Quote:
Originally posted by wonderwench
Why are they hungry? What has happened to them that they are not in a position to lead productive, self-sufficient lives? Is it possible that the social engineering experiements have put them in this position?
One does not need to be a saavy investory to put money into a passbook savings account. The returns of doing so are far larger than the fraction on the dollar most will see on the SS donations in future.
|
1st: One needs to have more income than expenditure before even thinking about socking any of it away in any kind of savings account.
Back to living wages...
2nd: Passbook savings? Are you serious? What's the average return...it couldn't be more than 4%. What's the average rate of inflation?
Post that and let's figure out if it's worth more to spend one's money now rather than save it in a piddly account.
__________________
"The theory of a free press is that truth will emerge from free discussion, not that it will be presented perfectly and instantly in any one account." -- Walter Lippmann
"You measure democracy by the freedom it gives its dissidents, not the freedom it gives its assimilated conformists." -- Abbie Hoffman
|