On Tue, 20 Apr 1999 09:08:25 -0500 "Billy Brown" <bbrown@conemsco.com> writes:
>Immortality would give everyone a chance to let compound interest turn
>their
>pennies into dollars, and their dollars into riches. Of course, if
>it
>becomes common for people to retire and live off their interest the
>economy
>is going to start looking pretty strange.
>
>Billy Brown, MCSE+I
>bbrown@conemsco.com
>
>
In the economic world, immortality already exists in a sense.
Corporations, banks, foundations, endowments, perpetual trusts,
governments and other such entities are potentially immortal. Some few
of those entities which have been in operation for a century or more have
compounded their gains into enormous wealth. (Example: DuPont, GE) But
that was in an environment where safe real returns on capital were in the
range of perhaps 4% to 8% per year.
Ron Kean
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