Reply #16: Not true...

[sendero]

..." every stock that is enriching the wealthy is just a piece of paper" - sorry, that is simply not true. Each share of stock represents a fractional ownership of a company. Now it is true that some companies have little in the way of physical, tangible assets, but most do.

When the government buys bonds from itself all it is really doing is laundering the money so they can spend it now, and promise to pay it back later. They will pay it back by raising the money through taxation. It is a workable system, if managed well. It isn't being managed well, and the repukes want to manage it even less well.

"This is also the reason I want to own my home free and clear asap" - a laudable goal, one I (I'm not bragging, really :)) have already achieved. In fact, I hate debt and have not borrowed a cent (except for buying real estate) since 1980, when I got really mad about a small loan I needed to buy a car - the company (Aetna) all but lied about the terms of the deal and it sucked big time. I would rather do without and let others pay me interest than vice versa :)