don't create much
here anymore of any value with the exception of some services and light
manufacturing. Not a portrait of a decent economy.

Check out www.economyincrisis.org and thats a great site to see the true
picture.