RE: The richest are the most generous? I think not.
January 2, 2014 at 9:52 am
(This post was last modified: January 2, 2014 at 9:56 am by là bạn điên.)
(January 2, 2014 at 7:45 am)Creed of Heresy Wrote: It gains interest. That's all it does.
It gains interest because it is lent out enabling people to start businesses and buy houses. I would never have been able to start my business without borrowing from the bank.
(January 2, 2014 at 7:51 am)Zen Badger Wrote:(January 2, 2014 at 7:45 am)Creed of Heresy Wrote: It gains interest. That's all it does.
Oh no, it does more than that.
It also keeps poor people poor when it is leant to them at ruinous interest rates in the form of mortgages.
Ruinous? You are paying on average 4% per annum in the USA and its about the same in the UK.
