Darleen > My housekeeper owns two homes and my gardener owns nine homes. How do you think they can afford this when both earn only $7 per hour.
This is called capitalism and it works like this.
For five years the housekeeper and gardener speculate with housing and people who really need a home can't buy one because there is no stock. Thus if anyone seriously wants a home they have to bid up the price to a level that they can't afford. This raises the price of the eleven homes owned by the (presumably Mexican) housekeeper and gardener -- and the cycle repeats again.
Eventually, the gardener becomes a multimillionaire, the housekeeper becomes a millionaire, and those who tried to pay for the homes they needed and which they bought using their monthly incomes go insolvent.
After which, the gardener celebrates his "American Dream" success story and goes into politics and the housekeeper becomes a financial adviser and appears monthly on CNBC in a property advisory program. Meanwhile, the ones who went insolvent trying to pay for the homes they bought become gardeners and housekeepers. Unfortunately, the new legislation means they can't settle with their creditors and so, even though their houses have been repossessed by the mortgage company, they have to spend the rest of their lives paying off their debt. So they change their names and attempt to flee to Mexico.
Unfortunately, while attempting to cross the border illegally, they are caught and arrested as terrorists. They are also found to be in possession of five kilos of crack cocaine, each. Since they can't afford an expensive, Jewish lawyer they accept the plea bargain and are sentenced to life imprisonment at Gitmo No 26 with hard-labor, torture, starvation, you name it.
Fortunately or maybe unfortunately, they escape the death sentence -- due solely to the fairness of American criminal-justice system.
So who says capitalism doesn't work? |
