From: Spehro Pefhany
Subject: Re: High Tech economy in the US
X-Newsreader: Forte Agent 1.92/32.572
Date: Thu, 16 Jan 2003 16:31:40 GMT
NNTP-Posting-Date: Thu, 16 Jan 2003 11:31:40 EST
On Thu, 16 Jan 2003 08:19:54 -0800, the renowned John Larkin
>On 16 Jan 2003 08:11:27 GMT, firstname.lastname@example.org (Rolavine) wrote:
>>Dubya is going to solve our problems though by giving money to people who won't
>>invest. These are the same people that can borrow money for nothing now, and
>>still don't invest. Why don't they just give us money to start companies to
>>make crazy things. Oh wait a minute, we did that last decade, humm maybe that
>>is why these rich people won't invest. Go figure.
>In American Newspeak, taxing people less is 'giving people money.'
>Rich people have no choice but to invest their money; what else can
>they do with it?
I guess it depends on how narrowly you define "invest". I'd not
consider parking money in a money-market fund or some gov't guaranteed
T-bill-like instrument as "investing". Real estate might be investing,
income real estate certainly would be. Under no conditions would a
Lincoln Navigator be an investment, despite what the salesman may say.
In times of deflation, parking money starts to look attractive, as
whatever you invest it in or spend it on tends to drop in value. A bit
of inflation is thus said to be a good thing because it punishes
people who park their money by eventually taking it all away.
"it's the network..." "The Journey is the reward"
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