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Why save? It's actually a provably bad idea to save money when the rich/government are actively undermining your savings and livelihood. Better to enjoy your mo
by cellis 12y ago
Why save? It's actually a provably bad idea to save money when the rich/government are actively undermining your savings and livelihood. Better to enjoy your money or try to actually invest it (note, not the same as saving).
- lutusp 12y ago> It's actually a provably bad idea to save money when the rich/government are actively undermining your savings and livelihood. This is like arguing that it's pointless to breathe because we'll all end up dead anyway. Even in the face of governmental mischief and deliberate inflation, saving or investing money may still represent the best of competing choices. I emphasize I'm not talking about a bank savings account -- that's really a losing proposition.
- mahyarm 12y agoWhen people say save, they also mean your brokerage accounts full of index funds.