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To: Baynative
A couple of things I noticed here... First off, the narrator uses "wealth" and "income" almost interchanably throughout the video.

More importantly, 2 of the 4 refences sited at the end of the video are "Mother Jones" and "Think Progress." Then there's cnn and a blog from a Dan Ariely.

This couldn't be skewed at all, could it?

Mark

73 posted on 12/29/2013 5:59:36 AM PST by MarkL (Do I really look like a guy with a plan?)
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To: MarkL
"This couldn't be skewed at all, could it?"

Most definitely. But, I thought it raised a good topic for discussion. For me it brought up the Hillary question: "What difference does it make?"

Liberals seem to look at the idea of wealth as if it all is from one pot and if a person is successful it must mean that there is less money for someone else. But with instant multi billionaires like the twitter guy coming out of nowhere they can't define who ended up on the poor house because of him.

74 posted on 12/29/2013 6:38:24 AM PST by Baynative (Guns have only two enemies: rust and politicians.)
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To: MarkL
The main problem is that there is no way to assess an individual’s wealth that I know of other than a personal balance sheet. The tax system does not require the filing of a balance sheet by an individual.

The next problem is that the original chart is not normalized for age. It's hardly surprising that the cohort under 25 is not wealthy. The problem is that that is almost a third of the total.

If I were asked to grade or critique this guy's work I would tell to go back and seriously analyze the ebb and flow of wealth. Unfortunately I doubt that anyone can find the real wealth (net asset value) of more than a handful of Americans.

75 posted on 12/29/2013 7:36:42 AM PST by BillM (.)
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