In praise of misers.

Amy Sweet

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Yuck!

I found this article- sometimes it's hard to believe that there are people who think like this.:rolleyes: But then, they are here too.

What I Like About Scrooge
In praise of misers.
By Steven E. Landsburg
Posted Thursday, Dec. 9, 2004, at 11:18 AM PT



Here's what I like about Ebenezer Scrooge: His meager lodgings were dark because darkness is cheap, and barely heated because coal is not free. His dinner was gruel, which he prepared himself. Scrooge paid no man to wait on him.

Scrooge has been called ungenerous. I say that's a bum rap. What could be more generous than keeping your lamps unlit and your plate unfilled, leaving more fuel for others to burn and more food for others to eat? Who is a more benevolent neighbor than the man who employs no servants, freeing them to wait on someone else?

Oh, it might be slightly more complicated than that. Maybe when Scrooge demands less coal for his fire, less coal ends up being mined. But that's fine, too. Instead of digging coal for Scrooge, some would-be miner is now free to perform some other service for himself or someone else.

Dickens tells us that the Lord Mayor, in the stronghold of the mighty Mansion House, gave orders to his 50 cooks and butlers to keep Christmas as a Lord Mayor's household should—presumably for a houseful of guests who lavishly praised his generosity. The bricks, mortar, and labor that built the Mansion House might otherwise have built housing for hundreds; Scrooge, by living in three sparse rooms, deprived no man of a home. By employing no cooks or butlers, he ensured that cooks and butlers were available to some other household where guests reveled in ignorance of their debt to Ebenezer Scrooge.

In this whole world, there is nobody more generous than the miser—the man who could deplete the world's resources but chooses not to. The only difference between miserliness and philanthropy is that the philanthropist serves a favored few while the miser spreads his largess far and wide.

If you build a house and refuse to buy a house, the rest of the world is one house richer. If you earn a dollar and refuse to spend a dollar, the rest of the world is one dollar richer—because you produced a dollar's worth of goods and didn't consume them.

Who exactly gets those goods? That depends on how you save. Put a dollar in the bank and you'll bid down the interest rate by just enough so someone somewhere can afford an extra dollar's worth of vacation or home improvement. Put a dollar in your mattress and (by effectively reducing the money supply) you'll drive down prices by just enough so someone somewhere can have an extra dollar's worth of coffee with his dinner. Scrooge, no doubt a canny investor, lent his money at interest. His less conventional namesake Scrooge McDuck filled a vault with dollar bills to roll around in. No matter. Ebenezer Scrooge lowered interest rates. Scrooge McDuck lowered prices. Each Scrooge enriched his neighbors as much as any Lord Mayor who invited the town in for a Christmas meal.

Saving is philanthropy, and—because this is both the Christmas season and the season of tax reform—it's worth mentioning that the tax system should recognize as much. If there's a tax deduction for charitable giving, there should be a tax deduction for saving. What you earn and don't spend is your contribution to the world, and it's equally a contribution whether you give it away or squirrel it away.

Of course, there's always the threat that some meddling ghosts will come along and convince you to deplete your savings, at which point it makes sense (insofar as the taxation of income ever makes sense) to start taxing you. Which is exactly what individual retirement accounts are all about: They shield your earnings from taxation for as long as you save (that is, for as long as you let others enjoy the fruits of your labor), but no longer.

Great artists are sometimes unaware of the deepest meanings in their own creations. Though Dickens might not have recognized it, the primary moral of A Christmas Carol is that there should be no limit on IRA contributions. This is quite independent of all the other reasons why the tax system should encourage saving (e.g., the salutary effects on economic growth).

If Christmas is the season of selflessness, then surely one of the great symbols of Christmas should be Ebenezer Scrooge—the old Scrooge, not the reformed one. It's taxes, not misers, that need reforming.


Steven E. Landsburg is the author, most recently, of Fair Play: What Your Child Can Teach You About Economics, Values, and the Meaning of Life. You can e-mail him at armchair@troi.cc.rochester.edu.


http://slate.msn.com/id/2110817/?GT1=5936
 
An economy is about creating goods and services and making sure they get to people who need and can use them.

Scrooge did diddly squat on that front.

Furthermore, the value of selfishness and selflessness cannot be measured with money.

Mr. Lansberberg simply proves Heinlein's aphorism, "An expert is someone who knows more and more about less and less until finally he knows everything about nothing at all."
 
Steven E. Landsburg is mixing two motives by their outward appearance.

Scrooge was not a miser to leave more for others, but to amass more for himself:


Oh! But he was a tight-fisted hand at the grindstone, Scrooge! a squeezing, wrenching, grasping, scraping, clutching, covetous old sinner! Hard and sharp as flint, from which no steel had ever struck out generous fire; secret, and self-contained, and solitary as an oyster. The cold within him froze his old features, nipped his pointed nose, shrivelled his cheek, stiffened his gait; made his eyes red, his thin lips blue; and spoke out shrewdly in his grating voice. A frosty rime was on his head, and on his eyebrows, and his wiry chin. He carried his own low temperature always about with him; he iced his office in the dog-days; and didn't thaw it one degree at Christmas.

The difference between Ebenezer Scrooge and the Lord Mayor is between two fanatical extremes. One is the grinding, self-inflicted poverty of miserhood, the other is the self-aggrandizement of wasteful conspicuous consumption.

Neither extremes denote particularly admirable people. Rationality lies somewhere in-between.
 
rgraham666 said:

Mr. Lansberberg simply proves Heinlein's aphorism, "An expert is someone who knows more and more about less and less until finally he knows everything about nothing at all."

I love that!
 
I see nothing wrong with Ebenezer Scrooge's miserly ways. It's his money to spend or save. If he doesn't pay his employees enough because he is so cheap, then they should work for someone else. If he prefers to live the way he does and hold onto his money at the expense of his own personal comfort, so be it. I have always thought everyone should have just left Scrooge alone and let him be a miserable old bastard as long as he wanted to. As a matter of fact, I was modeling myself after Scrooge. I can squeeze a penny until Abraham Lincoln screams. I still have actual cash in my dresser drawers from jobs I worked when I was 13, and I'm 35 now.

The article seemed to be sort of tongue in cheek, but he did have some interesting points.
 
I always thought Scrooge's sin was that he cheated his way into the money and then wouldn't relinquish it for anyone, including himself. He would rob and evict the elderly, treat Crachitt like shit, and shut down his soul, all to gain money he then never would use.

I'm not an opponent of thrift, nor am I condoner of excess, but I thought the issue surrounded the world of empathy and the stupidity of doing anything for money and then not using it for anything. Like the rich fuckers who swindled all they could just to leave it to heirs never giving a penny to anyone and never caring. Like the current rich, who whine for tax cuts to create new jobs and then layoff a couple thousand people.

But that may just be me. And my opinion is hardly that of an expert's. After all, I never took an Introduction to Lyin-I mean Economics class.
 
Maybe you should read The Millionaire Next Door, by Thomas Stanley (yeah, I know, it's a real book, not something you can Google search. Try the goddamn library.)

Or how about Rich Dad, Poor Dad by Robert Kiyosaki which will show you how to make your children successful.

I know, when you're poor, how easy it is to point a spiteful finger at wealthy people like Bill Gates (who recently forgot his wallet at Dick's, and was unable to pay for his meal) ... but there is a reason they're wealthy. Part of that is not spending more than you earn, a very simple formula.

I don't see anything wrong with misers. What's the alternative -- spend beyond your means? Apply for government assistance? Expect the state to bail you out of your poor decisions?

At least misers save for the future, that proverbial "rainy day."

One of Bill Gates' stated objectives (aside from ensuring his childrens' higher education, of course) is to give away his entire fortune by the time he dies. Check out the Bill and Melinda Gates Foundation website if you don't believe me.
 
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Seattle Zack said:
Or how about Rich Dad, Poor Dad by Robert Kiyosaki which will show you how to make your children successful.

Not sure if reading the fictional ramblings of an amway pitchman will teach you how to make your children successful, but that's just me.
 
The nice thing about living in a capitalist society is that any number of lifestyles are available from which to choose.

If you want to live like Scrooge, fine. Eventually, your competitors will eat you up because your low paid, almost certainly borderline incompetent, employees will give away your business. However, you have the right to go to hell in your own fashion.

If you want to live like the Lord Mayor, fine. At some point in time, your lifestyle is likely to collapse due to your profligate ways, but until then eat, drink and be merry!

As has been pointed out, perhaps a lifestyle somewhere in between Scrooge and the Lord Mayor may be more practical. However, anyone can choose to try the in between lifestyle, just as they can try the extreme lifstyles.

In a communist or dictator run government, you do not choose your life style, the government does. I have worked for both communist and dictator run governments. I have actually seen what life is like there. You really don't want to know.
 
I think Dickens' point about Scrooge was spiritual rather than financial. He is a miser in all senses of the word - not close merely with cash, but with love, mercy, beauty, peace, and all other laudable moral qualities. He is not an attack on thrift, but on insularity, lack of love for others, and selfishness on all levels. The money, I think, is merely a symbol and symptom of his behavior on the whole.

Shanglan
 
R. Richard said:
The nice thing about living in a capitalist society is that any number of lifestyles are available from which to choose.

I found this really fucking funny!

Unless I can make a living as a writer, I don't have a place in this capitalist society of ours.
 
BlackShanglan said:
I think Dickens' point about Scrooge was spiritual rather than financial. He is a miser in all senses of the word - not close merely with cash, but with love, mercy, beauty, peace, and all other laudable moral qualities. He is not an attack on thrift, but on insularity, lack of love for others, and selfishness on all levels. The money, I think, is merely a symbol and symptom of his behavior on the whole.

Shanglan

that was beautiful and astute.
 
Amy Sweet said:
Though Dickens might not have recognized it, the primary moral of A Christmas Carol is that there should be no limit on IRA contributions.

Someone please tell me that that acronym has another meaning apart from Irish Republican Army.

The Earl
 
TheEarl said:
Someone please tell me that that acronym has another meaning apart from Irish Republican Army.

The Earl

Individual Retirement Account.

Also, International Reading Association - so my mother is in fact a member of the IRA.

Shanglan
 
BlackShanglan said:
Individual Retirement Account.

Also, International Reading Association - so my mother is in fact a member of the IRA.

Shanglan

Okay, that makes me feel a bit better.

Broken record? Moi?

The Earl
 
Joe Wordsworth said:
Fuck the poor. If they just worked a little harder, saved a little smarter... they wouldn't be poor.


Jesus Joe. Could you please find another hobby? This "making incendiary statements disguised as sarcasm" one is getting old...
 
Earl...what the hell are you doing up so early...in fact, what the hell am I doing up so early?

Joe love, *edited* I get the joke now, so willtake out far too serious reply. Noting that EL should not try and thinkso early in the day*L*
 
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Belegon said:
Jesus Joe. Could you please find another hobby? This "making incendiary statements disguised as sarcasm" one is getting old...

No "hobby". It was a joke. Lighten up.
 
English Lady said:
Earl...what the hell are you doing up so early...in fact, what the hell am I doing up so early?

Early? I haven't gone to bed yet.

Ah, the joys of an all-nighter. I'm sure one of them will come back to me any second now.

The Earl
 
TheEarl said:
Early? I haven't gone to bed yet.

Ah, the joys of an all-nighter. I'm sure one of them will come back to me any second now.

The Earl


*LOL* I hope you get some sleep soon then Earl love!
 
Belegon said:
Jesus Joe. Could you please find another hobby? This "making incendiary statements disguised as sarcasm" one is getting old...

This may be personal preference, but I prefer Wiseass Joe to Robo Joe. Proves he's human.

And Earl, know what you mean, tonight's another one of a series of all-nighters for me. Refrigerator burgeoning with caffeine: X dollars. IV set up and Clockwork Orange eye clamps: X dollars. Not having to cram because you aren't actually spending 6-8 hours asleep: Priceless.
 
When you make money, you have every right to spend it as you choose. That right certainly includes the option not to spend. I'm sure if Amicus were here, he would note that your right to do so is being infringed upon by government taxing you to throw that money away on charity. And that too is an option, the giving of what you have earned to others.

Dicken's point, about Scrroge, I believe, is that he operated like a black hole. He took in money, and other assets, but never released anything, neither the money itself, nor the general good will a man with so much should have been able to dispense. Good will, smiles, encouragement, mercy, these things require no outlay of cash. Yet scrooge could not give even thses, in fact, he was incapable of giving anything.

Scrooge's sin is not that he had more money than Cressus. It isn't that he didn't give that money away. In point of fact, it isn't even about how he made his money. When you look at the scenes shown to him by the ghosts, they aren't scenes of rich people giving money away, they are scenes that have to do with the better (and worst) instincts of man. The story is a morality play and the money isn't really central to the theme, it's just a plot device. A means at his disposal to do good, if he would only open his heart.

The author here is being very tongue in cheek I think. Finding the "good side" to Scrooge. His point is about money though, i.e. the man who saves money is doing good with it. If no one saved, your bank could not lend. Can you imagine this country if there were no more credit? No more loans to buy homes of cars? If you had to pay for even major purchases in cash or do without? If that were the case, the divide betweenthe haves & have nots would be glaring indeed.

For me, I respect those who can live and hang on to their money. What Dickens dosen't address and the author here fails to see, is that having money is essential to the mental well being of many people. I'm poor, pretty desperatly poor right now, but I have a little over 5K in my IRA & about that in my old 401K from when I could work. I can't touch it, unless the need were dire, but just knowing, should the worst come to pass, that I have something makes life a lot less scary to me. Five thousand dollars will get me home. There is a peace of mind that comes with that, because I know if I get home, I'll not end up on the street or in grinding poverty.

Misers take that need for security to the extreme, forseeing all sorts of disasters which their money can shield them from, but their minds can always invent even more disaterous doomsday scenarios, by which the need for even more money becomes paramount. In the end, their money becomes the disaster, because there can never be enough to satisfy their fear of having none. they sacrifice all the good things their dollars could bring to their life in the here and now, for an uncertain protection against the horrors of the future. They loose out both ways, neither enjoying the here and now to it's fullest, or enjoying the future and it's prospects, since tomorrow never comes and that's just when they might need their money.
 
It's important to also remember the part where the ghost of Christmas present shows Scrooge the two children hidden beneath his robes.
"The boy is ignorance and the girl is want, but beware the boy for on his brow is written 'doom'."

Ignorance has been the downfall of many...when combined with apathy it makes a potentially dangerous cocktail.
 
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