OT - 10 steps to fascist police state

On 2007-04-26 10:24:04 -0700, "gatt" said:


"C J Campbell" wrote in message
news:2007042422113016807-christophercampbell@hotmailcom...

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.

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

Note: I'm not Larry.



-c

Thank goodness! He probably prefers to his own image in the mirror
rather than yours. :-)


--
Waddling Eagle
World Famous Flight Instructor

"gatt" wrote in message
...

"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

Paid that much by whom?

despite destroying companies and costing hundreds or thousands of jobs,

And that's why our economy is outstripping ever other country in the world,
including China (10% grwoth from nothing is still not much), India (same)...

Further, that's somewhat the same logic that one minority criminal is
indicitive off all that same group.

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.

How much responsibility does the truck driver have (a $50K rig) versus the
responsibility that a CEO does (a 50-200 $$BILLION corporation).

I'll agree there are quite a few overpaid/incompetent exec's, just like
there are far more overpaid entertainers and athletes.

Maybe if you made more of a career and less of whining and barfing back
media drivel, you might be doing "really well".

"Matt Barrow" wrote in message
...

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

Paid that much by whom?

Ultimately, America. HP descended so rapidly that the Corvallis plant has
nearly collapsed on itself. Now you buy your crap from China. Carly got a
$25,000,000 bonus for getting fired for ineptitude after her short time
there, but a lot of people I know that worked for HP--engineers who
DEVELOPED THE PRODUCTS and THE ASSEMBLY LINES TO MAKE THE PRODUCTS lost
their jobs in the meantime. If you're somehow content with that system, say
so.

And that's why our economy is outstripping ever other country in the
world,

That's what the south said right before the civil war. It was their lack of
industry and effective management that did them in.

How much responsibility does the truck driver have (a $50K rig) versus t

All the CEOs of all the airlines combined could likely not fly a single 767
from point A to point B. Nor could they train the pilots that do. Carly
would not have had a world-respected printer company to destroy were it not
for the engineers and technicians who developed thos products getting laid
off because of her crappy business management, but she's the one that got
tens of millions of dollars for nearly wrecking the company.

Maybe if you made more of a career and less of whining and barfing back

I'm a UNIX system administrator. If you don't think I'm doing "really well"
for the amount of sweat that collects on my brow... LOL!
Maybe you shouldn't generalize about people for whom you know jack squat.

-c

The Wealth Distribution
In the United States, wealth is highly concentrated in a relatively few
hands. As of 2001, the top 1% of households (the upper class) owned 33.4% of
all privately held wealth, and the next 19% (the managerial, professional,
and small business stratum) had 51%, which means that just 20% of the people
owned a remarkable 84%, leaving only 16% of the wealth for the bottom 80%
(wage and salary workers). In terms of financial wealth, the top 1% of
households had an even greater sha 39.7%. Table 1 and Figure 1 present
further details drawn from the careful work of economist Edward N. Wolff at
New York University (2004).

According to the Statistical Abstract of the U.S., 2004-2005,

Table 672,

The Top 5 percent of families got 20.8% of aggregate income

Top fifth of families got 47.6 percent
Next fifth got 23.0

So top 40 percent got 70.6 percent

The Lowest fifth of families got 4.2 percent of aggregate income
Next fifth got 9.7 percent


According to the Survey of Consumer Finances, Federal Reserve Board,

Richest 1 percent of families own 39.1 percent of wealth
Next 4 percent own 22.3 percent
Next 5 percent own 11.4 percent
Next 10 percent own 11.5 percent;

So the top 20 percent owned 84.3 percent in 1997

Bottom 40 percent owns less than 1 percent

vince norris