An economist laments the billions wasted each year on gifts no one wants.

[DragonflyProperties]

Hi all,

This article is from current issue of Canadian Business magazine. It is about a Wharton Economics professor who has written a book called, "Scroogenomics: Why You Shouldn`t Buy Presents For The Holidays." I have to say I agree with the theme and prefer to give cash and/or gift certificates myself. I have been proposing my idea that we all just keep our money and buy ourselves something that we really want/need. As you might imagine, it doesn`t have a lot of supporters.

http://www.canadianbusiness.com/after_hour...118_10027_10027

Keith

 

[willy]

Sounds like a brilliant idea to me.

 

[AndrewMacDonald]

QUOTE (willy @ Dec 9 2009, 05:56 PM) Sounds like a brilliant idea to me.

I`d also agree. My family has been embracing this idea for a few years now. The cold hard cash gets rid of the lost utility when you buy something the recipient doesn`t really want. As an added bonus, cash goes twice as far during the 1/2 off sales of Boxing week and early January.

That being said, there is still some immeasurable value experienced unwrapping the right surprise.

 

[Thomas Beyer]

QUOTE (DragonflyProperties @ Dec 9 2009, 02:22 PM) .. As you might imagine, it doesn`t have a lot of supporters.
especially among retailers ..