Posted by AuntieMel on November 17, 2005, at 13:44:55
In reply to Re: just one more..., posted by alexandra_k on November 16, 2005, at 14:29:32
"Okay. So there *is* progressive taxation.
But then how come...
The distribution of wealth is still so imbalanced???"Now we are back to the book I recommended a while back, "Rich Dad, Poor Dad"
A lot of the problem is that those with money know how to handle it, amass it, make it work for them. And they pass this economic knowledge down.
Those with much less money never had that training.
Accumulating wealth has more to do with living habits than earning potential. Read also "The Millionaire Next Door" - most millionaires don't *look* like millionaires - they shop at discount stores, buy used cars and generally just live below their means.
I can't see (except for the most destitute homeless) why anyone who makes ends meet couldn't do it on 5% to 10% less and save and invest the rest. It really doesn't take cutting much - a CD here, a movie there, a meatless night, whatever fits.
poster:AuntieMel
thread:578654
URL: http://www.dr-bob.org/babble/poli/20050924/msgs/579664.html