Sunday, October 9, 2011

Poverty Business


 From my classes reading I think it is safe to say that many companies have been accelerating the opportunity divide because they are choosing to increase the interest rates on low income families, and people who do not understand the fine print of a contract and they tax them and keep them in debt. I do not really understand why things are this way.  I feel as if people also put them self in these type of situations.  I was taught growing up that the government will try to work (mistreat) you in any way they can because they need all they can get. So really I think that it is up to the person whether or not you want to put your self in that type of situation or you can ask questions and figure out what is really going on and set out a plan for yourself on how and when you can make a payment happen and if you can afford it. I think this reading mostly talks about being aware of your bills and debt and interest rates. Being able to balance all these things will keep you out of bad credit and high interest rates. I believe the government has the most to do with why things are the way they are today. Instead of helping the people that pay taxes and other things the government will take everything you have ever worked for to see that their economy doesn’t go bad and that your debts has been paid. Even in death we are not able to escape debt, it will be transferred to your closest living relative and I think that is just an example on how shady the government is. Things have always been this way so I do not understand why people still do not take the action needed to get out of this type of situation.  We should be aware of these things and make the necessary actions to see that are friends and familys do not end up in poverty on a contract technicality.

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