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My wealth and income are up. My rich neighbor’s income and wealth are up by more. Am I “losing ground?”
This is the argument the Left makes on “income distribution” – people are better off than they were, but some people are “more better off than others.”
So if you have a satellite dish, high speed internet, a high definition TV, and have a bigger and better house and take better vacations than your parents, AND have a much higher liquid net worth, that somehow “doesn’t count” because some rich guy made all the same gains AND has a couple of yachts on top of it?
Should we care about how we are doing relative to how we used to be doing or otherwise would be doing or only relative to some rich guy?
Would you rather be WORSE off and have the rich guy go belly up?
http://www.freerepublic.com/focus/f-news/1229294/posts
http://www.nytimes.com/specials/downsize/21cox.html
http://www.bls.gov/opub/mlr/1988/05/art1full.pdf
http://www.frbsf.org/econrsrch/wklyltr/el97-07.html#winners
http://www.dallasfed.org/fed/annual/1999p/ar95.html
It isn’t you we liberals are concerned about. It’s the 2 income families with children that are fallen into poverty.
The percentage of children raised in poverty grows larger every year.
You go ahead and worry about your rich guy – we know it’s the main goal of the Republican party to make sure he doesn’t suffer. We Democrats will look out for everyone else.
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