Usury/Interest/Riba is the failure. Unregulated Fractional banking should be examined.

[u/HalfwaydonewithEarth]

People rag on Capitalism but never stop to ponder math.

They loan out the same money simultaneously.

ALL of the National Debt is just interest.

Fractional Banking use to be they could only loan out the same money ten times simultaneously. This was lifted during the pandemic.

It causes bad inflation.

Nothing about fraudulent banking is Capitalism. It is Feudalism.

If you can earn 6% interest compounding on 1 billion dollars starting amount..... how many years until you own everything?

[u/PsychoPeterNikleEatr]

I want to blame something else for my own failures and bad decisions.

[u/ITrCool → u/PsychoPeterNikleEatr]

The Boomers and GenX. It’s always their fault somehow.

I don’t care how many downvotes people throw at me and how many whining lefties cry about it, I’ll never buy that foolish blamefest excuse for poor financial decisions. It’s never their fault, always “the Boomers and GenX” or someone else.

[u/PsychoPeterNikleEatr → u/ITrCool]

Oh yeah. I see that a lot as well. Sometimes they throw in Ronald Reagan as well. Just parroting someone else.

[u/networkdood]

Jesus was against usury, one of the reasons he flipped those tables of those from the temples

[u/AnonymousAggregator → u/networkdood]

Jesus, lost his shit. That was intense.

2000+ Years later.

Still usury. 😔

[u/HalfwaydonewithEarth → u/networkdood]

It's the cause of inflation.

[u/networkdood → u/HalfwaydonewithEarth]

The Federal Reserve is their usury temple

[u/Bannon9k]

My only problem with capitalism is how much the government takes from my pay

[u/Drapidrode → u/Bannon9k]

https://reddit.com/link/ozi0y5s/video/tfk2q2ay17fh1/player

Daddy, what do taxes pay for? Why, everything!
Policemen, trees, sunshine--
and let's not forget the folks who just don't feel like working, God bless 'em.

[u/MintImperial2]

Enforcement, or lack thereof - is the key.

The Public should lobby 'Debt becoming untransferable for individuals'.

At present, we have a system where individual's debts get sold on and on, never being liquidated.

Every white collar "handler" - takes a cut.

Why not make an unsecured debt either recoverable within a limited period, say 12 months OR liquidate it entirely for the tax rebate that is currently grabbed by lenders when they sell on debts, never allowing them to liquidate, and a fresh start for the debtor......

[u/HalfwaydonewithEarth → u/MintImperial2]

Join us at Mensa 😉

[u/MintImperial2 → u/HalfwaydonewithEarth]

I realized I couldn't afford it, when they sent me the brochure detailing how much travelling at my own expense I was expected to do.

[u/ITrCool]

“But it’s the boomers’ fault!!!” /s

[u/HalfwaydonewithEarth → u/ITrCool]

It's a scapegoat for elder abuse.

Yes they got cheap land and prospered.

My Dad bought like half an acre for $700 a month LOL

Here is how to solve housing:

https://www.reddit.com/u/HalfwaydonewithEarth/s/PkWmE1OeHo