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Ron Paul poised to take on the Fed at head of financial subcommittee
#14
RE: Ron Paul poised to take on the Fed at head of financial subcommittee
(November 28, 2010 at 1:00 pm)Arcanus Wrote: I would love to know what this mysterious, non-arbitrary number is that classifies "the rich"

I think the debated $250K a year in household income line is a conservative place to draw. Top 2% of incomes that now control half the wealth in this country might be another.

Quote:and why the left persists in racial and class warfare.

Oh good God man, why can't you acknowledge what already exists. Class warfare has been raging for 30 years now. The rich have been getting richer (the only economic effect of tax cuts) and the middle class is disappearing. The class war has been on for three decades now and the people are losing.


Quote:But less generally to your point, in what way does "the rich" use more law enforcement, more military protection, etc.?

They have more stuff. Ergo, they have more to protect and more to lose.

Quote:Incidentally, anyone who earns above $45,000 per year are in the top 1.7% of the richest people in the world (Milanovic, B. [2000]. "True World Income Distribution, 1988 and 1993: First calculations based on household surveys alone." World Bank Development Research Group. p. 30).


Bold emphasis mine. Good use of misleading statistics there.
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RE: Ron Paul poised to take on the Fed at head of financial subcommittee - by DeistPaladin - November 28, 2010 at 3:21 pm

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