http://www.alternet.org/economy/why-middle-class-gets-screwed-my-short-sale-taught-me-how-rich-really-think
I always knew business was getting over on me, but I had no idea
the extent until I started looking to short-sell. I first learned all I
could about private home financing. I called up some shady investment
groups around town and questioned them at length. I didn’t end up using
them, but they were frank, informative and unashamed.
“Who would pay 11 percent on a home loan?” I asked.
“Rich people,” said “Bill” from the legal loan-sharking company. “The rich have terrible credit.”
Rich people = bad credit: Just let that sink in.
Bill told me in roundabout ways that rich people never pay a bill if
there is any way around it. If something goes wrong in an investment or a
business, they always preserve their own assets first. We’ve all heard
the generalization that they’re lousy tippers.
Most Americans are clueless about business and finance. Instead, we
are a caste of customers. We consume short-term predatory lending,
school loans that can never be discharged, inflated mortgages,
high-interest credit cards, fast food and overpriced automobiles. We
“invest” in basic IRAs, doomsday prepping or Ponzi schemes. The worst
part is that no matter how much money we gain or lose, the investor
class always gets paid.
As a public service to every member of the get-rich-quick community I
offer this: You will never (ever) become millionaires. Not with a
“paying gold claim” or a giant Amway distributorship. Not with a system
for winning at blackjack or a rich uncle about to croak. I beg you, for
your own sanity and well-being, stop voting for more benefits for the
monocle-wearing, martini-sipping, trust fund class. They care nothing
about you, your feelings, your family, or life or death. They already
have plenty, so stop enriching them at your own expense.
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