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Absolute or Relative Income

 
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PostPosted: Thu Feb 03, 2011 12:24 am    Post subject: Absolute or Relative Income Reply with quote
PeakTrader said...

If your neighbor has a $100,000 increase in his or her standard of living (from hard work) and your standard of living increases $100 as a result (from no additional work), some people will give up the $100 to see his or her neighbor lose the $100,000.
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