Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Mark Adams who wrote (11428)	11/27/2001 2:13:59 PM
From: Cogito Ergo Sum	Read Replies (3) of 74559

Hi Mark, One subtle suggestion buried in the text is that if the holding of capital were more widely dispersed, that consumers would be less reliant on wage income. I imagine most folks on this thread at least are in that club already. I'm looking out 5 years to a point where I won't need to work, but of course that's not budgeting for all the toys I'll want for my free time :o) Still, I'm not looking at not working, just not having to work to maintain a modest and dignified lifestyle with kids college tuition etc provided for. enabling people without any wealth of their own to borrow the funds to buy shares of capital ownership the problem I have with that is not the borrowing but simply how will it work without continued real growth and ever expanding markets. I don't know if they are limitless. Say I work for a company and have some profit sharing plan which gives me stock in the company I imagine that will be part of my compensation so my disposable income is lower ? If the stock produces no dividend and we end up in a no growth environment will I be further ahead ? It is not much different than yes, home ownership (of which I'm a fan), which at least is a forced savings plan but not necessarily a vehicle for enhanced income. In that case it sounds more like better money management to me. That is, they should accumulate wealth by not consuming, by not spending all that they earn. Of course if your money's not working for you that's certainly not optimal. regards Kastel a cute and cuddly Canadian

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