TIP: Click on subject to list as thread! ANSI
echo: askacop
to: RYAN BAGUEROS
from: RICH WILLBANKS
date: 1998-04-06 23:47:00
subject: Re: STREET PEOPLE

RB> Why do you think its a bell curve (which is what you're
RB> describing)? It isn't - 
RB> about 1% of the wealthiest people own about 80% of the
RB> world's wealth. Hardly a 
RB> bell curve. 
The problem is you are looking at WORLD wealth.  That
becomes a statistical trick.  Like this;
Do you know the city with the most millionaires?
Tokyo.  But most families living in Tokyo live in
apartments/condominiums that a single person in the US
would find crowded.  The reason that there are so many
millionaires is the fact that real estate prices shot
up so fast.  People who owned even the smallest
dwelling suddenly found that it was worth over a
million dollars(US). 
Now does that dwelling offer more then the apartment
you rent for $XXX.XX or the $XX,XXX.XX house?  Does
that person really control a million dollars worth of
wealth?
You have to look at money as nothing more a commodity
to be bought and sold.  If I have a watch that I like
and don't want to sell but you offer me $500 for it and
I sell it.  Lets say that you decided that you hate the
watch and try to sell it but I don't really want it
back but when I go down to $10 I buy it.  Now is it a
$500 watch or a $10 watch?
                      Remember:  Freedom isn't Free!
--- timEd-B11
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* Origin: My BBS * Dover, TN * (1:379/301.1)

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