user ballots
Login
Register
Add One
FAQ/Contact
Popular Ballots
Recent Popular
Recent Votes
Best
Worst
Yes or No
Choices
What If
Prediction
Advice
Would You
Crime
Recommend
Quiz
TV & Movie
Music & Radio
Political
Science
Sports
Relationship
Techonology
Culture
Philosophy
Religion
Ethics
History
Food & Health
Fashion & Beauty
Crime
FanBase
Discussion
Bug Report
|
COMMENTS:
Voted : I'll explain at the 5th day level you can understand Larry
Well, if you borrow a million from your one neighbor, and a million from another, etc., then you can be the riches person on the block.
As you spend some of that money however, your debt, which only increases due to interest rates, becomes greater while your actual spending money decreases.
The point at which you still have more money than any single one of your neighbors, but you in fact owe more than you have, is where this debt comes in.
I'm not sure if this sufficed but it's just a simple explanation of how, in general, this debt in relation to actual money can build up.
And as to your bonus question, I think that (though the details are limited) you with your humble little house are relatively richer than your flashy neighbor. Your flashy neighbor is richer in absolute terms though, I think, because he (I'm assuming it's a he) has more actual possession, no matter whether or not he has paid the returns for it (yet).
Voted : Well...
We do have all of these criminally-rich types crawling all over the place, and our Esteemed Guv'mint is doing all sorts of creative accounting that depends heavily on stealing from the poor to give to the aforementioned criminal bastiches...
Voted : Well...
It can go two ways.
You seem to be in the same mental boat I am, and it's not such a bad boat. I don't have a car or house, but I don't owe anybody one thin penny, either.
If I lived a luxury lifestyle and was up to my ears in debt, that would mean (to me) that I fit in with that lifestyle, earned a high enough salary to lend me that kind of credit, and derived pleasure from it.
Both of these types of people are rich because they are deriving the joy they want most. They both make sacrifices--the person with fewer or smaller toys does without luxury items that might bring him some fleeting pleasure, and the big spender gives up having a small financial burden, which, also, might give him some fleeting pleasure. It's a trade off.
Maybe this can be applied to nations as well. The USA may be in humoungus debt, but what they are spending it on (we HOPE) are military thigns to defend us, eduation programs to teach us, and health programs to keep us healthy. I know I am not being one bit realistic. I just hope our nomial riches are not winding up in a few people's offshore accounts.
It's teh porn
It's largely because your government - and a sizeable proportion of your countrymen - are paranoid bullies who insist on spending ludicrous amounts of your tax money on an immense offensive capability (you might feel more comfortable thinking of this as your "defence budget", but when your military spending exceeds that of the next 15 nations combined - over a dozen of which are your allies - you have to admit that this really is bullshit...)
|
|
