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Metalworking (rec.crafts.metalworking) Discuss various aspects of working with metal, such as machining, welding, metal joining, screwing, casting, hardening/tempering, blacksmithing/forging, spinning and hammer work, sheet metal work. |
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#1
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The rich pay less taxes
On Tuesday, December 31, 2013 7:12:24 AM UTC-5, jim wrote:
Honest bankers love CRA and corrupt bankers hate it. There is nothing corrupt about lending money to those most likely to pay back the loan. So what metalworking are you involved with now? Dan |
#2
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The rich pay less taxes
" wrote: On Tuesday, December 31, 2013 7:12:24 AM UTC-5, jim wrote: Honest bankers love CRA and corrupt bankers hate it. There is nothing corrupt about lending money to those most likely to pay back the loan. That is false. That statement may apply to loans sharks but banks are not supposed to be like loan sharks. Whether you like it or not banks are public utilities. If you don't like it then put your money with private firms where your deposits are not guaranteed by the taxpayers. The FDIC deposit taking banks do not lend money that already exists. Every new loan creates new dollars out of thin air. The power to create new money out of thin air flows from the power given to the lender by its govt charter. Such a lender has a moral obligation to provide credit to the community that supplies the deposits. To do otherwise is stealing wealth from the depositors with the help of the govt. If nothing is done to prevent banks from taking money from depositors in one community and making all its loans in the community where the banker lives then you have created a govt sponsored monopoly to funnel wealth out of the depositor's pockets into the banker's pockets. And when such a system exists corrupt bankers do take advantage of the govt sponsored theft to enrich themselves at the expense of the depositors. --- This email is free from viruses and malware because avast! Antivirus protection is active. http://www.avast.com |
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