Quote:
Originally Posted by Guest
I know folks that are retired, no debts including paid for home in TV, and live on SS and a very modest IRA. They always speak how fortunate they are to have everything they ever wanted and now the time and money to do what they want.
Wealth....a very subjective state of being.
|
It's also quantitative. One tenth of one percent own as mush as the bottom ninety present. That's the group you, me and your friend is in. They are fortunate because most Americans cannot write a check of $1,000. All of us worked hard.
I worked 2 jobs and my wife worked one and we raised 3 kids. We could sock it away. That's not the way it is today. We lived after FDR put in place social security
minimum wage
unemployment insurance
abolishing child labor 8,10, 12 yr olds were working in the fields and factories
the forty hour work week
collective bargaining for unions
strong banking regulations
deposit insurance in banks [don't hide youre money in you matress]
job programs
College was dirt cheap. I want my grandchildren to have the same chance I had, we all had. Does that make me selfish?