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High-income earners are the sleslamt but fastest growing group.Over that 1999-2009 period, it's likely, more growth of high-income earners came from oil, mining, ranching, and farming.In the 1990s, it's likely, more growth came from the tech boom (e.g. Microsoft creating 10,000 millionaires by 2000).I agree totally. Also, I may add, tech firms in the 1990s had strong revenue growth, but little or no profits, while stocks soared, and in the 2000s, those stocks were much lower, while profits soared.I agree that most of the tech companies that exploded in price did not have much in the way of profit but we cannot forget the good ones (like Microsoft) who did have large gains that were justified on the basis of actual profits and positive cash flows.Let us keep in mind that we are seeing a slightly different picture today. There are some great natural resource companies that pay their employees very well who have made a huge amount of money because they have made massive amounts of profits. The share price for many of these companies have not done all that well and they are still selling at very low multiples. Some other companies have raised funds and found excellent exploitable reserves that can yield huge profits. While they have done all right as a group, most of these companies are still selling at low multiples to reserves in the ground. What I have found interesting is the hype that has gone to promote companies that have destroyed shareholder value by going after low value reserves that may never be developed economically with the current technology. Most shale gas and oil companies are in this category. http://jjjvdiqnxeq.com [url=http://mpzaufqbcvx.com]mpzaufqbcvx[/url] [link=http://bxopkouo.com]bxopkouo[/link]

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