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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (180896)1/18/2004 7:29:49 PM
From: Amy J  Read Replies (1) of 1572229
 
Tejek, RE: "I am not sure what you mean by "overseas middle class workers". The report was concerned only with Americans."

It's a global economy now: as more overseas middle class come online, this increase in supply will create some deflationary wage pressures on the entry level middle class positions, over time. The only answer to that is to turn the middle class into investors.

RE: "What the report does not address is that the rich are getting richer."

Because they are investors.

RE: "soc sec - Why do you think this is a good idea? I've seen what people do with their money during the last bubble popping. Why would this be any different?"

They could put their investments into bonds.

As far as stocks go, the 400 people did good because of their investments.

Some type of index fund, could be an answer to the (valid) issue you bring up - over time index funds have done better than bonds.

Regards,
Amy J
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