PoliTalker
Diversity Makes Greatness
Hello Celticguy,
The regulations were not strong enough. They allowed greed to spoil the concept and foil the goal. The economy is great now but that one word does not paint the whole picture. Just because the economy is great does not mean that millions are not still struggling just to get by, or that home ownership is not way down. Where is the wealth of the country? I'll tell you where it is: In too few hands. The richest have a heavily disproportionate share because those on the struggling end have been screwed out of opportunity and success, held back by the greedy rich.
How many people are living paycheck to paycheck, unable to get out of debt?
How may people are paying usury interest rates to payday loan joints and can never escape car payments to buy-here-pay-here rip-off car lots?
I wanted a used car one time and walked into one of those places to inquire about a car displayed outside I liked. I didn't know it wa a buy-here-pay-here. It didn't say that outside. It was a nice clean lot. I asked them how much. They wanted me to fill out a credit form before they would even answer. I said no. I explained that I had plenty of money and would be paying cash. They wouldn't even sell the car for cash! They showed me the door.
What has gone wrong with our economy when money no longer talks?
They wouldn't sell any cars for cash because those cars are worth so much more on credit. They put a GPS locator device on the car and hope the payments-only buyer defaults. Then they go repo the car and put it back on the lot. Often times they will sell the same car multiple times. Each time they sell it and repo it, they pocket all the payments made, then price it back up and get somebody else on the hook for it. In this way, they can get many times what the car is actually worth. No wonder they would not even sell it for cash.
And that wasn't the only lot. That 'brand name' lot has multiple locations. Very impressive clean lot with modern marketing, clean office. I bet the guy who owns that business is filthy rich. He probably goes around scouting locations to set up additional lots cookie cutter style. Then he hires workers to dress well, look impressive, all appearing on the up and up. And what he really does is get struggling young and dumb buyers on the hook for regular payments. No credit no problem. $500 down and you're driving. He WANTS the people with the worst credit and big financial problems. That is his ideal customer. As long as they can make the down payment they are sent off with a car and a sincere hope they will default.
This is not a healthy economy. This rich guy is fleecing struggling buyers. Here is an example of the rich holding the poor back, preventing them from gaining success, preventing them from building wealth. He is no better than a slum lord. The only difference is he does it with cars. He's probably got a very expensive home and lots of expensive toys. He can throw money around like nothing. Comes easy to him. He has set up a money production operation based on despair and shattered lives. There should be a law against this.
Health care is just as bad. Big insurance gets their hands workers' money before they ever see it. It comes out of their paychecks as withholding and even further back up the wealth stream, directly from the employer. We don't need to cut taxes to free up business. What we need to do is cut crippling health care payments from business! When we go to a nationally funded system it will free up business from the burden of making health care payments. That is getting to be a bigger expense than taxes!
The regulations were not strong enough. They allowed greed to spoil the concept and foil the goal. The economy is great now but that one word does not paint the whole picture. Just because the economy is great does not mean that millions are not still struggling just to get by, or that home ownership is not way down. Where is the wealth of the country? I'll tell you where it is: In too few hands. The richest have a heavily disproportionate share because those on the struggling end have been screwed out of opportunity and success, held back by the greedy rich.
How many people are living paycheck to paycheck, unable to get out of debt?
How may people are paying usury interest rates to payday loan joints and can never escape car payments to buy-here-pay-here rip-off car lots?
I wanted a used car one time and walked into one of those places to inquire about a car displayed outside I liked. I didn't know it wa a buy-here-pay-here. It didn't say that outside. It was a nice clean lot. I asked them how much. They wanted me to fill out a credit form before they would even answer. I said no. I explained that I had plenty of money and would be paying cash. They wouldn't even sell the car for cash! They showed me the door.
What has gone wrong with our economy when money no longer talks?
They wouldn't sell any cars for cash because those cars are worth so much more on credit. They put a GPS locator device on the car and hope the payments-only buyer defaults. Then they go repo the car and put it back on the lot. Often times they will sell the same car multiple times. Each time they sell it and repo it, they pocket all the payments made, then price it back up and get somebody else on the hook for it. In this way, they can get many times what the car is actually worth. No wonder they would not even sell it for cash.
And that wasn't the only lot. That 'brand name' lot has multiple locations. Very impressive clean lot with modern marketing, clean office. I bet the guy who owns that business is filthy rich. He probably goes around scouting locations to set up additional lots cookie cutter style. Then he hires workers to dress well, look impressive, all appearing on the up and up. And what he really does is get struggling young and dumb buyers on the hook for regular payments. No credit no problem. $500 down and you're driving. He WANTS the people with the worst credit and big financial problems. That is his ideal customer. As long as they can make the down payment they are sent off with a car and a sincere hope they will default.
This is not a healthy economy. This rich guy is fleecing struggling buyers. Here is an example of the rich holding the poor back, preventing them from gaining success, preventing them from building wealth. He is no better than a slum lord. The only difference is he does it with cars. He's probably got a very expensive home and lots of expensive toys. He can throw money around like nothing. Comes easy to him. He has set up a money production operation based on despair and shattered lives. There should be a law against this.
Health care is just as bad. Big insurance gets their hands workers' money before they ever see it. It comes out of their paychecks as withholding and even further back up the wealth stream, directly from the employer. We don't need to cut taxes to free up business. What we need to do is cut crippling health care payments from business! When we go to a nationally funded system it will free up business from the burden of making health care payments. That is getting to be a bigger expense than taxes!
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