Re: Retirement account and buying car
^ psyah,
That doesn't makes sense and belies facts. I'll list following:
You seem to be defining poor as those that don't have jobs. So isn't better that fewer people are jobless and so less poverty? Now, the money people save is what Becomes capital to start and sustain businesses that create jobs.
You say consumerism exploits poor. Fine, so then why are you arguing for people to consume more and more? If people don't save, they have to spend it and that is hyper consumption.
If you then argue that people shouldn't save or consume, then they have to abandon it or give it all away. I know of better way to kill a society than create a 30pct charity dependency.
You ask for some math - but your premise is so fundamentally convoluted that it is not math but common logic and a bit of open mindedness that iis necessary.
It is easy for me to just say, go ahead and don't save, what do I care. But I truly know you are wrong and if youngsters start believing this they are in such great trouble later in life.
You are a very calm pious person from your posts and therefore there is a tendency for youngsters to assign some credibility to what you write. That is why I think you have some responsibility to think abt their future and post accordingly.