The middle class will be just fine, as long as it doesn't get taxed out of existence. The "wealth gap" is largely statistical, but you can check it out yourself in this long, boring article if you want.
It's worth remembering that most of the people who complain about a "wealth gap" are people who think someone should pull out a gun and "redistribute" it. Preferably to them. When someone talks about a "wealth gap," check where your wallet is.
Your tirade on education sound a little bit like Success Machine's rant to me. You might find it educational (sorry) to check out how many billionaires nowadays don't have college degrees.
Oh, hell, I'll do it for you. From 1996:
PERSONAL WEALTH IN AMERICA
(Source: FORBES via REUTERS, 9/30/96)
This year's FORBES list of the 400 wealthiest people in America is out, and it includes some fascinating insights. For the third year in a row, MICROSOFT CORP. co-founder Bill Gates is the richest person in America, with a net worth of $18.5 billion, up almost $4 billion in just one year. Nebraska investor, Warren Buffett, came in second with a net worth of $15 billion, followed by another MICROSOFT billionaire, Paul Allen, 43, who helped Gates start the company 11 years ago and is worth $7.5 billion. The number of billionaires on the list this year grew to 135, with a combined worth of $312 billion. The wealth of all 400 on the list totals $477 billion. What can aspiring billionaires learn from this group? Start a successful company, and make sure you retain a hefty portion of the stock. The magazine pointed out that ideas can now lead to great fortunes, where in years past wealth was only to be made through owning hard assets such as land, steel or oil.
More than half of those who made the list were not born wealthy -- 217 are self-made millionaires. And curiously, the 63 people on the list who do not have college degrees have a much higher average net worth than the college graduates on the list.
Of course, this was before the dot com bust, but the numbers are probably still similar.
Current Events » in reply to Re: Greed v. Capitalism
Capitalism
