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Politics : Formerly About Advanced Micro Devices

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To: SilentZ who wrote (749235)	10/24/2013 5:32:26 PM
From: Tenchusatsu	Read Replies (1) of 1573927

Z, The way most people in say, the top 5-10% build wealth is by saving and investing. The average American never makes enough to save. So what do these average Americans do? Do they curtail their lifestyles? Of course not. In fact, so-called "Keynesians" wouldn't encourage that at all because that would supposedly lead to deflation and recession. No, instead they borrow. They max out their credit cards. They get subprime mortgages, then blame the banks for giving it to them in the first place. All of this is behavior which is encouraged by the left, because to them, saving is the enemy of their stimulus-based economics. (Keynes warned against "excessive saving," but the policies being practiced by the left seem to punish ANY saving.) By the way, it's not just the 5-10% that can build wealth and end up ahead. Most people have the capability to do just that. They may not become rich, but they'll build up enough of a nest egg to become secure in whatever lifestyle they choose. I know many people who have done exactly that. Tenchusatsu

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