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The simple fallacy of an "investor economy."

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Tom Yossarian Joad Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-29-06 07:30 PM
Original message
The simple fallacy of an "investor economy."
They don't make anything.

(except money for their pockets).

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Tom Yossarian Joad Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-29-06 08:24 PM
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1. one kick
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Jayhawk Lib Donating Member (587 posts) Send PM | Profile | Ignore Sun Jan-29-06 08:31 PM
Response to Original message
2. I invest in the stock market.
Not all of us are doing bad in this poor economy. I am fortunate and work for a manufacturing company that is doing quite well in this economy (chemical plant).

I live below my means and I do invest in the market via 401k and personal ira account to fund my retirement in about 10 years. Most all is invested in companies that are listed on the stock market.

I know some are not as fortunate as I. I am not sure what I am supposed to think of your post. Does that mean that I am greedy and should not invest and save for the future?
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Hope springs eternal Donating Member (213 posts) Send PM | Profile | Ignore Sun Jan-29-06 08:35 PM
Response to Reply #2
4. No.
But it sucks for most of us. And ultamitly, it'll "trickle-down" on you too. Capitalism is a zero-sum game, and eventually, the big sharks will come for us all.
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AllieB Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-29-06 08:56 PM
Response to Reply #2
6. You're one of the few
my husband and I both have 401Ks, but because of rising property taxes, cost of healthcare benefits, cost of gas, cost of energy, and inflation, we have nothing left to invest at the end of the month. Our food bill has doubled in three years, and if anything, we've cut back on splurge items like ice cream and cookies (we no longer eat sugar).

I know we're more fortunate than most, and we live in a wealthy state. Eventually, inflation will catch up to you too.
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Tom Yossarian Joad Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-30-06 02:55 AM
Response to Reply #2
7. Actually, it's the vast numbers of people who do nothing
but invest for their source of income.

Money is not a product.

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StClone Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-29-06 08:34 PM
Response to Original message
3. Yes our country
Edited on Sun Jan-29-06 08:35 PM by StClone
Is losing the ability to "make" value through manufacturing and are left to extracting value from Public lands (mining, lumber) for pennies and with out heed to the real cost in terms of Environmental damage. We are left with more service jobs, moving money around (investing) and in BushCo's case outright stealing.
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Boojatta Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-29-06 08:41 PM
Response to Original message
5. Investors who supply venture capital for new enterprises don't personally
establish the new enterprises, but they do make a very important contribution.

If ordinary investors (those who do not supply venture capital) did not exist, then might that discourage people from providing venture capital for new enterprises? Would people have to wait for profits to be paid out as dividends in order to merely recover their original investment in new ventures?
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