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I was at an American Association of Individual Investors convention last year, and the keynote speaker at the luncheon was the head honcho of the NASDAQ. I was surprised to see how many young people were in the room, but it became clear to me when he spoke, and mentioned how young people today don't think they can rely on Social Security, so they want to invest in the stock market, which drew a lot of applause from them. I think it's that way all over the world, too, young people just don't think that the government pension will be there for them, and they may well be right. In which case, I'd be pissed off, too. But I pay a lot of taxes for things that don't directly benefit me, so I try not to think about it. I've never been on welfare, or had food stamps, or collected on unemployment insurance, but at least we recognize those as safety-net payments for others. I think your points are well-taken, but the way you are expressing your points is a little harsh, maybe. |
