Quote:
<snip>If the graph has made its turnaround in the last year,
along with the financial markets, that doesn't invalidate my point at all.
Also, please note for understanding that "number of millionaires" is a statistic that is,
by its very definition, not corrected for inflation, and therefore rather useless as a measure.<snip>
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Agreed on both points above.... i.e. the wealthy do respond faster, and
(positive) inflation generates a larger absolute number of millionaires.
But "useless measure" ? I'd quibble a bit that the magnitude
of recent inflation is greatly changing the "numbers of millionaires"
Politically, I can't say I'm terribly concerned about "the wealthy" suffering
from a higher
rate of loss, since they are the group that recovers first
and benefits from the higher rate of gain.
On this point, I believe most in the OWS movement would agree.