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#21
04-10-2007, 01:01 AM
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Re: The Truth About the Rich
Great OP.
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#22
04-10-2007, 01:53 AM
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Re: The Truth About the Rich
[ QUOTE ]
[ QUOTE ] This doesnt seem that surprising given that we are only talking about households with > 1M in net household assets. [/ QUOTE ] How do you think the numbers would change if you went to, say, $100MM? [/ QUOTE ] I don't know. My guess is that the vast majority of those people are largely self-made.
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#24
04-10-2007, 01:38 PM
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Re: The Truth About the Rich
[ QUOTE ]
 [/ QUOTE ] This chart, and especially the fact that it only covers a mere 21 years, not even one "generation" (gen. meaning parent to child), is one of the most convincing and blistering demolitions of most of the anti-capitalist propaganda Ive ever heard or read. It jumps out and says to me, "Congratulations capitalism!" Thank you for posting this.
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#25
04-10-2007, 01:56 PM
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Re: The Truth About the Rich
I'm a capitalist, but I don't read the chart in quite the same way others here are. I see that more people stay in their quintile group than move to any other group. And that this is most pronounced for the poorest and richest quintiles.
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#26
04-10-2007, 02:03 PM
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Re: The Truth About the Rich
[ QUOTE ]
I'm a capitalist, but I don't read the chart in quite the same way others here are. I see that more people stay in their quintile group than move to any other group. And that this is most pronounced for the poorest and richest quintiles. [/ QUOTE ] How do you think the numbers would change as economic freedom increases or decreases? What do you think the numbers should look like?
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#28
04-10-2007, 03:02 PM
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Re: The Truth About the Rich
[ QUOTE ]
I'm a capitalist, but I don't read the chart in quite the same way others here are. I see that more people stay in their quintile group than move to any other group. And that this is most pronounced for the poorest and richest quintiles. [/ QUOTE ] Over a very tiny section of time...
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#29
04-10-2007, 03:09 PM
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Re: The Truth About the Rich
[ QUOTE ]
[ QUOTE ] I'm a capitalist, but I don't read the chart in quite the same way others here are. I see that more people stay in their quintile group than move to any other group. And that this is most pronounced for the poorest and richest quintiles. [/ QUOTE ] Over a very tiny section of time... [/ QUOTE ] Do you have data suggesting it is different over a larger amount of time? I'm curious.
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#30
04-10-2007, 03:12 PM
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Re: The Truth About the Rich
[ QUOTE ]
[ QUOTE ] [ QUOTE ] I'm a capitalist, but I don't read the chart in quite the same way others here are. I see that more people stay in their quintile group than move to any other group. And that this is most pronounced for the poorest and richest quintiles. [/ QUOTE ] Over a very tiny section of time... [/ QUOTE ] Do you have data suggesting it is different over a larger amount of time? I'm curious. [/ QUOTE ] The data given shows it. If it's 50% over 20 years it's gonna be like 25% over 40 years. This is pretty simple. Admittedly, I'm way over simplifying it, but it's certainly going to keep on going.
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Linear Mode
