General Discussion
In reply to the discussion: It was all about Wall Street all along. Apparently, this whole theater of the absurd [View all]Honeycombe8
(37,648 posts)When I said young people who can't afford to contribute to their 401ks may not understand the importance of it, it's because of (1) their youth (you know how young people think they'll live forever, and see life through a healthy prism, and old age is not even on their radar), and (2) because they can't participate, they don't give it a lot of thought. I know I didn't. (of course, there weren't 401ks when I was younger)
If you want those college kids to have jobs, then you are saying you want the stock market to be healthy. The stock market is a reflection of the health of businesses.
The fact that some cannot buy a computer is not a reason for YOU not to buy one. If you are wealthy, you can contribute to a charity that helps the poor buy computers, if you want. Or you can buy computers for people directly. But you probably have a computer, despite the fact that many around you can't afford one.
The middle class, as we ALL know, is the economic engine of the country. Many middle class people (not all) have 401ks or pension plans invested in the stock market. Their retirement security is dependent on it. That is a valid concern by me, by you, by our government.
The fact that rich people play in the stock market is no reason not to be concerned about the pensions and other retirement accounts of the middle class. Why don't you care about that? If you do, it does not mean you don't care about the poor. You can still hate the rich, if you want, even if you care about the stock market! So that should make you feel better!
My point is...the market is a huge part of our economy. If you want the economy to get better, then you want the stock market to do better, as well. They don't always go hand in hand every day, but generally they are both up or both down over a period of time.
So the question is...do you care if college kids have jobs and that the economy gets better? If you do, then you care that the stock market gets better. It's the same thing.
Notice that I didn't call you one name, or insult you in any way. That's called a discussion of an issue. It's usually done without name calling and personally attacking someone, esp when you didn't quite understand what you were responding to.