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Re: DesertDrifter post# 115269

Monday, 06/26/2017 2:29:33 PM

Monday, June 26, 2017 2:29:33 PM

Post# of 122337

Do you really believe that the richest are entitled to an even bigger piece of the pie of the bounty that is the U.S.?



Most of that "bounty" is asset based. Do I believe Mark Zuckerberg or Jeff Bezos are entitled to their fortunes that are growing year by year? I really can't say because they are the beneficiaries of the increased value in the stock of their companies which is driven by the decisions of investors. Would it be better if those prices were falling? Most of the increase in wealth in the USA since the 1980 has been the rapid increase in asset value. When you argue that the wealthy aren't entitled to their wealth you are essentially suggesting that asset appreciation is unfair. I suppose it is unfair if you don't own those assets, but I'd suggest that what would be worse is a collapse in those asset values, then you'd really see chaos in our economy.

“A bank would never get away with what the Department of Education is doing.”

Sheila Bair

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