ian andrew bell helloianbellcom friday july 26 2002 1219 pm james rogers wrote fri 20020726 1150 ian andrew bell wrote ruling class whether define government business whats difference knows full well money lining pockets buying hobby ranches financing private jets neither interest welfare working class yes working class deserves gets possibly even part people become wealthy stupid always thought stupid time fairly low bar apparently people cant even manage isnt particularly wellfounded logic youre saying rich people smart latter causal former implication would say poor people stupid true statistically people poor people also stupid however theres nothing indicate causal link smart isnt mechanical requirement eternal wealth obviously members list would rich smart example made stephen hawking famous respected hes particularly rich jennifer lopez accounts complete moron fact spend weekend beverly hills encounter vast numbers people profoundly stupid driving rolls royces shopping prada working class market working class wealth created working class makes longdistance calls buys food processors computers clothes attaches value goods allows commodified working class saves money buys retirement savings plans invests mutual funds increases flow capital investment funnel economic system first world designed strike delicate balance incentivizing ruling class support wealthexpanding technological innovation development new markets 100000 foot level recessions depressions created wealth sucked whirlpool supported working class investment consumption people draining hot tub folks ruling class people like ken lay dick cheney bernie ebbers et al simply got greedy caused bubble hydraulics increased pressure time ultimately wasnt sustainable money lost come ruling class came rsps equity funds investments individual working class people believed reports invested wealth ruling class largely pulled time investments exposed workers lower caste necessarily stupid saving money investing retirement plans dont think stupid buying clothes automobiles dont think granular level notion rich people rich theyre smart anecdotal naive worth arguing wont still compelling point worth clarification ian httpxentcommailmanlistinfofork fri 26 jul 2002 124904 0700 usa usa number six