From: Adam 

Ellen K. wrote:

> Wealth and income are not the same thing.  Some people (trust-fund
> babies) have a lot of wealth but little earned income.  Other people
> have an income which may be in the higher percentiles of income but not
> much wealth.
>
> In order to maintain independence in one's old age, it's necessary to
> accumulate sufficient funds to provide sufficient income for the time
> when one can no longer work and may have significant care expenses.
>

Then most are doomed esp as medical events occur with increasing frequency
& seriousness as one ages.



Adam


> On Mon, 02 Jan 2006 14:08:47 -0800, Tony Williams 
> wrote in message :
>
>
>>I thought that term might catch your eye. The problem is that the
>>rewards become disproportionately large, leading to huge amounts of
>>wealth locked up in the bank accounts of a tiny number of people.
>>
>>Success should be rewarded of course, but the scale of the rewards has
>>gotten out of control. In the present system once you've got a lot of
>>wealth it becomes easier to get more where it should really be the other
>>way around. A progressive tax system is a good way to achieve this.
>>
>>I rather like the idea of limiting compensation of the highest paid
>>staff to some multiple of the lowest paid.
>
>

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