Subject:
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Re: Property Rights are the foundation of freedom
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Newsgroups:
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lugnet.off-topic.debate
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Date:
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Mon, 5 May 2003 01:03:43 GMT
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Viewed:
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434 times
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In lugnet.off-topic.debate, Richard Marchetti writes:
> In lugnet.off-topic.debate, Richie Dulin writes:
> > How do you know his or her standard of living is still really good compared
> > to other nations?
>
> I wish I could locate a cite right now, but the average american believes
> wrongly that they are within the top 1-5% of the wealthy in the U.S.
Yes. Australians appear to be similar.
> Costello believes wrongly that the average american is doing well
> economically, but is probably ignoring all kinds of important criteria in
> arriving at that conclusion.
Absolutely. A good average standard of living is not necessarily an
indicator that the average person has a good standard of living.
I always wonder why people who would never favour dividing the wealth of a
nation amongst it's population, are quite happy to do just that in order to
demonstrate the value of their economic philosophy.
Cheers
Richie Dulin
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