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From: dlo@drutx.UUCP (OlsonDL)
Newsgroups: net.politics
Subject: Re: Welfare
Message-ID: <386@drutx.UUCP>
Date: Fri, 21-Mar-86 15:56:03 EST
Article-I.D.: drutx.386
Posted: Fri Mar 21 15:56:03 1986
Date-Received: Wed, 26-Mar-86 23:02:32 EST
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[]

> You
> conveniently fail to note that by far the *VAST* majority of the wealth in 
> this nation is owned and controlled by a very few people.

Tom, this is just not true.  Indeed, there are only a few "rich" people.
However, although I can't give you a source right now, a couple of weeks
ago it was reported on the radio that something like 70% of the wealth
in the US is held by about 65% of the people, i.e. the middle class.

That sounds reasonable.  As J. Peter Grace discovered, if you confiscated
*all* of the wealth from people who made over $75K per year, you could
finance the federal govt for about 7.2 days.

> tom keller

David Olson
..!ihnp4!drutx!dlo