"Fred Williams" <unclefred@webruler.com> wrote in message news:13md2cphuimfie7@corp.supernews.com... > On Monday 17 December 2007 02:28, Greg Carr wrote: > >> I read an excellent article recently where the author stated that of >> the 125 wealthiest families in Canada 75 yrs ago something like 50 >> have gone extinct. Sometimes the wealthy do become just average. I was >> reading that the avg. Cdn was worth around 180k and that had increased >> around 1.4% last yr. >> > As the rich get richer the get less numerous, meaning more wealth > is > concentrated in few and few hands. It puts stress on the economy > because the rich have nothing left to buy and the poor have nothing to > buy it with. You'll find that those fewer rich families today control > a much greater percentage of the wealth on the country than the 125 did > 75 years ago. It's degenerative overtime and a direct result of > competition in the economy. > To get a steady state economy you must first eliminate competition > and > to do that, you cannot treat money as a scarce commodity. I think what you mean is lower everyone to the lowest common denominator, poor.