- Capitalism and Alternatives -

Manipulating fancy

Posted by: bill on October 06, 1999 at 11:53:01:

In Reply to: Manipulating stats posted by Stuart Gort on October 05, 1999 at 18:57:48:

:Again, Barry $40.00 per week for 50 years at 10.5% gets you 4.5 million! In addition, there are Roth IRA's which allow every penny of the $2000.00 per year contribution to be tax deferred until age 59. No comparable collectivist example exists of such provision.


There is of course social security - currently rather regressive. I'm not a statistician, but your cutsy pencil playing sounds suspiciously like those MLM and pyramid schemes that collapse once the base from which to draw (your 10.5% interest) runs out.

(but then maybe (like Newton?) I'm just congenitally suspicious of getting 'something' from 'nothing')

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