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Politics : Politics for Pros- moderated
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To: Lane3 who wrote (101836)2/23/2005 2:37:34 PM
From: Neeka  Read Replies (1) of 793725
 
I'm really fascinated by this. I would guess that you and most Americans understand that we live in a society that for the most part encourages spending. Although I do remember a savings account that I opened when I was in the third grade with the help of my school. The teachers were given the task of encouraging savings (this is how the program was explained) by helping us 9 year olds open those accounts. I think this program was a combined effort of government and banks?

But let's speculate. If it were the opposite and we all consistently saved a major portion of our earnings, what kind of society would we live in? Wouldn't this ensure that on whole, the majority of us weren't a burden on anyone? I know there is a fine line between spending and saving. I just don't know where that line is. In my case, it doesn't matter, I am a compulsive saver, but what if we were all compulsive savers? For some reason Japan comes to mind.

IMO, "responsible" means making sure you don't become a burden on anyone, particularly the taxpayers.
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