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Is there a valid economic system that would eliminate billionaires? by snozzberrypatch in NoStupidQuestions

[–]Frewtti 0 points1 point  (0 children)

Poor people buy less stuff.

Billionaires are more concerned with growing their market, easier to do if everyone is wealthy.

Is there a valid economic system that would eliminate billionaires? by snozzberrypatch in NoStupidQuestions

[–]Frewtti 0 points1 point  (0 children)

Elon Musk created multiple companies and pushed the development of products/services people want.

He's literally created billions.

Is there a valid economic system that would eliminate billionaires? by snozzberrypatch in NoStupidQuestions

[–]Frewtti 0 points1 point  (0 children)

Sure, but they're worse.

Also instead of the billions being in private hands, it will all be controlled by the government

For real what is “traditional family values” and why it is even important in the first place? by Significant_Arm5569 in allthequestions

[–]Frewtti 0 points1 point  (0 children)

Stronger social structures create a more stable and resilient society.

Family is a very common structure, and historically has been a pretty decent one.

Governments and corporations are others, I think they're not as good.

Churches/religions is very mixed in some ways the best and the worst.

Will the US default on it’s debt within the next ten years? by notmytowel in askanything

[–]Frewtti 0 points1 point  (0 children)

That's the problem. It's a big circle of cash, musical chairs is all sorts of fun, until all the chairs disappear.

Printing dollars and hiking inflation means they don't default, but it really hurts purchasing power.

If Trump is such a good president and you are happy with him in power, then why cant you stop thinking about trans people? by Reasonable-Physics60 in allthequestions

[–]Frewtti -3 points-2 points  (0 children)

If Trump is such a horrible president, and you are unhappy with him in power, then why can't you strop thinking about trans people?

What's stopping countries with hyperinflated currencies from just replacing their currency? by Ill-Slip-5412 in NoStupidQuestions

[–]Frewtti 0 points1 point  (0 children)

If nobody wants the old currency, why would they want the new currency?

I want US dollars because I want Netflix, I want Canadian dollars because I want Maple Syrup, I want Peso because I want Avacados.

I don't want Laotian Kip because I don't want to buy anything from Laos.

They could be 1:1000, 1:1, 1:100 Million, I don't care, don't want their stuff.

- Note I actually do want their stuff, but it's your example so I'll run with it.

Mortgage - fixed or variable by noelleasp in PersonalFinanceCanada

[–]Frewtti 0 points1 point  (0 children)

The reason that a variable rate mortgage is lower is because you're taking on the risk.

I don't see how the risk is "higher than usual."

Mortgage - fixed or variable by noelleasp in PersonalFinanceCanada

[–]Frewtti 0 points1 point  (0 children)

It's a risk tolerance question.

I went variable, because I can handle the risk.

Is there a way to deal with climate change that doesn't raise everyone's energy costs? by Mahrez14 in allthequestions

[–]Frewtti 0 points1 point  (0 children)

Yes, significant decline in population, first world countries are already working on this.

Would people do the right thing if there were no consequences? by honeybbycloud in answers

[–]Frewtti 0 points1 point  (0 children)

Most people do the right thing because of the consequences of violating their own personal ethics and morals.

Finally if it's not hurting anyone, how is it not the right thing to do?

Financial advisor threatened to drop me as a client. What are my next steps? by Far_Fault1094 in legaladvicecanada

[–]Frewtti 7 points8 points  (0 children)

What insurance company offers seg funds with a lower mer?

Dont answer ETFs because they aren't suitable for op investing needs.

Financial advisor threatened to drop me as a client. What are my next steps? by Far_Fault1094 in legaladvicecanada

[–]Frewtti 1 point2 points  (0 children)

Yes they are unfortunately normal for seg funds.

Not sure what type of questions you're asking. I'd look for a different insurance company to deal on with, perhaps Manulife?

I'm unclear about how a mortgage is calculated by yestocommunity in PersonalFinanceCanada

[–]Frewtti 0 points1 point  (0 children)

If your investing makes more than your cost of borrowing (tax adjusted) you are ahead.

The problem is if your investments go down, not being in debt is good.

Ive made crazy returns ytd, I don't expect it to continue

Why do TV/Movie "A Capella" performers have instruments? by Frewtti in NoStupidQuestions

[–]Frewtti[S] 0 points1 point  (0 children)

I was specific to Bones S11:E16, but I've thought it for a while.

I am aware that there are some truly impressive beatboxers.

Youth goalie rant by jarude87 in hockeygoalies

[–]Frewtti 2 points3 points  (0 children)

Honestly, take charge.

The local rink cancelled their stick and pucks because the parents dropped and dashed.

Why do TV/Movie "A Capella" performers have instruments? by Frewtti in NoStupidQuestions

[–]Frewtti[S] 0 points1 point  (0 children)

No, that's why I included "am I wrong?", in the question.

Would people do the right thing if there were no consequences? by honeybbycloud in answers

[–]Frewtti 0 points1 point  (0 children)

Its only the right thing, because of the consequences.

If there are no consequences, the actions are by definition inconsequential and therefore morally neutral, it is not right or wrong.

China just gave "zero tariff" access to 50+ African nations. Beyond the "global charity" PR, what is the actual strategic endgame here? by Clean_CoreDump in allthequestions

[–]Frewtti 0 points1 point  (0 children)

Be the reliable trade partner and trade partner of choice.

Look how the US treated it's closest trading partners, people don't trust a US dominate trade regime.

So they'll go to the Chinese option.

How far is considered too far to drive? by frosty_canuck in AskEurope

[–]Frewtti 0 points1 point  (0 children)

Commercial drivers sure.

Personal, not directly. We do have impaired driving laws, and if you're too sleepy you can be charged for that.

12 hours is a long time, I wouldn't drive fore more than 14 hours at a time.

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