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Old 05-05-2008, 08:25 PM   #81
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People like the good professor assume that people who have money saved up just bury it in the ground, or keep it stuffed under the mattress. The idea that it might be productively invested in the economy never occurs to them.
Yes. Only paid employment counts. Anything else is selfish...
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Old 05-05-2008, 09:53 PM   #82
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Hey Prof. thanks for uniting the forum.
Let me make this simple for you.

Remember the story of the grasshopper and the ant?
You don't really expect the ant's who have been working hard all
their lives saving to bail out the grasshoppers who knew that winter was
coming and refused to save.
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Old 05-05-2008, 10:11 PM   #83
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It's been my opinion from first-hand observation the ants usually wind up eating the grasshopper.
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Old 05-06-2008, 05:16 AM   #84
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The Prof. canít inagine retiring and depriving the world of his brilliance.
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Old 05-06-2008, 08:01 AM   #85
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Quote:
Originally Posted by Milton View Post
People like the good professor assume that people who have money saved up just bury it in the ground, or keep it stuffed under the mattress. The idea that it might be productively invested in the economy never occurs to them.
Has anyone seen any studies on the impact to the economy of buying an equity versus buying a flat panel TV?
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Old 05-06-2008, 11:03 AM   #86
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Has anyone seen any studies on the impact to the economy of buying an equity versus buying a flat panel TV?
But you can't watch "Oprah" or "Dancing With The Stars" on a stock certificate...
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Old 05-06-2008, 12:06 PM   #87
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So other than that main advantage...?
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Old 05-06-2008, 02:49 PM   #88
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Here's an article that the professor should perhaps read: Pitfalls-of-Working-Past-Retirement-Age: Personal Finance News from Yahoo! Finance.

Quote:
[W]hat workers with defined-benefit pensions and those who already have tapped Social Security benefits might not realize is that there are significant financial disincentives that make working into retirement age a tricky proposition.
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