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[PEN-L:215] Re: Re: Re: Re: Re: the growth of global

Bigwayne19@xxxxxxx wrote:

>so if the bottom 80% ends up with 'more'  (even though it's a
>smaller portion of the total ) , it's a worse situation ?

People judge their welfare in large part against their peers, not some
absolute transhistorical standard. So if the rich get way richer, and
visibly so, and everyone else gets a smidgen richer, then, yes, most people
would feel poorer. Even Adam Smith agreed.

Doug
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