Quote:
Originally posted by Spanky
When they use these stats it implies that the rich are getting rich and the poor are getting poorer. That is not the case. The only stat that really has any significance is look to are every quartile of income and see if people are getting better off. As long as the prospects of the bottom fourth are getting better who cares how much the rich are getting. That is just political exploitation of people's envy.
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I think the percent increase is larger as well, contrary to your example.
Also, there are legitimate problems with increasing divisions of wealth. Doesn't mean the fix is better, but those divisions can create societal problems. A rising tide may lift all boats, but some of them may still be rotting in the hull.
