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Old Sep 4, 2008 | 11:24 AM
  #28  
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Chip
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Originally Posted by Ex-Finesse
What a stupid thing to say.

Wealthy people lose money when asset prices fall, which includes property, stock, fine art, etc. etc.

Halifax house price data shows a 12.7% fall in the last 12 months, so a big loss for the owner of example house above.

It has also been proven that times of recession and / or bear markets close the gap between rich and poor far more than extra taxation of the rich does.

Finally......... nice cars


You are talking about recession, not credit crunch.

Related, but not actually the same.
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