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Old 03-30-2009, 11:43 PM   #11
lookout123
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Join Date: Apr 2004
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The people at the top are not the subjects we were speaking about. We were talking about all the people at the bottom having a higher level of income/standard of living. We were talking about the elimination of poverty. Quite simply that cannot happen. If the lowest income earner in America received $50K/year then the poverty line would be moved to $60K because of inflationary pressure. If there is that much cash injected into the economy then the cost of items increases - that is an economic fact that has absolutely nothing to do with john q billionaire's most recent gold plated yacht.

if the grocery bagger earns $50K/year the plumber will earn $100K. If the plumber earns $100K the surgeons will earn $500K. There is no other way for things to play out.

We live in a society where the poor still have food, shelter, tv, and transportation. They have a minimum expectation for healthcare. Never before in history have the poor lived so well. While we should always strive to improve life for all, don't be so foolish as to believe the current high income earners will stand still while those at the bottom move up.
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