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To: Jacob Snyder who wrote (30695)	8/29/2000 2:34:47 PM
From: drew_m	Respond to of 54805

If it will make you feel better, donate some of those lottery winnings to me and I will send you a monthly picture and a story. <G> Actually, I could not agree more. It does wonders for my wife and I to sponsor a local family or two. Food and money for bills. I look forward to the day my giving can increase 10 fold. (Now hurry up QCOM, I have mouths to feed) Its just shocking how fortunate we all are. Drew

To: Jacob Snyder who wrote (30695)	8/29/2000 3:08:14 PM
From: areokat	Respond to of 54805

>>Despite the above, I am personally uneasy about the income inequality I see around me. When I realized how much more money I'd make as a doctor (rather than a teacher, which was my other career choice), I was amazed. I see lots of very hard-working people, doing important and useful work, whose incomes are a small fraction of mine, and I don't think it's fair. And the money I've made in the stock market over the last 5 years, doesn't feel like anything I've earned. It feels like gambling winnings, like I've won the lottery. I feel like it's a dream I'm going to wake up from soon, and it'll all be gone. The fact that I can retire at age 40, with enough money to live very comfortably, certainly seems very unfair.<< I have had the opposite feelings about making money in the stock market. I always thought I had to work much harder to earn it. Even though I've never made a lot of money via salary I've never been a big proponent of income redistribution. Making sure that as many as possible had the opportunity to get ahead by their own efforts always seemed to me to be much more healthy. Yes, there are a lot of things that are not fair in this life. BWDIK. I never meet a form of socialism that I thought was compatible with human freedom. Kat

To: Jacob Snyder who wrote (30695)	8/29/2000 3:20:40 PM
From: Pawhuska49	Respond to of 54805

Further OT re inequality The fact that I can retire at age 40 . . . seems very unfair. On the balance sheet of your assets there is also an expensive degree that you seem to have taken out of circulation. A rough guess would say that you have denied about 25 years of service to people who might have used it. Nor are you required to keep whatever part of your assets you deem to be too much. There are people who feel worse because they have too little. The point is not income redistribution to the poor; it just doesn't appear seemly to beat one's breast about being on the other end. Mike

To: Jacob Snyder who wrote (30695)	8/29/2000 3:33:01 PM
From: gingersreisse	Read Replies (1) \| Respond to of 54805

OT One huge change in the US over the past 30 years has been the growing inequality of educational opportunity. Forty years ago, institutions like City College of NY or the UC system were nearly free, and offered quality education, as did many neighborhood catholic schools. That's no longer true. CCNY is an equal opportunity junkyard, with 50% of students in remedial programs, while UC-Berkeley or Santa Cruz cost in excess of a thousand dollars (gasp!). The catholic school system is much smaller and much more expensive, as well. Many poor children don't have the access to basic education at the lower grades which was accepted as standard in the 1960s. While the reasons are obvious in many cases (parent neglect, drugs, crime) the children don't even have a foundation to attempt higher education later. Even relatively promising strategies (charter schools, junking forced bilingualism, incentive pay for results) for improving elementary education seem to be lightning rods for the race-class-gender warfare which characterizes most social issues today. (End of rant) GSR

To: Jacob Snyder who wrote (30695)	8/29/2000 3:54:40 PM
From: the dodger	Respond to of 54805

"The fact that I can retire at age 40, with enough money to live very comfortably, certainly seems very unfair. Jacob, cheer up -- not everyone can afford to be poor!! (g) td

To: Jacob Snyder who wrote (30695)	8/29/2000 7:27:17 PM
From: LindyBill	Read Replies (1) \| Respond to of 54805

Jacob, don't you know what the difference is between you and other MD's that are still out there working for a living? YOU SPENT LESS THAN YOU EARNED! MD's are notoriously bad money managers and bankrupts who end up with a small proportion of what they earned when they do retire. They spend so many early years with no money that they tend to run wild when it starts pouring in. You had the self control to save money, and the smarts to invest it in good companies. Don't you realize that is the common quality shared by all on this board? There is a very famous book on this subject, called, The Richest Man in Babylon". I read it in about 1972, but did not apply it until 1992. The point of this book is that you must "pay yourself first". This is what you, and everyone else here, has done. We have saved our money, invested it in growing companies, and provided the Capital for these companies to be even more successful. Without us, and people like us, the economy would be a medieval one, with static growth. We are all of various incomes, smarts, and character, but we have been successful because we have done these two things, that everyone else we know can do, and could have done. And Jacob, let me tell you something. WE DON'T OWE ANYBODY ANYTHING BECAUSE WE DID IT! LindyBill@exceptfortecboywhoneverhadtosaveadime.com