Cooper on SUVs

Brett Knowlton brettk at unica-usa.com
Tue May 23 11:31:41 PDT 2000


Brad,

It depends on your point of view. For the average person, an income of $100,000 a year seems like a lot (and it is). But these folks are nowhere near as wealthy as the multi-millionaires of the world.

Look at it this way - people who make $100,000 a year can claim with some justification that they have earned it. In other words, the compensation isn't way out of line with the amount of labor they put into the economy (obviously there are exceptions, but in general this is true). But the same can not be said of a multi-millionaire, or of super-rich fat cats like Warren Buffett or Bill Gates. These folks make their money almost exclusively off the labor of others.

Brett


>>...those with $100,000.00
>>annual incomes are apt to be political supporters of the rich, they are
>>not themselves rich and it really twists consciousness of social
>>dynamics to pretend that they are.
>>
>>Carrol
>
>Wow. That people claim that "those with $100,000 annual incomes...
>are not themselves rich" shows how astonishingly wealthy this society
>has become... and how weird our perceptions are...
>
>Brad DeLong



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