Re: pro- foreign key propaganda?
From: Bob Badour <bbadour_at_pei.sympatico.ca>
Date: Tue, 27 May 2008 17:19:09 -0300
Message-ID: <483c6cbf$0$4079$9a566e8b_at_news.aliant.net>
>
> Are you suggesting pensioners hold the majority of stocks in the USA?
> I think you are badly mistaken.
>
> I did a quick google search and find the top two articles both said
> basically the same thing. Namely that wealth is concentrated in a
> small percentage of the population. Here's part of one web page:
> start quote:::
> MM: What portion of the wealth is owned by the upper groups?
> Wolff: The top 5 percent own more than half of all wealth.
>
> But the issue really is: where do the benefits of wealth go?
>
> and since this is way off topic in c.d.t, that's all I will say.
>
> Ed
>
Received on Tue May 27 2008 - 22:19:09 CEST
Date: Tue, 27 May 2008 17:19:09 -0300
Message-ID: <483c6cbf$0$4079$9a566e8b_at_news.aliant.net>
Ed Prochak wrote:
> On May 24, 10:22 am, Bob Badour <bbad..._at_pei.sympatico.ca> wrote:
>
>>goanna wrote: >> >>>In <4837296d$0$4034$9a566..._at_news.aliant.net> Bob Badour <bbad..._at_pei.sympatico.ca> writes: >> >>>>>>>>I think it only seems that way before one knows what metrics to use. >>>>>>>>Once one understands what to measure, everything becomes much more >>>>>>>>mechanical. >> >>>>>>>Well, how do you tell a good metric from a bad one? >> >>>>>>A good metric, like ROA, reflects the goal. >> >>>>>And how do you tell a good goal from a bad goal? >> >>>>In the private sector, that's easy. A good goal is one that maximizes >>>>shareholder value. >> >>>And here we have in a nutshell the now almost universally accepted core >>>of free market capitalism, US style: the one dimensional optimisation >>>of profit for the investor (which of course is just code for optimising >>>the profits of the parasite classes who steal from the real investors). >> >>So, the pensioners whose pensions hold most of the shares are parasites?
>
> Are you suggesting pensioners hold the majority of stocks in the USA?
> I think you are badly mistaken.
>
> I did a quick google search and find the top two articles both said
> basically the same thing. Namely that wealth is concentrated in a
> small percentage of the population. Here's part of one web page:
> start quote:::
> MM: What portion of the wealth is owned by the upper groups?
> Wolff: The top 5 percent own more than half of all wealth.
What makes you think pensioners cannot be in the top 5 percent?
Granted, Microsoft and Google have concentrated a lot of wealth in a few hands.
> In 1998, they owned 59 percent of all wealth. Or to put it another
> way, the top 5 percent had more wealth than the remaining 95 percent
> of the population, collectively.
>
> The top 20 percent owns over 80 percent of all wealth. In 1998, it
> owned 83 percent of all wealth.
>
> This is a very concentrated distribution.
> ::: end quote
> from http://multinationalmonitor.org/mm2003/03may/may03interviewswolff.html
>
>
>>Are you suggesting it's a myth that a lifetime of toil means they earned >>their wealth?
>
> But the issue really is: where do the benefits of wealth go?
>
> and since this is way off topic in c.d.t, that's all I will say.
>
> Ed
>
Received on Tue May 27 2008 - 22:19:09 CEST