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Originally Posted by NoSoup
Not rocket science - and if these people are really that dumb, you can't really expect them to be successful in anything they do in life - they shouldn't be surprised they are failing that miserably in personal finance.
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And yet many smart, educated, and otherwise successful people are just as guilty of this; only, their recklessness and irresponsibility is manifested in a different way, and with far greater and far more reaching consequences.
Quote:
Originally Posted by Bear Cub
Because plenty of people are lazy and irresponsible. Really isn't much more to it than that.
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Evidently, based on recent national (if not global) events, CEO's and other people in upper business management can be lazy and irresponsible, too. Only, they have a different kind of laziness and irresponsibility – that is, it manifests differently –compared to your typical deadbeat. But it all leads to the same thing: financial ruin. And while most of the latter are forced to suffer for sins (as they should be), many of the former are crafty and powerful enough to provide "golden parachutes" for themselves, thus escaping much of the fallout of their sins.
Whatever. As we have seen, the former can lead to ruin on a national (if not global) scale, and thus are far more dangerous and destructive than the latter to those people who do live earnest and responsible lives.