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View Diary: Bottom 60% of Americans lost wealth between 1983 and 2009 (63 comments)

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  •  The graph is understandable.. (0+ / 0-)

    .. it's a message..

    Now, normalize for age(as mentioned) - as in, a 20 year-old is supposed to have a fraction of the wealth a 50 year-old has..

    Then account for a tax-system that subsidizes those with low wealth, and progressively taxes those with wealth..

    Then account for the fact that some people are just more motivated and productive than others..

    Then superimpose that we still live in a capitalist system.. ie... A company owner who employs 100 people, HAS to have much more wealth than the employees, if by nothing other than the net-worth that makes up the company, that provides the jobs... and the graph "flattens" out, considerably.

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