On Mon, 19 Aug 2013 22:39:29 -0700, Ashton Crusher wrote in Re Re: OT car auction:
Look at advertising. It's about addicting people to become materialistic consumers in order to enrich the owners of the production chain and (incidentally) keep employment up. IOW, it's about making and keeping people wage-slaves.
Seems that our economy is dependent on such things. I wonder how many people either have or can even save up enough to make a purchase like that. If you had to pay cash, sales would plummet. Hopefully, with a tangible asset they can at least stay ahead of the depreciation.
How about the people that take a home equity loan so they can take a fancy vacation? A woman at work wanted to take cash out of her 401k to buy a big screen TV. I guess that is more important than retiring some day.
Few people have any money management ability it seems. A conversation came up at work recently. My shipper just bought a house and he is going to need a new car soon. After closing on the house, he said he has $4000 to put down. We have 20 employees. Of the 20, only four of us have that much money in the bank. Everyone has it in the 401k that they cannot touch, but for savings, some have less than $100.
instant gratification as opposed to delayed gratification
I blame the increasing cost of cars on credit. I guess to many purchasers, $29,000 doesn't seem that much more unrealistic than $21,000.
Probably lots of people die with money in the bank and are/were none the less happier because of it. In fact, I think they were probably happier because of it.
I've had periods of little savings in my younger days. I'm happier knowing if the refrigerator dies I have the cash to buy a new one. I rnjoy vacations knowing I won't br in debt when we get home. If I knew when I was going to die, I'd plan to die broke on the last day.
Because you'd otherwise feel unfulfilled? I'm like you in the sense that I don't like to worry--any more than is already built into the game.
Ed has it right. One works to make money. One makes money to buy things. One saves to buy things at a future time. If there is no future...
I don't like to worry but I'm not totally negative on borrowing. Debt isn't going to kill me but I also have a decent positive net worth.
There will be a future for one. One just might not be up and walking around at the time. One leaves various sorts of legacies. If one's days are numbered few, "things" surely take on a different perspective. Money isn't the only thing to be gained from work either. I've seen people who's days were severely numbered, work until they couldn't. I'm sure you folks know this stuff, so I'll quit trying to explain to people who don't need it anymore than me. Enjoy.
Let me ask you a question. Answer honestly! If you weren't paid, would you show up to work tomorrow?
The owner probably didn't either when he was a ten year old in an orphanage. Story here:
The eagle flies on Friday, so yes. ; ) In the news, you'll find a few people who win the lottery and don't quit their jobs. Explain that?!
What an amazing guy Mr. Smith was. I've found through life that the people who are truly altruistic and charitable are often those who grew up with nothing. Eddie Smith taught his children how to give back to a world that's been good to them and has left a wonderful legacy. Gosh, the country needs more people like Eddie Smith. ^_^
TDD
Wow, a great story. I admire people like that.
The middle and lower classes seem to despise the wealthier portion of society. While there may be good reason in some cases, Eddie Smith is to be admired. Everything he has, he earned. He uses what he earned to help others. Wish I could have met him.
The reason is class envy politics.
. Christ>
There is a Dr. Ben Carson who also puts us mere mortals to shame. His mom is quite a lady. She had only something like a 3rd grade education yet made Ben and his brother write book reports for her. She could barely read them. Dr. Carson is/was a hot shot surgeon. His brother is/was a manager at Honeywell. Dr. Carson gave a speech at the National Prayer Breakfast.
I don't believe you.
Ever notice that the "news" doesn't ask again in a month?
Dr. Ben Carson is one of my heroes. It's too bad there aren't more great Americans like him who have the respect of ALL the people. ^_^
TDD
I've never despised anyone who made their wealth through hard work unless that wealth was obtained through theft. I know people like that and in this area, a few who have made a great deal of money through nefarious means are now in prison. The class/wealth warfare that exists in the United States is purulent pathological propaganda purposely promoted pursuing proletariat public political protest propagating progressively portending probable pogroms against moneyed people. This poppycock is promulgated by Commiecrat politicians and all of the Liberal/Leftist press worldwide. ^_^
TDD
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