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RE: Time And Value Are the Only Adversaries Of Universal Basic Income, Greenspan Just Predicted A Major Crash

in #basicincome7 years ago (edited)

I haven't owned a tv for 5-6 years now. Yes, the government is spending itself into bankruptcy. This has nothing to do with the fact that we need money. Money is a tool.

I like your little graph on employment. In it, you can see employment rising for the last 7 years. That doesn't support your little narrative. I wonder why you didn't go back a little farther? Before 1970's and the whole push for women having jobs, the total employment rate hovered between 54-58% for as far back as data was collected. The oldest graph I could find started in 1947. Why didn't you show that graph? I guess the facts don't support your little narrative.

Just because the US is bankrupt, (I think it went bankrupt in 1972), doesn't mean that individuals can't succeed. But it takes effort. It takes smarts. It takes deferring gratification and saving and investing.

This is not as fun as posting about how the world is going to end.

Here is a simple rule to guarantee success: Live on half your income and invest the other half.

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