Re: alternate universe on income inequality

[Paul <paul_@xxxxxxx>]

A case in point: Arnold Kling (according to his personal webpage) made a
smallish fortune as part of the dot-com boom (to his credit, his own
accounting says this was without having talent or good judgement).  The new
inequality has, among other things, created a large new power base that
will spend lots of time and money defending their new privileges.  No
fervor like the newly converted ... or newly rich.

Paul

At 12:47 PM 9/22/2004 -0700, you wrote:
> I first saw the Kling article on the Heritage Fdn. site.  Nuff said.
> --
> Michael Perelman
> Economics Department
> California State University
> Chico, CA 95929
>
> Tel. 530-898-5321
> E-Mail michael at ecst.csuchico.edu