Quote:
Originally posted by poco_vino
I'm working on a deadline, so I can only post this once (stopped for a smoke break and read some of the latest posts)
I did the rearch, and it doesn't back up your claim.
"A 2002 study by Capgemini found that more than half of the high-net-worth individuals in the US were "new money", or self-made millionaires. Inherited money is declining as a share of wealth in the US, according to the study, accounting for fewer than 20per cent of high-net-worth individuals in 2002."
http://afr.com/cgi-bin/newtextversio...244973824.html
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This kind of misunderstanding can happen when one does spur of the moment "research."
Both roachboy and myself sit around and read about wealth inequality all day long. That's what we do for a living.
I'll point out that if you reread my posts rather than just that one line you will understand that I am referring to the top 1% of our economy. The quote you are plastering in here isn't remotely speaking to that issue (note: self-made
millionaires). If you think that comment is speaking about our top 1%, your concept of how much money and assets this group owns is out of touch with reality.
Actually, I probably shouldn't have even used the term "wage earner." it's hard when people start flinging terms around to keep on top of things and still use terms that everyone will be able to grasp without resorting to deconstructing the entire thread.
EDIT: damn, someone else posted that story about the woman getting into her boyfriend's new car, too. Run a search on it because I posted a fairly lengthy explanation back then. She must really get around the states for everyone to have the same anecdote...