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Response to Karmadillo (Reply #9)

Fri Apr 13, 2012, 10:44 AM

10. This is something you see in any serious economic downturn.

If you had a net worth of 40K, it can be wiped out to zero. If you had a net worth of 50 million and it goes down to 30 million, your percentage of the pie is infinitely higher than the middle class person whose net worth is zero.

It's basic mathematics.

Large swaths of the poor and middle class are completely wiped out in a major recession or depression. Since the rich are invariably hurt but not wiped out, it skews the ratios of which group has what percentage of wealth.

The truth is much simpler than what Stoller or anyone else with an agenda can write.

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ProSense Apr 2012 OP
TBF Apr 2012 #1
SammyWinstonJack Apr 2012 #17
TBF Apr 2012 #20
Justice4allofus Apr 2012 #2
ProSense Apr 2012 #3
Karmadillo Apr 2012 #21
whatchamacallit Apr 2012 #4
bluestate10 Apr 2012 #24
Karmadillo Apr 2012 #5
LineLineNew Reply K
Gold Metal Flake Apr 2012 #7
ProSense Apr 2012 #8
Karmadillo Apr 2012 #9
LineLineLineLineNew Reply This is something you see in any serious economic downturn.
stevenleser Apr 2012 #10
Karmadillo Apr 2012 #11
stevenleser Apr 2012 #12
Karmadillo Apr 2012 #13
stevenleser Apr 2012 #16
Karmadillo Apr 2012 #19
bluestate10 Apr 2012 #26
ProSense Apr 2012 #35
bluestate10 Apr 2012 #25
Karmadillo Apr 2012 #36
uponit7771 Apr 2012 #6
BlueIris Apr 2012 #18
Egalitarian Thug Apr 2012 #14
LineLineNew Reply .
ProSense Apr 2012 #29
begin_within Apr 2012 #15
paulk Apr 2012 #22
bluestate10 Apr 2012 #27
ProSense Apr 2012 #30
paulk Apr 2012 #32
ProSense Apr 2012 #33
bluestate10 Apr 2012 #23
RainDog Apr 2012 #28
sabrina 1 Apr 2012 #31
ProSense Apr 2012 #34
Zax2me Apr 2012 #37
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