Money tree?

person holding one dollar bill

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Apparently the Democrats have a money tree they aren’t telling people about. Actually, it must be more than one, because there is no explanation of how this government give-away can be paid for, let alone sustainable.

What I can’t figure out is where they think the money for this is going to come from. Higher taxes? Who can pay those since many business are shut down? Oh, and since business are shut down, they’re laying off or furloughed their workers. And those workers don’t have money to spend at the businesses that remain open. The business that remain open? Well, they reduced hours and laid people off.

You see how this works, right? The cycle the economy follows is self-generating. In order for it to work, all parts have to be working efficiently and effectively. There is no part of an economy that doesn’t rely on another part of itself to work, removing parts keeps it from working.

Guaranteed Minimum Income. Universal Basic Income.

Two bad ideas and perhaps this is all about a dress rehearsal for those. Sounds great on paper but doesn’t work in reality or practicality. It’s been tried and nearly always/completely leads to disaster. But the socialists in the country are gonna keep on pushing it because you know, the mirage of utopia is just one the other side…

Perhaps its an attempt to buy votes for the upcoming election in November.

“Look what we tried to do (or did) for you! But those big bad, typically small government and more fiscally responsible Republicans kept us from giving you free money that we don’t have and can’t afford. Aren’t they mean? They’re keeping you on the bottom on purpose by not giving you the opportunity to receive free money instead of earning it. “

If a politician is telling you that you can get something for nothing, you better look real hard and ask a lot of questions. It ain’t true, no matter what they tell you! There is always a cost, and it definitely won’t be what you think it is and it won’t be the first thing you find. Dig deeper.

 

 

 

Wolf in sheep’s clothing

brown wolf

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If you have watched any TV, either live or on a paid service, you have probably seen an ad for something that was vague enough to be intriguing but also vague enough to seem just a bit shady.

I saw the commercial again last night and I just gotta think that someone is marketing the hell out of dangerous app. Dangerous? Why? Well, because it is just a pay day loan repackaged to look like something else. I would recommend you stay a long ways away from that app called Earnin. Here is a review, or the BBB, take if for what it is worth.

Now you don’t have to actually walk into one of those Money Tree stores or find the local loan shark to get your legs broken, you can just get money via your phone. Yeah, brilliant. Except that it preys on people, especially low-income people. It just creates a dangerous cycle that is hard to get out of.

**Quick disclaimer: I am not speaking from experience. I am not stupid, or desperate.**

I have known people who get stuck in these cycles and it rarely seems to have a pretty ending. How about we teach people financial responsibility instead of sucking them into spending money they don’t have?

Watch out people. If it seems too good to be true, it probably is. Cliche, I know, but there is a reason these cliches exist.