PLEASE NOTE:

MyNews24 is a user-generated section of News24.com. The stories here come from users.

 
The Fox 5366
 
Comments: 2
Article views: 717
 
 
Latest Badges:



 
View all The Fox 5366's badges.
 

A fresh take on spending money

17 September 2012, 13:37
Worried about corruption in government or business? Don't be! Worried about rich people who buy yet another extravagant Ferrari? Don't be!

What it seems that so many people fail to realise is that any country's economy is a closed pool. It doesn't matter WHO spends the money or HOW they got their money: money which is spent is circulated in the economy, and ultimately benefits you and me as the workers.

In the case of rich people buying luxuries, I'd rather they buy themselves multimillion rand mansions - built by South African hands - than have those millions sitting locked in bank accounts.

Yes, we often like to criticise government officials for misspending money, but who's to say that the money they spent on their luxury parties and hotel stays is any worse spent than funding a soup kitchen or library? That money ultimately paid the salaries of umpteen caterers, hotel cleaners, party planners and indirectly the journalists who covered the Big Event.

Before people jump on my throat: I am NOT condoning government corruption or rich people flaunting their money in the faces of the poor. I'm just advocating we look at the bigger picture: instead of shaking our heads the next time you drive past the perfectly-manicured rich wasting their time on a golf course - but that money could be donated to the hungry! - rather congratulate them for supporting the huge network of staff, service providers' staff and suppliers' staff.
Disclaimer: All articles and letters published on MyNews24 have been independently written by members of News24's community. The views of users published on News24 are therefore their own and do not necessarily represent the views of News24. News24 editors also reserve the right to edit or delete any and all comments received.

 

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
2 comments
Add your comment
Comment 0 characters remaining

Read more from our Users

Submitted by
Politbiero
Life and death is in the power of...

I believe this is a quote from Proverbs. But no, this is not an opinion on religion. Read more...

0 comments 100 views
Submitted by
KevinKing
Submitted by
Menzi Lukhele
Going to Indonesia

Jacob Zuma’s planning to depart to Indonesia can safely be assumed had been in place at the time that the so called ‘xenophobia’ or ‘common criminality’ in the country started. Read more...

0 comments 164 views
Submitted by
Shaun James
Young / Unemployed? Here is some ...

I believe entrepreneurship and innovation is probably the only way we are going to get out of this rut we find ourselves in as South Africans. Read more...

0 comments 415 views
Submitted by
Thulane Che Trosky637
The Eskom situation

Eskom is 100% State owned, and at this point in time the State in respect of its building and many official residences. Read more...

6 comments 1617 views
Submitted by
Mq Moyo
Why Some Prayers are Not Answered

Often we are in a state of confusion about praying. We pray constantly for something to happen, or to be given or relieved of something but the answers don’t seem forthcoming. Read more...

55 comments 462 views
 

services

E-mail Alerts The latest headlines in your inbox

RSS feeds News delivered really simply.

Mobile News24 on your mobile or PDA

E-mail Newsletters You choose what you want

News24 on your iPhone Get News24 headlines on your iPhone.

News24 on Android Get the latest from News24 on your Android device.

SMS Alerts Get breaking news stories via SMS.

Blogs Your opinion on you, me and everyone.

 
Interactive Advertising Bureau
 
© 2015 24.com. All rights reserved.
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.