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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: Bearcatbob who wrote (118504)	6/6/2005 8:53:39 PM
From: Ilaine	Read Replies (2) \| Respond to of 793748

You are welcome to hoard gold if you want to do that. Or, if you'd rather, you could hoard diamonds, or rare wines, or original Picasso etchings, or Bob Seger records, or whatever floats your boat. None of them are money, but they're all wealth. Total net worth per capita has increased in the US in real dollars and continues to do so over time. What do people accumulate? Whatever floats their boat. At 1% or so return on investment, putting it in the bank doesn't make much sense to me. Of course people were more likely to put it in the bank when they got a better rate of return. We're not stupid. One thing I buy a lot of is gadgets and software that make me more productive at work. I do spend money, but I get a tax deduction, and I also make money faster and easier. I would argue that the net worth of my business is more important than the size of my bank account -- not that I don't have money in the bank.