Folks, the rich use the markets for income and wealth preservation — not to make it! - M.J. DeMarco

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Folks, the rich use the markets for income and wealth preservation — not to make it!

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Additional quotes by M.J. DeMarco

Soon after the American left, things changed. The government, desperate for tax dollars, levied a series of boating, gaming, and license fees: To continue fishing, the Mexican must pay $400 for a fishing license, a $200 environmental fee, a $350 game endorsement, and $1,800 in mooring fees. If he doesn’t pay ASAP, the Mexican will be barred from fishing.
Unfortunately, after paying all the fees, the Mexican has little money left to insure and license his boat. Unable to legally operate at his favorite coastal town, the Mexican fisherman drives three hours south to another town, where the quality of the fish is poor. The long drive takes its toll on the Mexican’s car, where it ultimately breaks down. In order to fix his car, he needs $200 for a water pump and $400 for a radiator. This is after he pays $600 to get his car towed back to his village.
But this story is about to get worse. When the Mexican fails to pay the mooring fees to the harbor master, he loses his boat. The Mexican fisherman who spent most of his days in a state of unpreparedness and merriment — strumming around with his friends, sipping wine — is now unable to support his family. His wife divorces him. The Mexican now sings a different tune with his amigos … something along the lines of “Money can buy happiness.

This “Lifestyle Servitude” perpetuates an accelerating cycle of consumption and debt, forever enslaving the Sidewalker to their addictions: their appearance, their material goods, their sugar-ladened diet, or their smartphone newsfeeds.

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