79 comments on The Finance Round-Up: October 12th 2007
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“Of all races in an advanced stage of civilization, the American is the least accessible to long views… Always and everywhere in a hurry to get rich, he does not give a thought to remote consequences; he sees only present advantages… He does not remember, he does not feel, he lives in a materialist dream.”
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My guess would be indentured servitude - permanent indebtedness to the 'company store'. After all, with the new bankruptcy laws, most people are on the hook indefinitely. To speculate wildly for a moment, in the past debt servitude has even become hereditary.
Yes, for some. At the lower end it seems that it would just be too easy for people to drop out of the menial above the table workforce, hide assets and qualify for BK.
Lots of illegals and other minorities play that game already, one member of the group works and shows up on all the paperwork and all the others in the same household claim to be single mothers, destitute, disabled and who knows what.
One of my friends is a mail carrier and he says it is very common to deliver up to a dozen government checks with different names on them each month to houses in halfway decent neighborhoods.
Maybe now everyone wants to play the freeloader game.
Me too,
:)
The graphic reminds me of Wile E Coyote. He's out there against a pale blue background, pedaling the air. And looking at the viewer.
Don't look down, Wiley!
| The problem will solve itself.
| But not in a nice way.