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Originally Posted by gleem
Saying that poor people only spend and rich people invest is the biggest generality I've heard.
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As a general rule, wealthy people are not earning 500.00 a week and spending 600.00. As a general rule, poor people do.
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And completely wrong but exactly what they are teaching now in college and it's a page straight out of Karl Marx's propaganda book. He taught that, and the next page is that the rich get their money from poor people and lock it up, and it's the government's job to take away the money from the rich & give it to the poor people.
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I have all of Lenins books btw. Russian and English btw.
We are all doomed man. This empire is in its dying days. The last stage is entitlement and a false sense of arrogance. We are a nation of spenders, not a nation of producers. Spending became the new economy and grew into a ponzi scheme that eventually started to crack and fall apart. It is not just a US problem, its happening across Europe as well.
At the end of the day, all you can do is sit back, smile and find happiness where you can. If you make 10,000,000,000.00 tomorrow by creating anti-groupon.com, i'm all for it. If you can do it using Indian child labor, i have no objections. One of the greatest jokes of our existence on this planet is our own arrogance in thinking that any change we fight for is meaningful or will be permanent. It's all just one big theater of the absurd and at the end of the day, you are alone to find/create your own security for yourself and your family.