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Single mother-of-six finds £2m mansion on the net... and then gets YOU to pay £7,000 (pg. 12)
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| Fledz |
| Your accusation is baseless though unless you provide some clear evidence that most are welfare cheats. I don't believe they are, I just believe they know no better. |
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| Silky Johnson |
| quote: | Originally posted by Nrg2Nfinit
Teach a man to fish and you feed him for a lifetime. |
You goddamn ing moron. That's exactly what Ontario Works does. But like I said, you've been talking out of your ass this whole time.
While not providing people with higher education, it DOES provide them with the skills to, as you say "get off their asses and find a job". And if you understood the lives and needs of the downtrodden, you'd realize that these kind of lifeskills and support are far more important to them than higher education.
To get assistance here you have to go through an eligibility process, and are only given a percentage of money, based on need, for a temporary period only. People are assigned workers that they have to check in with to prove they're going to job interviews, volunteering, or working. Or they get cut off. So I'd like to know in what ways the people you're talking about are taking advantage of the system, because our system has made that more and more difficult for some time now. |
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| Lilith |
| quote: | Originally posted by Nrg2Nfinit
i love how you omitted the fault of the recipient who accepted the loan blindly or under "false pretenses" which is illegal.
to me the words adjustable mortgage rate with increasing payments over time screams RED FLAG and should be avoided in the first place.
If its too good to be true .. then it probably is. Or you are selling drugs on the side. |
It's not their fault, they got sold something which they couldn't afford by professional scam artists in the US lending system, who in turn did it to maximise profits selling the securities off to others with a combination of some legit loans and some which would default- thus causing the roll on effect of no confidence in the traditionally safer market of securities.
Once that was done, it depressed the market by the security being worth naff all and when it was blown out of the water by the big companies which invested heavily in securities started going under the whole thing just went down hard.
These professional scam artists are very dangerous people in that sense they are both taking advantage of people who are so desperate to improve their lives and then shafting them, but also have no regard for the damage they would later inflict on industries that caused further heartbreak for many people employed by those industries that went under- further depressing markets as no one had any buying power without a job and everyone else went running for the bomb shelter so they where not spending either.
You have in a sense, to consider loans to poor people something of government outsourcing of maintenance for its citizens. If the people get the loan, they dont need welfare and we as taxpayers dont have to support them, so governments make concessions to such industries to bolster their overall economic growth in both their budget and in the private sector. In this case with the US, they took advantage of those laws and ran with it to make money.
I don't think I can make a complex process that caused it much more simple than that. |
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| pkcRAISTLIN |
| quote: | Originally posted by Nrg2Nfinit
my argument is simply that a majority of these recipients are welfare cheats and its a drain on our system. I dont know how i can prove statistically who and who aren't the cheats but its evident when you see people living beyond their means and causing the system to collapse that not enough policing is in effect and delinquent welfare recipients are getting a free lunch with taxpayers money and contributing if not causing credit crisis'. |
yeah, well it will always depend on where you live i suppose. and the view might change depending on suburb, let alone country. there will always be a problem with abuse, just as there is in any and every situation that involves money.
i just dont know how accurately you'd be able to judge who was cheating the system and who wasn't. the deserving poor probably fly under the radar.
i dont know how many welfare recipients are included in the collection of failed subprime loans though, and i dont think you do either. i would be surprised if they were anything but a very small percentage. |
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| Nrg2Nfinit |
If people do not learn to be fisically responsible they will continue to be a drain on our system. still 55% of canadians are living beyond their means. This number should speak volumes.
i wonder if there is a correlation between debt and welfare recipients
ill try to do more research later.
| quote: |
http://www.creditcanada.com/inthene...Financial-Means
Study Reveals Canadians Are Living Outside Their Financial Means
By Credit Canada | Published 10/25/2007 | Dealing With Debt |
Study Reveals Canadians Are Living Outside Their Financial Means
ATTENTION: News/Business Assignment Editors
Contact: Laurie Campbell, Credit Canada
[email protected]
Tel: (416) 228-2526
Study Reveals Canadians Are Living Outside Their Financial Means
Credit Canada and Capital One Canada present Credit Education Week to Improve Canadians’ Financial Fitness
Toronto, ON (October 25th, 2007) - Canada’s first ever Credit Education Week, presented by Credit Canada and Capital One Canada, will take place from November 13th to November 16th across the country. The goal of this event is to empower all Canadians, regardless of age and income level, to make better financial decisions. From a recent study conducted by Credit Canada, it is about time.
The study shows that the extent of Canadian debt is troubling. More than half of all Canadians (55%) admit to having more expenses than income at least one month a year. That means that the majority of Canadians are at risk of being in a long-term financial bind as they try to play catch-up in the months that follow. In fact, 14 percent say that their expenses are greater than their income for six months, and six percent say that this is the case for 12 months of the year.
Despite this reality, only seven percent of Canadians think it makes more sense to carry more debt than they did five years ago.
“There is no doubt that many Canadians need more information and education about financial management and using credit wisely,” says Laurie Campbell, Executive Director of Credit Canada. “It is becoming more evident that many Canadians simply do not know, or don’t follow, the golden rule of financial management – do not spend more than you earn.”
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| SYSTEM-J |
| I've always thought Karim was a bit stupid, but this thread confirms it. |
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| Silky Johnson |
| quote: | Originally posted by Nrg2Nfinit
If people do not learn to be fisically responsible they will continue to be a drain on our system. still 55% of canadians are living beyond their means. This number should speak volumes.
i wonder if there is a correlation between debt and welfare recipients
ill try to do more research later. |
You realize that the majority of people living beyond their means are the young middle class, right? |
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| Nrg2Nfinit |
| quote: | Originally posted by SYSTEM-J
I've always thought Karim was a bit stupid, but this thread confirms it. |
thanks for your contribution to the discussion |
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| Silky Johnson |
| At least his statement has evidence to back it up, lol. |
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| Sunsnail |
| You guys are awful. Quit hating on the brown people. |
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| Nrg2Nfinit |
| quote: | Originally posted by jennypie
You realize that the majority of people living beyond their means are the young middle class, right? |
my concern isn't the recipients that use the welfare to leverage themselves to higher education and recontribute to society, its the people that usurp the system constantly and live their lives paycheck to paycheck and aren't fiscially responsible. No one is holding a gun to your head to live your life on credit beyond your means.
ill have to look at that data later when i have time. i can't right now because im employed and working, not sitting around on my ass collecting welfare like system j |
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