John Edwards has been showing contempt for yet another group of Americans: the ones that 'live off of dividends'. While this may appear to be a subset of 'the wealthiest Americans' that Johns Edwards and Kerry both already despise, it isn't. Let's call them dividend sucks.
Not all of them live in the manner of the wealthy, with mansions in Italy and apartments on Park Avenue. Some of these folks live right in our middle class neighborhoods. Many of them are retired, but most are still contributing to our society. Other dividend sucks live in nursing homes and assisted living facilities.
It seems to me that, aside from the unavoidable unpleasantries of life, these dividend sucks have it pretty good. Could I get such a position? If I could live off of dividends, I'd have more time to enjoy life. Assuming, of course, it isn't a real job requiring actual work.
I'll post a follow-up as soon as I figure out what it takes to get me on the dividend gravy train.
October 09, 2004
Subscribe to:
Post Comments (Atom)
You have to earn the money to buy the stocks that pay the dividends. Or you must inherit the money from someone who worked to earn it AND forewent spending it to pass it on to you. I'll bet John Edwards (who?) cashes a dividend check or two himself.
ReplyDelete