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Subject:  Re: Saving in a Nation of Spenders Date:  4/7/2004  12:47 AM
Author:  KennyO Number:  29931 of 46949

What shocks me are the low values of households' net worth in general.

I saw a tabulation similar to that one over a decade ago and it struck me then that when we savers/investors reach the time that we might enjoy the fruits of our frugality we'll probably be taxed into submission so the government will have something to pass to those short-sighted spenders. While I understand and agree with TMFJordan's point:

And instead of a dollar a day, but away 3 dollars a day and be prepared to share half of them with someone in need when you are 65.

...I believe it'll turn out to be government-imposed, other-than-voluntary "sharing."

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