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To: PoliSciStudent
There's something about that "80% of the wealth being held by only 2% of the people" citation that just reeks of bullsh*t, after all 62% of the adult population own there own homes. But I'll play along with the citation. Let's suppose that those 62% of these home owners still are financing 80% [I'm starting to tire of the percentage game here] of their home values through their bank. And most of these owners are making the mortgage payments with a paycheck that provides 100% of the crap that they need to live on [notice I didn't write "...want to live on."].

Who do you suppose provided the capital necessary to fund the firm that provided the job in the first place?

Finally, who provide the Treasury with the money - that was so frugally managed with superb stewardship I might add - that allowed the United States of America to train and maintain the best military in the world. The very military that protects our sovereignty and the very same freedoms that allow you to express your "class envy".

In a round about, indirect way, you're biting the very hand that feeds you.

164 posted on 02/13/2004 7:09:11 PM PST by LowCountryJoe (Shameless way to get you to view my FR home page.)
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To: LowCountryJoe
[I'm starting to tire of the percentage game here]

I wonder what percent of the population owns their mansions outright --- to me the wealthy are those who don't have to work for a living but can live comfortably off their investments or inheritances. The middle class requires a paycheck --- most would have mortgages and may have little net worth --- but accumulates some wealth through the years by paying off their mortgages so an income wouldn't be needed after they retire. The poor don't work but live off the rest of us, they rely on government handouts to live a comfortable life of leisure.

175 posted on 02/13/2004 7:30:09 PM PST by FITZ
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