[lbo-talk] corporate campaign spending limits, he dead

John Thornton jthorn65 at sbcglobal.net
Mon Jan 25 16:47:35 PST 2010


Joseph Catron wrote:
> In fairness to the Trotskyists, nearly all of us with any kind of private
> investments or retirement accounts have vested interests in the nastiest of
> places. Really, the only way to
> eliminate moral culpability in the awfullest things in the world is to
> resign oneself to being old and poor, which is more of a sacrifice than most
> of us will be willing to make.

Last time I read anything on the subject 60% of Americans had no type of investments. IIRC of the 40% who do own investments roughly half of those are less than $20K. Only about 25% of the US population has investments in any slightly meaningful way. Is the thought of joining the ~70% majority really so terrible? If ~70% don't have any such investments how can one label it "necessary" as many are quick to do?

John Thornton



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