Greed doesn’t stop at the 1%

Tasha Kheiriddin:

Oh, that nasty 1%. Based on the global protests inspired by Occupy Wall Street, they are the source of all the world’s ills. The placards say it all: “End corporate greed”; “Paycheques not credit card bills”; “Banks for the 99%!”

But what about that 99%? What responsibility do they bear for the situation the world finds itself in? The answer is: plenty. Greed doesn’t just live on Wall Street: it finds a home on Main Street too. And when people think it’s perfectly OK to take out mortgages they can’t afford, or rack up credit card debt to buy flat screen TVs, clothes and appliances, or draw on their home’s equity to finance cars and vacations, well, as they say, you reap what you sow.

[…]

MORE