Ugh. Terminology written by the rich. Like a multi-billionaire being described as being “poorer” because their assets took a downturn yet they’re still a multi-billionaire. I despise the premise that predicted money not made is a “loss.”
No, you never had the value, so you can’t lose what you didn’t have. But businesses get to act like it and then it helps them ditch deferred tax assets if they get deemed unrecoverable. Isn’t that amazing?
True, but also you participate in an economy that legitimizes predicted money. I mean…. Even rental homes/apartment complexes can get loans before they open, based on predicted rent income.
Yeah but I don’t get to write off the loan or cancel part of it if I don’t make the money and the bank can come after my assets for failure to pay. This is not the same thing.
Write off the loan and cancel part of it? I’m not familiar with those mechanics, but nor did I think they were required for this system to be evil anyhow. What are you referring to?
I’ve heard that these people don’t pay back the loans. They borrow until they die, or other loopholes. The debt doesn’t vanish, though. The system is designed to remove the burden of an active debt if you can dance to its tune.
Also, I wasn’t saying you’re doing the same thing as them… so I’m not sure what “this” is when you say “this is not the same thing.”
I was just saying that you contribute to the economy, by working in it and paying into it. I’m not saying that you’re happy about. Just acknowledging that the economy which is very real for you DOES recognize the pretend forecasted money which you rejected. The economy legitimizes it already. So your issue is with the system, not necessarily with some rhetoric people use.
Yeah the bank will come after your assets, but really I’m just trying to show you the enemy here. It’s the fact that the system legitimizes the very thing which you call illegitimate.
Ugh. Terminology written by the rich. Like a multi-billionaire being described as being “poorer” because their assets took a downturn yet they’re still a multi-billionaire. I despise the premise that predicted money not made is a “loss.”
No, you never had the value, so you can’t lose what you didn’t have. But businesses get to act like it and then it helps them ditch deferred tax assets if they get deemed unrecoverable. Isn’t that amazing?
True, but also you participate in an economy that legitimizes predicted money. I mean…. Even rental homes/apartment complexes can get loans before they open, based on predicted rent income.
Yeah but I don’t get to write off the loan or cancel part of it if I don’t make the money and the bank can come after my assets for failure to pay. This is not the same thing.
Write off the loan and cancel part of it? I’m not familiar with those mechanics, but nor did I think they were required for this system to be evil anyhow. What are you referring to?
I’ve heard that these people don’t pay back the loans. They borrow until they die, or other loopholes. The debt doesn’t vanish, though. The system is designed to remove the burden of an active debt if you can dance to its tune.
Also, I wasn’t saying you’re doing the same thing as them… so I’m not sure what “this” is when you say “this is not the same thing.”
I was just saying that you contribute to the economy, by working in it and paying into it. I’m not saying that you’re happy about. Just acknowledging that the economy which is very real for you DOES recognize the pretend forecasted money which you rejected. The economy legitimizes it already. So your issue is with the system, not necessarily with some rhetoric people use.
Yeah the bank will come after your assets, but really I’m just trying to show you the enemy here. It’s the fact that the system legitimizes the very thing which you call illegitimate.