Quote:
Originally Posted by Pete F.
Jim, I'm too old to worry about that. I just worry about what my kids will have to deal with. They all are gainfully employed, straight enough but I still worry about what they will have to deal with.
I'm not jealous of wealthy people, I'm worried about the concentration of wealth and what it's effect on our society will be. I've seen enough people with stupid money and it's effects to know it's not good.
Feel free to read what Warren Buffet said but I'm sure you still wont be able to say that there is a problem.
https://www.independent.co.uk/news/w...-a7812736.html |
Pete, then we both agree that we worry what our kids will have to deal with. we have that
in common. and that’s something, hopefully.
I have 3 boys ages 12, 9, and 7. And my middle guy will be someone who might need a little help. i’m hoping i can give him everything he needs, but obviously i hope he outlives me by several decades, so he might need help after i’m gone. So i do know that worry, i really do.
I feel things are a lot harder than they were for my father. he bought our house when he was 26 years old, only paid 1.5 times what his annual salary was at that time, and sold the house 40 years later for 6x what he paid. I will never see anything like that. Hell, in january I’ll have ben in my house for 15 years, and i dont think it’s worth a dollar more than what i paid, plus what i put into it. Zero. That’s how it goes in CT.
If wealthy people become
more wealthy by creating wealth, not by taking it from someone else...then why should
we care? In all sincerity, can you address that? Why should i care if the Obamas become billionaires, which they probably will? how does that hurt me or my kids? I just don’t see it...
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