On 2007-04-24 16:23:53 -0700, "gatt" said:


"Gig 601XL Builder" wrDOTgiaconaATsuddenlink.net wrote in message
...
Larry Dighera wrote:

And that is a BS number.

Control != Own

So Larry, what is your definition of "Control" that can boost the number
from 33.4% to 90%?

A friend of mine who is a Statistics instructor regularly dismantles figures
such as these. The US economic system is too complex to say offhand "this
percentage owns this percentage"; it depends on how you derive your data and
how it is organized. By and large, though, corporations are run by people
like Carly Fiorina and folks who get paid hundreds of millions of dollars
despite destroying companies and costing hundreds or thousands of jobs, and
the average working-class Joe Commercial Pilot, cop, truck driver, support
technician, electrician, assembly line operator...the people who ACTUALLY
MAKE THE CORPORATION RUN...make a pittance of what these people award
themselves as hiring or firing bonuses.

-c

Of course. If the facts don't agree with the original premise, declare
the statistics to be meaningless and arbitrary.

The fact is, 1% of Americans do not control 90% of the wealth unless
you are a rabid conspiracy theorist. Then you just assume everything is
controlled by the Illuminati or the Trilateral Commission or Bavarian
Bankers or Halliburton or what-have-you. Since no one can prove you
wrong, you must be right, eh?

Of course, if you are going to do that you have to betray every
principle that liberalism supposedly stands for.
--
Waddling Eagle
World Famous Flight Instructor