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Thread: Why Young People are Becoming Socialists in One Graph

  1. #281
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    Re: Why Young People are Becoming Socialists in One Graph

    Quote Originally Posted by phattonez View Post
    Again, there is no shared risk with a loan. That's only true with shares.
    Really? Lend me $100K and find out.
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

  2. #282
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    Re: Why Young People are Becoming Socialists in One Graph

    Quote Originally Posted by ttwtt78640 View Post
    Really? Lend me $100K and find out.
    Sure, and then I'll take your home if you default.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "To exercise pressure upon the indigent and the destitute for the sake of gain, and to gather one's profit out of the need of another, is condemned by all laws, human and divine." - Pope Leo XIII

  3. #283
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    Re: Why Young People are Becoming Socialists in One Graph

    Quote Originally Posted by phattonez View Post
    Sure, and then I'll take your home if you default.
    Great plan but I rent. You could easily get a civil judgement against me but collecting on that is another matter entirely.
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

  4. #284
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    Re: Why Young People are Becoming Socialists in One Graph

    Quote Originally Posted by ttwtt78640 View Post
    Great plan but I rent. You could easily get a civil judgement against me but collecting on that is another matter entirely.
    Then I'll take whatever I can, but if you have no collateral at all I'll just demand an even higher interest rate. It feels great to be a banker!

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "To exercise pressure upon the indigent and the destitute for the sake of gain, and to gather one's profit out of the need of another, is condemned by all laws, human and divine." - Pope Leo XIII

  5. #285
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    Re: Why Young People are Becoming Socialists in One Graph

    Quote Originally Posted by phattonez View Post
    Then I'll take whatever I can, but if you have no collateral at all I'll just demand an even higher interest rate. It feels great to be a banker!
    I would gladly accept a 25% APR deal since I have no collateral or intention of making any loan payments.
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

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    Re: Why Young People are Becoming Socialists in One Graph

    Quote Originally Posted by ttwtt78640 View Post
    I would gladly accept a 25% APR deal since I have no collateral or intention of making any loan payments.
    I'm not making you that loan without collateral. Where's your collateral? Even credit card companies, if you have no credit history, will loan you only very small amounts. And in the event of a default they will get as much as they can.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "To exercise pressure upon the indigent and the destitute for the sake of gain, and to gather one's profit out of the need of another, is condemned by all laws, human and divine." - Pope Leo XIII

  7. #287
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    Re: Why Young People are Becoming Socialists in One Graph

    Quote Originally Posted by phattonez View Post
    I'm not making you that loan without collateral. Where's your collateral? Even credit card companies, if you have no credit history, will loan you only very small amounts. And in the event of a default they will get as much as they can.
    Unless, of course, it is the federal government deciding that a student with no credit history should get a large loan. This was simply an exercise to show that loans do, in fact, involve risk - contrary to your initial post triggering this discussion.
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

  8. #288
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    Re: Why Young People are Becoming Socialists in One Graph

    Quote Originally Posted by ttwtt78640 View Post
    Unless, of course, it is the federal government deciding that a student with no credit history should get a large loan. This was simply an exercise to show that loans do, in fact, involve risk - contrary to your initial post triggering this discussion.
    Not enough. If the company loses money, bondholders should lose also. They shouldn't get recourse to the full value of the goods purchased. Much like stockholders, they should lose proportionally. There's no reason why they should get special treatment.

    And it goes without saying the banks who lost big time in 2008 also should have lost. That would have done way more good for working Americans.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "To exercise pressure upon the indigent and the destitute for the sake of gain, and to gather one's profit out of the need of another, is condemned by all laws, human and divine." - Pope Leo XIII

  9. #289
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    Re: Why Young People are Becoming Socialists in One Graph

    Quote Originally Posted by phattonez View Post
    I don't know what this is, nor does this article have any text or link to a study.
    If you watched the video you would know what it was!

  10. #290
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    Re: Why Young People are Becoming Socialists in One Graph

    Quote Originally Posted by Moderate Right View Post
    If you watched the video you would know what it was!
    You tell me, and then link to the study.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "To exercise pressure upon the indigent and the destitute for the sake of gain, and to gather one's profit out of the need of another, is condemned by all laws, human and divine." - Pope Leo XIII

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