Capitalism vs. Socialism

[quade 4]

richravizza

Here's a simpler one I use, without the variables.
Has helped me make informed financial decisions.

Example; DEBT
I need an AAD,or $1200,

In 3yrs my debt will be $2400.

Here's a simpler one I learned a LONG time ago, try to never use a credit card to buy anything you can't immediately pay off in the next payment. Never carry credit card debt if you can possibly avoid it because carrying credit debt can make things cost many times their original cost and for what? NOTHING.

Credit cards are used by financial institutions to enslave the masses.

Fuck that noise.

quade -
The World's Most Boring Skydiver

[normiss 805]

Same here. Never carry credit card debt.
If I can't pay for it in that billing cycle, I don't buy it.


Except the rare 0% deals. That's free money.

[Anvilbrother 0]

Except that the purchase price is usually inflated to include a normal finance charge in those deals but people see ooh 0% and usually don't realize the details.

Postes r made from an iPad or iPhone. Spelling and gramhair mistakes guaranteed move along,

[normiss 805]

Not when I've used it.

[wolfriverjoe 1,523]

normiss

Not when I've used it.

Nor me. The catch is that the interest accumulates during the entire time. Not a low rate either. No minimum payments required.

And if the purchase price isn't paid off in full by the end of the "no payments, no interest" time, all that accumulated interest suddenly gets added to the balance.

They are counting on consumers not paying the stuff off in time.

A quick search found THIS. It covers the pitfalls.

"There are NO situations which do not call for a French Maid outfit." Lucky McSwervy

"~ya don't GET old by being weak & stupid!" - Airtwardo

[normiss 805]

Yup.
I always thought that was a hell of an incentive.

[kallend 2,027]

kallend

Seems that Volkswagon's fraudulent emissions results were only caught on account of vigilance by the evil EPA and environmentalists.

No wonder the GOP wants to eliminate the EPA. Definitely bad for profits.

Article on corporate ethics with special reference to the VW scandal.

www.theatlantic.com/magazine/archive/2016/01/what-was-volkswagen-thinking/419127/?google_editors_picks=true

...

The only sure way to survive a canopy collision is not to have one.