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

The Fox 5366
Comments: 2
Article views: 722
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. 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
Comments have been closed for this article.

Read more from our Users

Tribute to Dr Robert Sobukwe

Robert Sobukwe’s dream and vision far from being realised and accomplished. Read more...

0 comments 77 views

The difference between Amakhosi and Pirates is not just the colour of our jerseys. Read more...

0 comments 65 views
Submitted by
Gallant Cassious
Blatant racism or culture clash

Blatant racism or intolerance of other’s culture – your South Africa Read more...

0 comments 298 views
Submitted by
Michael Bowren
Technology - Streamlining the fin...

Underpinned by demographic and sociotechnical shifts, internet penetration amongst South African consumers has increased significantly in recent years and now there is an ever shifting propensity to interact online.  Read more...

0 comments 76 views
Submitted by
Kelvin Esiasa167
Zambia Celebrate Customer Service...

"The customer is always right" is a famous business slogan. The underlying truth behind this statement is recognising that customers are the life blood for any business.  Read more...

0 comments 43 views
Submitted by
Mark Proctor
Interest Rates and You

There has been be a decision to raise interest rates by the South African Reserve Bank's monetary policy committee. It is the last one for the year. Read more...

0 comments 71 views


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 Android Get the latest from News24 on your Android device.

SMS Alerts Get breaking news stories via SMS.

TV Get us in your home, on your television.

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


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 network.


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.