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I can believe this.... I'm sure there are tons of places that operate in the same manner.
So its similar to the loan sharking and aggressive loans targeting towards the poor.... well.. not really just the poor... but more likely the uneducated... which in turn tends to be the poor.
The people that need $20 now and can't see that it will cost then $100 dollars later to get it. If you save up for upcoming expenses you don't need to borrow. But on SSI you can't do that. That should change.
One thing that baffles the hell out of me when I listen to many people who consider them self's left-leaning is when they talk about the rich and capitalism in a negative way and how the wealthy want every to be poor.
Perhaps I am missing something, but how is it possible to make money of others being poor? How is poverty profitable? How can a rich dude become richer by making someone else poor? Please explain the economics behind this to me.
- Listen, I said that you need to WORK IN A STEM position. If you work in the IT booming area over there in California, that's a STEM founded company, especially if you are marketing and selling the IT Solutions in some capacity.
- History and Journalism are totally worthless, it would have been better to major in IT and obtain a host of certifications. You can minor in a liberal art, but don't allow that to be your specialty, it can be something that just "rounds you out".
- So what that they can be filled by Foreigners? That's the new market my friend, we are a GLOBAL market. Your STEM skills are in demand GLOBALLY not just in the US.
- Age Discrimination? What are you talking about? Listen, we are in a Specialized Skill economy that is founded on Science, Technology, Engineering and Math. More specifically, it's founded on Healthcare, Medicine, Nursing, Healthcare Management, All forms of Engineering, Computers, IT, Finance, Accounting, and Banking. You can also throw in Education in here as well. You need to position yourself to be within one or multiple of these fields.
Those jobs are often very exclusive and hard to get into.
I have a buddy that owns a 32 unit apartment complex (4 buildings). He paid it off thanks to people being in poverty. When the state guarantees a huge check every month for every everyone on Section 8, it doesn't take long for an owner to make money off poverty.
There is a limited amount of wealth to be had. The rich keep getting richer by taking more of the wealth, leaving less wealth for everyone else.
This is the essence of poverty thinking. The economy expands most years. That means income and wealth increase, too. The problem we have in America is we enjoy creating obstacles and/or engaging in wealth destroying behaviors such as:
--Having kids as teens.
--40% out of wedlock birth rate.
--high divorce rate
--blowing money on tattoos, cigarettes, alcohol & drugs.
--getting pets before we really can easily afford adequate living space for them.
--Average living space per person keeps growing.
Then we wonder why we can't get ahead. Are there true hard luck cases? Sure, maybe 20%. I want to talk about the 80% majority where people are engaging in self sabotaging behavior.
I used to make money in the stock market. Not much but as a recent grad with student loans it was better than having my money lose value from inflation.Went the dividend reinvestment route which really helps. But then the grace period on my loans expired (6 months after graduation), also had to start paying more on my car insurance (no more good student discount) and some other things, just part of moving on. Had to sell about 95% of my stocks. Held on to the one that wasn't performing as well in hopes of not selling it for a loss. Really disappoints me. I had made a good bit of money, all just by having money in the first place. Now that money from work goes straight to Sallie Mae and other places.
In other words, you probably shouldn't have been buying stocks in the first place if you knew you had student loan payments coming due in 6 months. Stock market investments are supposed to be held for mroe like 6 years (or longer), not 6 months.
Mankind is in a constant state of warfare. We are warlike creatures, it is our nature.
It is a truth that wars between nations are simply a redistribution of wealth, with the winner gaining the spoils. It has always been this way and probably always will be. Capitalism is simply a manifestation of war conducted during "peaceable" times.
Unfortunately, true. It also explains why socialism also doesn't work. It doesn't change man's warlike nature because there will always be people who will try to game any economic system that is created.
The people that need $20 now and can't see that it will cost then $100 dollars later to get it. If you save up for upcoming expenses you don't need to borrow. But on SSI you can't do that. That should change.
People who live on a poverty level shoestring can't always plan ahead seamlessly because they have little or no margin for financial error. Modest unexpected expenses or slow payment of money owed them can unravel their finances quickly and easily.
Expenses that would be a minor irritation to most of us can be a crisis for these people.
When you are living on a poverty level shoestring, there is little or no margin for financial error.
For example, when you have to share housing with other people (because you are poor), the flakiness of other people often puts you in financial danger. As a college student I once came home to lights out because a housemate's $9 check for electricity bounced. When you're poor you might not be able to carry a housemate's share of the rent or utilities. (In this case, the electricity was in a third housemate's name and the rest of us did not know of the deficiency until the power was turned off.)
When you are poor, some financial difficulties are your fault, and some financial difficulties are entirely caused by other people's nonperformance. As long as renting is an unequal power relationship, that's mot going to change.
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