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that the super rich's wealth is going down in absolute terms is certainly true. That it is going down in relative terms does not seem likely, given that they are the biggest beneficiaries of the multi-trillion bailout.

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Fri Aug 21st, 2009 at 05:21:38 PM EST
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Yes, that's the comment I made on a bonddad diary on DKos. If there is no radical change in the wages and tax policies (and a strong reform of the financial system), the likely outcome will be a higher level of inequality...

"Dieu se rit des hommes qui se plaignent des conséquences alors qu'ils en chérissent les causes" Jacques-Bénigne Bossuet
by Melanchthon on Fri Aug 21st, 2009 at 05:42:18 PM EST
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