Amazon.com, Inc. (AMZN) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 234.70

-1.2%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: GST who wrote (123284)	4/9/2001 9:26:06 PM
From: Victor Lazlo	Read Replies (1) of 164684

<< I responded that the savings rate needs to be considered an issue as well. >> GST, you have failed to repsond adaquately to my demonstration that your definition of "savings" is completely invalid and antiquated in a dynamic, growing America that allows people from humble bginnings to pour all their energy and resources into a vennture and to build it into a 500 million dollar enterprise. Or to work at a good job for years and build up home equity, college savings for the kids, and a retirment 401k plan. Your definitiion of "savings" conveniently ignores all these. Japan does not allow this. France does not allow this. Germany cannot handle this. Want to work for the Government in any of these countries?? Contribute to a bankrupt govt pension plan?? Sure!! Come on in!! How many American entrepenuers do you see leaving the US to start a thriving business in Japan, France, Gernany or China? Not many!! Japan does not want you there if you are not Japanese !! Admit the truth!! What I see are a lot of highly talented engineers and software and telecom folks and biotech experts from all over the world immigrating to the US with their families to work and discover and build new things in a place where they will get funded, and get left alone (relatively speaking). Your "savings" measurement does not include small family businesses that are a huge part of the US GDP. Your "savings" measurement does not include home equity. Your "savings" measurement does not include small businesses that have grown beyond the family into privately-held 10 or 20 million dollar enterprises with majority stake still held by a family. Your "savings" measurement does not include IRA or 401K savings. (That is about 39% of my household's net worth. And yes, it IS savings.) Your "savings" measurement does not include stock holdings. Your "savings" measurement does not include mutual fund holdings. Your "savings" measurement does not include state-sponsored college savings plans, which have become very popular. Your persistent reliance on some arcane measure of "savings" by people in the U.S. is not valid. Therefore, your whole argument needs a new foundation, if one can be found. GST, let's get with the realities of America and the world in the 21st century here....and stop comparing grapes to coconuts. Anyone with any empirical capabilites at all knows your arguments on this are highly flawed. And you stick to these flawed arguments. c'mon get real!! Victor

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next