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Old 05-10-2009, 10:14 AM
 
Location: Monroe, Louisiana
887 posts, read 2,613,023 times
Reputation: 529

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Quote:
Originally Posted by Tricky D View Post
Originally Posted by LSU Tiger Z71 Because the whole system became to complicated for the average Joe to understand it correctly and the banker never explained his client how it really works ( maybe because he doesn't understand it himself?).
If a banker only cares about himself and doesn't care about his client, which is the case when greed comes into play, the whole system will eventually come crashing down.

Learn to read English, I wrote:
You wrote:
while capitalist wants to spread the wealth.

Learn to write proper English as well.

I haven't found an investment that can't be understood and my broker does a very good job of explaining the investment to me. I also do independent research.
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Old 05-10-2009, 10:16 AM
 
Location: 125 Years Too Late...
10,296 posts, read 9,975,609 times
Reputation: 9074
Quote:
Originally Posted by jtur88 View Post
Today's technology is capable of giving wings to what in the past had no chance of going beyond whimsy. There is a whole new dimension to truth. ... the technology exists to locate the truth in an unimaginably vast body of knowledge. I can find out in seconds in my living room what used to take a week in a library.
Absolutely. This is one of the few things that I am actually excited about on a daily basis in our modern world--all of this wonderful information that in the past was either not available in a practical sense, or as you stated, took weeks of searching in libraries. What we now have at our fingertips is incredible. Thinking back just a few decades, the way we 'used to do it' now seems ridiculous and almost comical. Although I sometimes question the worth of many modern Ďconveniences,í this one is, without question, truly revolutionary and liberating in scope.
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Old 05-10-2009, 10:17 AM
 
Location: Monroe, Louisiana
887 posts, read 2,613,023 times
Reputation: 529
Quote:
Originally Posted by jtur88 View Post
Auto leases come with contract terms and disclosures, too. But people keep leasing them anyway.

I'm glad you are smart. What are we to do with those who are not? Just keep on robbing them blind? Like the ones who give you money in exchange for a tan?
You seem to believe that as a society, we have a duty to protect those who are not able to make correct choices. I have no duty to such a thing. However, there are people who believe they do have that responsibility.

If the person is autistic or has a brain disability-- its a different story. However, I doubt this person will lease a car anytime soon.
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Old 05-10-2009, 10:27 AM
 
Location: The Netherlands
8,567 posts, read 14,516,394 times
Reputation: 1573
Originally Posted by LSU Tiger Z71
Quote:
Capitalists do not want to spread the wealth? Where did you get this from?
So you admit that I never wrote that capitalists donít want to spread the wealth.
If so why the heck ask me a question about something Iíve never posted?

Quote:
You wrote:
while capitalist wants to spread the wealth.

Learn to write proper English as well.
That is proper English.
Capitalists, opposed to communists who want to equally distribute poverty over the population, want to equally distribute wealth over the population.
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Old 05-10-2009, 10:28 AM
 
Location: Victoria TX
42,668 posts, read 71,538,289 times
Reputation: 35864
Quote:
Originally Posted by LSU Tiger Z71 View Post
You seem to believe that as a society, we have a duty to protect those who are not able to make correct choices. .

I don't just "seem" to believe that---I absolutely and emphatically and unequivocally believe that.

We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, . . . .

For example, are you in favor of economically supporting public schools, to bring basic education to children whose parents are "not able to make correct choices", and would not educate their children if it were up to them?
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Old 05-10-2009, 10:29 AM
 
Location: Monroe, Louisiana
887 posts, read 2,613,023 times
Reputation: 529
Quote:
Originally Posted by jtur88 View Post
I don't just "seem" to believe that---I absolutely and emphatically believe that.

We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity,
Sure! The government has every right to promote the general Welfare.
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Old 05-10-2009, 10:31 AM
 
Location: Monroe, Louisiana
887 posts, read 2,613,023 times
Reputation: 529
Quote:
Originally Posted by Tricky D View Post
Originally Posted by LSU Tiger Z71 So you admit that I never wrote that capitalists donít want to spread the wealth.
If so why the heck ask me a question about something Iíve never posted?

That is proper English.
Capitalists, opposed to communists who want to equally distribute poverty over the population, want to equally distribute wealth over the population.
No, they don't want to equally distribute wealth over the population.

You looked into my ? mark too much.

Its like this:

1+1=2? as in being sarcastic.

My bad.
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Old 05-10-2009, 10:34 AM
 
Location: The Netherlands
8,567 posts, read 14,516,394 times
Reputation: 1573
Originally Posted by LSU Tiger Z71
Quote:
No, they don't want to equally distribute wealth over the population.
Ah, so you are agreeing with me that capitalists only care about themselves?
That they don't care about the public welfare?
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Old 05-10-2009, 10:38 AM
 
Location: Monroe, Louisiana
887 posts, read 2,613,023 times
Reputation: 529
Quote:
Originally Posted by Tricky D View Post
Originally Posted by LSU Tiger Z71 Ah, so you are agreeing with me that capitalists only care about themselves?
That they don't care about the public welfare?
Sure.

The quality of public welfare increases with freedom of the market.

Someone can volunteer for a charity and operate a bank.
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Old 05-10-2009, 10:43 AM
 
Location: The Netherlands
8,567 posts, read 14,516,394 times
Reputation: 1573
Originally Posted by LSU Tiger Z71
Quote:
The quality of public welfare increases with freedom of the market.
LoL, you still haven't learned anything from the current credit crisis, have ya?
If you keep offering your people credit cards they'll keep maximizing them even when they can't pay off the loans.
But I guess this isn't a concern of yours.
Or of America.
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