LadyKay Posted September 12, 2019 Group: Royal Member Followers: 12 Topic Count: 385 Topics Per Day: 0.10 Content Count: 7,692 Content Per Day: 1.93 Reputation: 4,809 Days Won: 3 Joined: 05/28/2013 Status: Offline Author Share Posted September 12, 2019 25 minutes ago, Neighbor said: And oh yes get MasterCard to increase my credit limit so that I can get the pontoon boat today without actually having to pay for it now. Enjoy the new prosperity, aah how nice. Free stuff and more credit for me. I think you are getting a little carried away here. Link to comment Share on other sites More sharing options...
Neighbor Posted September 12, 2019 Group: Worthy Ministers Followers: 18 Topic Count: 952 Topics Per Day: 0.35 Content Count: 13,573 Content Per Day: 5.03 Reputation: 9,054 Days Won: 6 Joined: 12/04/2016 Status: Offline Birthday: 03/03/1885 Share Posted September 12, 2019 1 hour ago, LadyKay said: I think you are getting a little carried away here. In the spirit. Free money will not seek noble use. It will be just like credit cards, no one runs up credit card bills to do eleemosynary works. Individuals will only run up debt balances for personal pleasures today to be paid for tomorrow along with the huge penalty called interest to the maximum amount that they can get away with paying only the minimum monthly payment on. Add a thousand a month to what a person can pay toward a minimum monthly payment on a credit card and that is what will happen - more personal purchases of stuff not really needed but shiny stuff desired. The idea that individuals will only spend one twelfth on themselves and will do "good charity" with the rest is a lot of BS. won't happen. Instead debt will just skyrocket. How much on a credit card balance will $1000 cover as the minimum payment due? Put forth that number and then see the eyes light up with glee and the online purchases of stuff run amuck soon as everyone starts getting their $1,000. Link to comment Share on other sites More sharing options...
JohnD Posted September 12, 2019 Group: Worthy Ministers Followers: 0 Topic Count: 905 Topics Per Day: 0.19 Content Count: 9,646 Content Per Day: 2.02 Reputation: 5,832 Days Won: 9 Joined: 04/07/2011 Status: Offline Share Posted September 12, 2019 ALL that matters with ANY of these schemes is what does it do to the purchasing power of the dollar? Link to comment Share on other sites More sharing options...
Recommended Posts