John
 |
repo men come when the client is unable to continue payments on whatever they purchased such as a car or even a home. But they usually don't come until 3 or more payments are not late but UNPAID. it's not about the rich getting richer and the poor getting poorer. it's about people who aren't responsible with their income and go buy things that they can't afford. your question also makes it seem like the repo men are rich. LOL. even the best are only moderately paid. |
|
src50
|
And your point is?? Are you a socialist? |
|
vantil23
 |
Generally rich people make wiser decisions on what they decide to invest their money in whereas poorer people tend to spend their money on things that do not give them a return on vestment. I'm making broad generalizations here but the principle is true. I highly recommend reading "Rich Dad, Poor Dad" by Robert T. Kiyosaki. That will help shed some light on the subject for you. |
|
lisalau
 |
supply and demand |
|
Time travler
|
The repo man must make a living too. The answer to your question is the poor just spend all their money instead of trying to save even a little. The rich invest their money to make more money. So that is why the rich get richer and the poor get poorer. |
|
sfuller94
 |
If the repo man were to stop repossessing then he wouldn't be a repo man very long. Then he would be poor and all of his buddies that are still repo men would come get his stuff.
The basic principal why the rich get richer and the poor get poorer is education. The rich man knows that if he has no personal debts, he can invest and save. The poor person is jealous of this and lives beyond a lifestyle that they can't afford. So they get credit cards and charge their lives away until the rich mans says NO MORE. Then the poor person is indebted to the rich man for a long time.
The moral of the story is get an education and don't borrow money.
Regards,
A Rich Man |
|
Jeff
|
The rich get richer and the poor get poorer, because the rich man gets paid interest from the money he loans the poor man, to buy stuff the rich man advertised on TV.
Credit cards.
Store cards.
Credit cards.
Bank loans.
Credit cards.
Car payments.
Credit cards.
Mortgage.
And it works the same way among governments.
China loans the US money.
The US govt gives cash to the people.
The people buy Chinese stuff at Wal-Mart.
China gets its money back, plus interest. |
|
nestlino
|
That is not true, it is a fallacy...Look around! |
|
foxmulder66
|
Ask the governments. |
|
acsman123
|
till the time the mother earth's potentials eg lands, wealths etc etc is equally divided for each and inhabitant of this earth the king will remain king may be in the form of erstwhile kings/ queens/ maharajas or it may be in the form of modern day political families, the high castes religious heads etc etc. what is needed is communism in it's literary meaning. i.e equal rights for each and every thing for each and every citizens of this earth. once the equality is ensured wealth will never be accumulated by a few . |
|
I`m not mean, your just a sissy
|
Greed
the rich have a lot of extra money that they can invest to make more money, but the poor have to use all their money buying basic neccessities to survive and so they have no money to invest.
It`s the modern version of an indentured servant or share cropper. |
|
pagz
|
oww it depends on a person even though your poor but you keep trying who knows maybe someday you'll also belong to them, about the rich get richer because they have a capital to have a business, business is not so difficult to learn the fact is if your having a business you should focus on it don't let anyone to run your business coz you don't know if your worker is cheating on you may cause to lessen your gain or force you in being bankrupt.. about the poor get poorer, sometimes poor people is already contented of who they are and what they are at least they eat 3 times a day and have a work but they didn't try to enhance their capabilities meaning they don't expand, you should not be contented of who you are right now
try to figure out make a plan after five years or ten years how can i be rich you should have requisite of your plan how you can get it like saving money, finding a job which has a better salary or having your own business or try to think how to gain money in a proper way i mean legal ways thanks ........ |
|
JennyEatWorld
|
capitalism! |
|
Linda L
|
Repo persons get paid to repo of course. They also get paid when they make a collection but not as much. The lenders want either the properties or the money. The repo person likes delivering the property so they receive a better pay check. I know this to be correct as I worked for a company that did repos for your major lending companies. Basically the repo agent made the decision. |
|
| |
|
Homepage 
Financial
Forum 
Personal Finance 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
