Income Inequality
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Income Inequality

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    Senior Member SBjet's Avatar
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    Default Income Inequality

    Nice article from the Wall St. Journal. Puts a lot stuff together on why inequality happens, and why to avoid the knee-jerk Dem. response.
    Gramm and McMillin: The Real Causes of Income Inequality - WSJ.com
    This one is for you, ram.
    Quote Originally Posted by Tom Brown View Post
    I'm still chuckling at being "poo-pooed" for straying off topic. Awesome.

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    Red Blooded American The Doctor's Avatar
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    Although the actual numbers may vary, it's a simple fact that, in every single free society in our earth's history, 20% of the people end up with 80% of the money while the remaining 80% of the people are left to fight over the remaining 20%. Those with greater productivity, ingenuity, intelligence (not 164,) creativity, risk takers, etc. have always been rewarded far better than those willing and happy to fill a space in society. It's human nature.
    The best things in life aren't things!

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    Already miss the 310/562 2manymustangs's Avatar
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    Quote Originally Posted by The Doctor View Post
    Although the actual numbers may vary, it's a simple fact that, in every single free society in our earth's history, 20% of the people end up with 80% of the money while the remaining 80% of the people are left to fight over the remaining 20%. Those with greater productivity, ingenuity, intelligence (not 164,) creativity, risk takers, etc. have always been rewarded far better than those willing and happy to fill a space in society. It's human nature.
    Isn't that what Floyd Wickman used to tell us in R.E. sales training classes?

    The old 90/10 or 80/20 rule...
    Pat Eason, the voice of reason...

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