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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: John Vosilla who wrote (59870)4/29/2006 6:50:35 PM
From: shades  Respond to of 110194
 
You have achieved true wealth if you can earn more from passive income on your assets than you spend in a given month or year

The "henry george" guys on sci.econ hate asset owners - they go into long diatribes on how lazy asses sit around sucking up all the money and no longer contributing to society - that labor should not have any taxes and asset owners taxed to death.

My forefathers glorify william wallace for kicking the asses of asset owners in scotland - the asset owners were painted as very ugly sorts in that movie Braveheart. Mike burke plays cards, I play chess - we have the time because we own assets that give us income above what we spend. I used to work 80 hour weeks in the tech industry - I would hate to have to keep doing that schedule to eat my hamburgers. The people were usually pricks and the stress leads to fast burnout.

Just how many carrots should we let any one donkey accumulate? :)