Talk of The Villages Florida - View Single Post - Article about Billionaire Gary Morse
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Old 06-06-2012, 03:42 AM
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Challenger Challenger is offline
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Default The great American virtue-- "Greed"

There are only three things any of us can do with our money (rich or poor). We can spend what we have , or in some cases more than we have, we can save(invest) it or we can burry it in a hole.
In the case of the first two options , at least from a financial standpoint, there is a societal benefit. When we , or the "rich" spend, jobs are created or sustained usually up and down the chain from management to blue collar to cleaning staff. I remember the luxury tax on boats some years ago and the hundreds of craftsmen and laborers who lost their jobs because of it. I hope that GM and many like him keep buying the toys that I can't afford.

When we( and the rich} hoard our funds buy investing, we create the capital on which a viable economy is built. I hope that GM and others keep hoarding(investing) so that we have the seed capital to build our industrial base and for our children to obtain loans for homes and college etc.Let's hope the investments and expenditures are made with some care regarding the morality of the products and companies involved.

Hopefully GM is philanthropic(I have no idea) as are Gates and Buffet and many many others with wealth who contribute $billons annually.