Why Being Filthy Rich is Bad for You (and the rest of us)

I mostly disagree with you because I believe in free enterprise.
You use the word usury to mean any money loaned for interest or invested money that interest is earned on. That definition isn't really used anymore and the term usury now means interest that is exorbitant. The only time exorbitant interest is charged is usually when people don't pay off their credit cards or bank loans or they deal with loan sharks.

The problem with calling interest charged on loans or earned on investments usury is that there is a need for people to borrow money and someone has to provide that service. No one is going to do that for free. Would you loan money to a stranger for free? How can they be sure people will pay them back? A lot of people don't. They can't stay in business by handing out money for free, so they charge interest.

Why shouldn't people who earn and invest money earn money from the investments?
Whether you consider this arrangement moral or not, that is the way it works unless you live in a socialist country where everybody shares the wealth.

Why would any bank or credit card company loan you money for free? So it's just as much the fault of the person who goes out and buys things they can't afford and doesn't keep their bills paid up as it is the credit card companies for compounding interest on unpaid charges. The whole point is the convenience of buying now and paying later. That's what they are selling. People can choose to not use credit or they can pay their bills on time to avoid paying high interest.

Also, I disagree with the idea that it's usury to live off interest earned from investments. Companies need money from investors, so why wouldn't they pay their investors dividends?
If someone works for the money (or yes, even inherits it from someone else who worked for it) and saves and invests it, what is wrong with not having to work anymore? Yes, it is okay to think your "imaginary fiat" money entitles you to more than someone who doesn't have any money. That's the way a capitalist country works. You make the money, you get to keep it and enjoy all the perks that come with it.

Having said that I do agree with the point that there is a ruling class that is grossly overpaid. Examples: sports figures, movie actors and singers. But...the public is willing to pay the price to see them and that's how capitalism works. If you feel that way then you could boycott movies and sports events and refuse to be part of that - but you know most people aren't going to do that.

If you give the people what they want they will pay for it. That's how people get rich. If someone owns a successful company that makes millions then they are entitled to keep their profits. I don't like the fact that CEOs and upper executives get paid ridiculously high salaries, but if the owners are willing to pay them that then that's their business because they think they are worth it. People are paid for having skills that businesses want. If they don't have those skills, then they are going to have low paying jobs.

Maybe the real problem is that there has been too much effort to make everybody equal (as in middle class). First you needed a college degree to get a decent job, now you can't even get a job with a degree. You need an associates degree just to get a janitor job now. Why did we send all these people to college on govt. loans so that they would be overqualified to do service jobs? Somebody has to do those jobs.

Why did the govt. push bankers to give house loans to people who couldn't afford them and who eventually defaulted?

I agree the factory jobs shouldn't have all been sent overseas. The companies wanted cheaper labor and that was greedy and disloyal to this country.
I don't think you can blame rich people for being rich because if we buy their products and services then we are all part of the game.

There is no crime in banks lending money. If they say "I will loan you $100,000 if you pay me back $110,000 over a 30 yr period". This is totally legitimate if it is your business...(actually, I need to think about this one. It could actually be ursury still?) It is the charging of interest at compounding rates that 'entraps' people and makes them slaves to the lender. That plus the fact that we live in a system that DEMANDS you participate or if you don't you are placed in the 'loser' class. If you are in the 'loser' class this, in thier minds, gives them a right to steal from you. So society becomes run with a 'gang' mentality where you must participate in the madness and participate in robbing the 'loser' class. If you don't participate then they just toss you into the 'loser' class.

I know this personally. I found a way out. I bought a small liveaboard sailboat and owned it outright, just me and the dog. Never felt so free in my life. I just paid a $300 docking fee a month and I was set. If I didn't even have that, oh well, I just anchored out in an anchorage and would dingy to shore and back, $0.

What happened? Eventually, after being chased off from place after place for NO valid legal reason, the COPS eventually STOLE MY BOAT... PIRACY... THE COPS

shorter


no matter how rich 'you' are

STILL IN AFRICA(and many other places) CHILDREN DYING....

EVERY MINUTE OR SO... fair? clear enough>? O_O

that's why IS NO GOOD

Apparently they just didn't try hard enough.. What happens if famine comes to 'civilized' countries?

Why doesn't this get pinned?

it crawls slowly ..

its not ''if'' - IT IS HERE, thing is -

people havent realized HOW BAD GMO is

and GMO is the way they ''support'' this economy..

its hallucination - its dead long time ago..

like the dollar and the EURO..


But I HAVE AN ANSWER

to your question ;DD

its more ancient than any hu-man..

Thread: Sun gazing - Calling only spiritual GLPers

try start practicing this ASAP - there's not much time..

O_O

ONE LOVE

Usury went from being an abominable sin to being allowable in certain situations, to being totally accepted, to having it's meaning changed and removed from the modern lexicon almost entirely. Now they tell you it's necessary for the market to function and it's required that you participate in one way or another. Look at where that road took us...

i like being rich,you would to if you were.

I have to disagree with you. If I work hard and EARN the money I make, who are you to tell me what I can do with the money. Thats what the American dream is all about. There are assholes rich and poor.

I could handle being filthy rich.

I'd spread the joy around like a cash sprinkler.

You apparently have totally misunderstood the thread subject, that "ursury" is a great sin that destroys a nation.

You conveniently cast aspersions on the poor, claiming that "oh, they are just lazy and want a handout" yada yada yada, and you cannot even address the subject with a brain.

How could you? It would mean facing the truth. The truth that what you turn into, the end product of you "path to happyness"= murder. You MUST come to the conclusions that you do to justify what your next move must be to maintain you wealth...murder.

Once you drain your "victims" and you either must now feed them out of your own pocket...since you KNOW they cannot feed themselves anymore, you admittedly TOOK everything they have...you "WON", remember?...now you see these "losers" as a threat, so you, instead of helping the poor, must set forth do do away with them...hey they are no good to you anymore and can only be costing you money, right? Them living and consuming is going to take away from your "happyness"...this is why ursery is WICKED to the core. It drives the practicers of it eventually to murder the poor.

It is all foretold in the Scriptures. This is why the rich have no use for God and his Word. It is a testimony against them. History shows this is true.

This is why you cannot even speak with any intelligence anymore. You are done. You eventually must go into your "animalistic" mode. You eventually "go ape", Mr. Rich.

I could handle being filthy rich.

I'd spread the joy around like a cash sprinkler.

You apparently have totally misunderstood the thread subject, that "ursury" is a great sin that destroys a nation.

You conveniently cast aspersions on the poor, claiming that "oh, they are just lazy and want a handout" yada yada yada, and you cannot even address the subject with a brain.

How could you? It would mean facing the truth. The truth that what you turn into, the end product of you "path to happyness"= murder. You MUST come to the conclusions that you do to justify what your next move must be to maintain you wealth...murder.

Once you drain your "victims" and you either must now feed them out of your own pocket...since you KNOW they cannot feed themselves anymore, you admittedly TOOK everything they have...you "WON", remember?...now you see these "losers" as a threat, so you, instead of helping the poor, must set forth do do away with them...hey they are no good to you anymore and can only be costing you money, right? Them living and consuming is going to take away from your "happyness"...this is why ursery is WICKED to the core. It drives the practicers of it eventually to murder the poor.

It is all foretold in the Scriptures. This is why the rich have no use for God and his Word. It is a testimony against them. History shows this is true.

This is why you cannot even speak with any intelligence anymore. You are done. You eventually must go into your "animalistic" mode. You eventually "go ape", Mr. Rich.