A Quote by David Graeber
The working poor are the people suffering out subprime mortgages and fatal loans and more and more of our money - you know, capitalism is operated by extracting money, not so much directly being paid.
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No other facet of American business is more corrupt, more intoxicated with illegality, more weakly regulated, and has a greater impact on poor and working people than debt collectors; not credit card companies or subprime mortgages, not even payday lenders.
I had begun to worry about the housing market back in 2003, when lenders first resurrected interest-only mortgages, loosening their credit standards to generate a greater volume of loans. Throughout 2004, I had watched as these mortgages were offered to more and more subprime borrowers - those with the weakest credit.
It's amazing to me how many people think that voting to have the government give poor people money is compassion. Helping poor and suffering people yourself is compassion. Voting for our government to use guns to give money to help poor and suffering people is immoral, self-righteous, bullying laziness.
To walk in money through the night crowd, protected by money, lulled by money, dulled by money, the crowd itself a money, the breath money, no least single object anywhere that is not money. Money, money everywhere and still not enough! And then no money, or a little money, or less money, or more money but money always money. and if you have money, or you don't have money, it is the money that counts, and money makes money, but what makes money make money?
Being first is more important to me [than earning money]. I have so much money. Whatever money is, it's just a method of keeping score now. I mean, I certainly don't need more money.
And I think the more money you put in people's hands, the more they will spend. And if they don't spend it, they invest it. And investing it is another way of creating jobs. It puts money into mutual funds or other kinds of banks that can go out and make loans, and we need to do that.
Our relationship to money reflects how we feel about our power to affect the world. Since money is a mirror of our consciousness, the more comfortable we are with being powerful, the more money we are likely to create in our lives.
The more we associate experience with cash value, the more we think that money is what we need to live. And the more we associate money with life, the more we convince ourselves that we're too poor to buy our freedom.
If you come from a working-class background, you can't afford to write full time, because you're just not being paid. Basically, all my arguments come down to Marxist doctrine: The world is shaped by money, so the only voices you'll hear are the ones with money behind them. But thankfully, culture and cool are some things that circumvent money, because if you're cool, people will want to give you money - suddenly you shape the market and people start coming to you. Which is why culture has always been a traditional way out for working-class people.
More paper money cannot make a society richer, of course, – it is just more printed-paper. Otherwise, why is it that there are still poor countries and poor people around? But more money makes its monopolistic producer (the central bank) and its earliest recipients (the government and big, government-connected banks and their major clients) richer at the expense of making the money's late and latest receivers poorer.
I put a lot of money in a coin-operated dry-cleaning place and it keeps losing money and I can't get anybody to buy it. So I keep pouring more money Into it, and into the laundry next door which'my father owns.
The thing about advertising is that you make more money. You can put kids through college so they don't come out with loans. My kids don't, and my grandkids don't, and advertising paid for that.
People used to make their own clothes, now they buy clothes. People used to take care of their own kids, now they pay other people do it. And that was because capitalism requires more and more things being turned into money - being turned into profit. But that has reached this absurd limit where there's nothing left to turn into money, and the capitalist system is breaking down.
If the "rich" were swarming into poor neighborhoods and beating the poor until they coughed up the dimes they swallowed for safekeeping, yes, this would be a transfer of income from the poor to the rich. But allowing taxpayers to keep more of their money does not qualify as taking it from the poor - unless you believe that the poor have a moral claim to the money other people earn.
Writers sometimes are paid a great deal of money, but much more frequently they're not paid or are paid only a little bit.
I'm looking at a tax process that will allow people to keep more of their money because we know what happens when job creators get to keep more of their money than they're - they have the confidence to go out and spend that money to create jobs that in turn create wealth.
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