<[email protected]> wrote: > People tend to save over their working careers, would one require the > retirees to > give up their savings?
no-one ever got rich from saving during working years. A back-of-the-envelope (or back-of-the-spreadsheet) calculation says that if you save 10% of income every year for 45 years (and earn 5%) interest, your nest egg consists of about 5 years of your income. (Both 5% and 10% are generous.) > If a person wins the lottery, would they be required to give up their > winnings? ideally, we should get rid of lotteries ASAP. They're taxes on the desperate or uneducated. -- Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
