after reprimanding lenders for failing to reward deposits
This really is key. Think bank for a second. They make oodles off cash of nothing. Nothing. Just other people’s money. Think what you could do in 30 days with $6b. And what do the millions of people who pooled that $6h get? Fees. Nothing. There’s no interest for chequing, which the banks have set up to be the only way really to bank with. Savings net you next to nothing (do banks really think .5% is enough when they likely double your money day to day).
And incentivizes to deposit? Yeah, zero.
So they take all your money, charge you for it, make a killing, pay next to no taxes and call it a day.
And here I am slaving away making nothing, paying 45% in taxes, all the while making them rich. I’m so done with capitalism which has turned out to be every bit as bad as every other kind of government that came before it.
This really is key. Think bank for a second. They make oodles off cash of nothing. Nothing. Just other people’s money. Think what you could do in 30 days with $6b. And what do the millions of people who pooled that $6h get? Fees. Nothing. There’s no interest for chequing, which the banks have set up to be the only way really to bank with. Savings net you next to nothing (do banks really think .5% is enough when they likely double your money day to day).
And incentivizes to deposit? Yeah, zero.
So they take all your money, charge you for it, make a killing, pay next to no taxes and call it a day.
And here I am slaving away making nothing, paying 45% in taxes, all the while making them rich. I’m so done with capitalism which has turned out to be every bit as bad as every other kind of government that came before it.
Okay and I agree but how is capitalism a government?