A bit hard to wrap my head around this but thanks for sharing. Bookmarked the Bloomberg page for rereading.
Coz that's what makes perfect sense. The usually Indian/Pakistani "loansharks" in my country (they charge at least 20%) would never lend you money unless you actually have a business. If you already have one then it might provide you a boost if you manage it properly but you'll never be able to build a business by trying to get such loans.
All the leftist idea of taxation manages to do is scare away business owners or outright put them out of business.
This fight against "inequality" is just stupid.
We tried it once in the eastern block and indeed we all ended equal, dirty poor equal !!!!
But hey, being equal is what matters, right?
The naive people with leftist ideas think that more regulations and more taxation means less inequaliy.
This thesis has been proven wrong so many times in the history of human civilization.
I like what she says "banks follow the money".Dan Lock says that bank will only give you loan when you don't need that loan(you have enough money).If you really need a loan for building a business or something important,a bank will never give you a loan.
This thesis has been proven wrong so many times in the history of human civilization.
I like what she says "banks follow the money".Dan Lock says that bank will only give you loan when you don't need that loan(you have enough money).If you really need a loan for building a business or something important,a bank will never give you a loan.
Coz that's what makes perfect sense. The usually Indian/Pakistani "loansharks" in my country (they charge at least 20%) would never lend you money unless you actually have a business. If you already have one then it might provide you a boost if you manage it properly but you'll never be able to build a business by trying to get such loans.
All the leftist idea of taxation manages to do is scare away business owners or outright put them out of business.
This fight against "inequality" is just stupid.
We tried it once in the eastern block and indeed we all ended equal, dirty poor equal !!!!
But hey, being equal is what matters, right?