domingo, 26 de mayo de 2013

The socialist ideology of the financial system



For the financial system seem good payers subsidize wealthy who seem poor payers.

We all know that some purchases only be made relying on financing.

Almost no one has enough money to buy a house in cash.

Mortgage loans (loans on which the guarantee of borrowed money is a property) are calculated assuming that households can not save more than a quarter of the money they earn and also assuming that with this level of saving middle housing quality can be paid in 25 years.

If we meditate briefly on what it means for a marriage to be paying a loan for so many years, we see, for example, that if you made the purchase when the lady was pregnant with the first child, end of pay when the child has received a lawyer.

We also understand that if they bought that house given a certain amount of children, when they are finished afford these children have gone to live alone, or with friends, or forming a new marriage.

Companies (usually banks) which lend themselves to such long time know that in 25 years can occur hundreds of problems that hinder or impede recovery (charging), than it paid.

Attentive to self-preservation that companies have, (they do not want to bankruptcy), the lenders have to appeal to commit grave injustice but is relatively tolerated because leftist ideologies (socialism, communism, social democracy), the sponsor as their preferred way of spreading the wealth around.

Indeed, customers who would stop eating before you default on the loan will be burdened by additional costs that the bank charges the expectation that some borrowers will default.

Those responsible seem rich subsidize irresponsible seem poor.

Note: Original in Spanish (without translation by Google): La ideología socialista del sistema financiero.
 
(Este es el Artículo Nº 1.891)

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