Quote:
Originally Posted by pornguy
It makes the same amount of sense that relying on bank loans to stay in business does.
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You're a persistent little pissant aren't you?
<rolling eyes>
Yes, you're right, the banking system shouldn't even exist and a really smart business owner should never need to use debt as an instrument of business.
If a contractor wants to build a neighborhood full of spec houses, he should have $10MM cash on hand to do it with...to buy the materials, pay all the laborers, and get all the permits and equipment necessary.
He should be able to front all of this out of pocket until he can sell the houses and make his profit. If he has to use a bank for any of this he must be a failure. It's ridiculous to think that a guy like this could constantly have debt on his books and yet still make a profit.
If someone wants to open a car dealership, they should have millions on hand to buy their inventory with before they open. If they have to use a floorplan from a bank, where they pay the interest on the inventory until it's sold, they must be stupid and a complete failure at business.
How dare someone try to open a car dealership without first having millions of dollars in cash on hand?
I'll tell you something else too, that fucking idiot Bill Gates should have never taken out a loan to buy that computer he and Allen wrote their first operating system on. What kind of stupid businessman would do that? There's no way that guy would ever amount to anything. If he didn't have enough cash on hand to start the business, then he shouldn't have started it.
</rolling eyes>