jackpot
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Yes i think it,s wrong but what can you do. Obviosly it pays if you have entrusted large amounts of money with the bank. The system is wrong, start your own bank that rewards poor people and sign me up. |
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jude_caryer
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Perhaps it might be better to think of it as those with money in the bank are making it work for them.
If you are in debt, then your money (or lack of it) is working for the bank.
Why should it be wrong to reward someone who manages their money, saves regularly and stays in the black?
It's not the rich person's fault if you don't save your money.
I do agree though, money goes to money... you just need to get yourself into the position to be the recipient. |
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Bill
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Then you should refrain from using banks as a matter of principle, even if you get rich. |
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Ъяowη эyэđ giяl
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No its not wrong at all were do u expect them to keep there money. If a person is rich then good luck to them.
I'm not rich by the way.........and if I was maybe i'd let my interest grow too. |
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unlucky
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No it is perfectly logical, why don't you learn more about the system before you make and idiotic statement and ask a stupid qusetion? |
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lil chris
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thats life mate. the rich get richer and the poor get poorer. "lets rob the rich to feed the poor"......thats my motto. |
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Kitty
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I don't think its backward...
ANYone can put their money away and have it make even more money... the poor simply choose NOT to. Everyone blames the rich or puts the rich down for having the money but I rather befriend the rich and learn the tricks of the trade so to speak.
I save save save and have it grow. Many people I know rather spend spend spend then have more bills to take care of all the crap they bought. It is rather simple if you look deeper into it. BUY things that will make you money rather than things that cost you.
I grew up in a poor farming family... I will not EVER live like that again due to MY CHOOSING to make things different.
You can choose as well.
Happy Friday !
: ) |
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Fun Fearless!!
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This a proof that they are doing more of a work-smart than a work-hard that most of other people do not realize or even care about it. |
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The Dictator
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Yes but we all do the lottery in the vain hope that we will be living that way too! |
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The Maestro
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Rich people make more money in interest than you because they have more money to gain the interest with. Are we to start punishing rich people for having money? If we take away the perks of having money, no one will strive to make money. And then you complain that poor people with no money don't get any interest at the bank? Are you insane? |
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Culture Warrior
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Why would that be wrong? The Rich are rich for a number of reasons and interest capitalization is one of those reasons. That is whey people save their money.
It's not wrong. It may feel unfair, but it is certainly not wrong. |
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Volvagia
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I recon that there should be a point at which the bank stop giving accounts intrest like at 100,000 pounds or something like that and that the bank should take all or most of the intrest normal people earn |
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Quixotic
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Imagine the rich didn't put their money in the banks because people who think like you passed a law that said something like "all interest over $1000/year is taxed at 100% to stop the rich from getting richer".
What do you think would happen? The rich would stop putting money in the banks, and the banks wouldn't have any money to loan the poor. |
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Alina
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nothing wrong.... if i had a couple of million i would also put them in the bank and get money without making any efforts and basically without taking risks ... it would be lovely |
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Supaspurs THERES ONLY 1 KEANO
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nope! what if you got rich? |
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Tom B
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As we have heard: The rich get richer while the poor get poorer. |
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Seaman Staines
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No it is not wrong, I am not rich and live month to month but I do not begrudge those who are from capitalising on it.
All my money is taken paying my mortgage, so in a way I am investing, and gaining capital (well at the moment anyway!) |
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lurkingonthirtyfourthstreet
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No......the money in the bank is being used to invest in businesses, mortgages and other things that help people make a living AND it helps the bank make money AND all the people who work there. |
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Super6
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Yup, that how the world financial works.
If not how can Nobel prize keep giving out award years after years. |
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Columbo
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it forms the foundations of our capitalist, material driven society, thats life.
You will also be pleased to know that the super rich aviod paying there tax bills for as long as possible, then when the tax man chases them up, they usually offer only a fraction of what they owe. The tax man usually accepts these offers as well! |
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personal_finance_101
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No. The rich people likely got rich by working so why wouldn't they get the rewards?
If you had more money you'd be earning more and I bet you wouldn't be complaining then.
Also, why are you paying interest to a bank? If you have debt, pay it off. There is no reason to pay interest to anyone if you are living within your means.
It sounds like you fall into the normal/poor group. What are you going to do to change that besides being angry at people who have more than you?
You are the only one who can control your life so do it and quit blaming others!
Good luck!
http://www.personalfinance101.org/?utm_source=YH&utm_medium=link |
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fishfinger
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I always think that because of this rich people who have loads of money in the bank that they will never spend have a moral obligation to provide for more needy people/areas or for charities. |
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shortsht33
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It is not wrong that they get richer off of their investments, but what is wrong is all of the TAX breaks that they receive. Here in the US the rich get all of the tax breaks, the middle class pay more in taxes and the poor well they are usually exempt, but if they do pay the get better rewards then the middle class, usually the middle class that is working and not sitting on their A^^ collecting welfare or SSI get to pay more in taxes, but I agree the Rich get richer while the poor get screwed. |
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